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Nuvve Provides Fourth Quarter 2021 and Full Year Financial Update
Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) SAN DIEGO, March 31, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq:
About this update from Nuvve Holding Corp.
[{"type":"text","content":"Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) \nSAN DIEGO, March 31, 2022 /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 announced a fourth quarter and full-year 2021 update.\n\n \n \n \n \n \n \n\n \n Fourth Quarter Highlights and Recent Developments\nDeployed first vehicle-to-grid (V2G) charging solution with a school bus in Colorado in partnership with Blue BirdWon inaugural Next Big Things in Tech Award from Fast CompanyEntered into a strategic engagement with Swell Energy to offer solar and stationary battery storage combined with Nuvve's intelligent electric vehicle charging solution for residential and commercial customersAnnounced plans to form a joint venture with 2021.AI to integrate artificial intelligence with Nuvve's V2G platformLevo announced a 10-year contract awarded by the school district in Troy, Illinois to support its effort to fully electrify its fleetCash and cash equivalents of $32.4 million, as of December 31, 2021Management Discussion\nGregory Poilasne, chairman and chief executive officer of Nuvve, said, \"V2G technology is increasingly gaining recognition across the myriad of stakeholders that stand to benefit from its adoption. Nuvve's dedicated focus to date on pioneering and evolving its proprietary V2G solution has resulted in our offering a holistic solution to intelligently integrate EVs into the grid that we believe is unmatched by others. As a result, we are seeing increased interest in our products and services, and in the fourth quarter of 2021, we saw momentum continuing to build. This is evidenced by key partnership announcements, such as our plans to create a first-of-its-kind V2G hub with Blue Bird, a 20% growth in megawatts under management from the third quarter, and a significant increase in orders for our chargers. Looking ahead, we are thrilled to be off to a strong start in 2022 as we continue to find ways to broaden and differentiate our unique offering through additional new partnerships and with our joint venture, Levo. We see a robust pipeline of potential project wins, which we expect will translate to healthy growth in megawatts under management and backlog over time.\"\n2021 Fourth Quar...