Nuvve Provided Third Quarter 2021 Financial Update

About this update from Nuvve Holding Corp.

[{"type":"text","content":"Investor Conference Call to be Held Today at 11:00 AM Eastern Time (8:00 AM PT)\n\n\nSAN DIEGO, Nov. 11, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, today provided a third quarter 2021 update.\n\n \n \n \n \n \n \n\n \n Third Quarter Highlights and Recent Developments\nCompleted transaction to create Levo Mobility LLC (Levo), a sustainable infrastructure joint venture with Stonepeak Partners LP (Stonepeak) and Stonepeak portfolio company, Evolve Transition Infrastructure LP (NYSE American: SNMP) Advanced partnership with Blue Bird to install up to 200 charging stations for up to 400 buses in delivery facility in Georgia, creating first of many V2G hubs Earned competitively awarded contract with Sourcewell, a cooperative purchasing organization, to provide Nuvve's intelligent energy platform to government, education and nonprofit entities Announced first-of-its-kind V2G partnership in Iberia with Wallbox designed to reduce mounting pressure on the grid and offer users significant financial incentives Achieved 5.5 megawatts under management during the quarter, increasing total megawatts under management to 12.4 as of September 30, 2021 On Friday, November 5, 2021, the U.S. House of Representatives passed a $1.2 trillion bipartisan infrastructure bill, setting aside $7.5 billion to create a nationwide network of EV charging stations and expedite the adoption of electric cars this decade; $7.5 billion for electric buses; and $65 billion to fund an investment in clean energy and renewables for the nation's electricity grid, and promises to create a more resilient system. These are all markets Nuvve is poised to leverage. Cash and cash equivalents of $40.7 million, as of September 30, 2021Management Discussion\nGregory Poilasne, chairman and chief executive officer of Nuvve, said, \"We are excited about the significant progress we are making executing on our mission to accelerate the electrification of transportation through our proprietary V2G technology and services. We are accelerating momentum across our business as we continue to expand our partnerships and secure key customer contracts. While adoption will take time, our backlog, pipeline, and megawatts under management...

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