Business
Nuvve V2G Technology to Power a Green Future in Fresno
$16 million contract awarded by Fresno EOC for Nuvve to supply three-acre solar farm, solar canopies and 56 charging stations for Fresno’s 50-shuttle
About this update from Nuvve Holding Corp.
[{"type":"text","content":"\n$16 million contract awarded by Fresno EOC for Nuvve to supply three-acre solar farm, solar canopies and 56 charging stations for Fresno’s 50-shuttle electric fleet\n\n\n FRESNO, Calif.--(BUSINESS WIRE)--\nNuvve Holding Corp. (Nasdaq: NVVE) (the “Company”), a green energy technology company that provides a commercial vehicle-to-grid (V2G) technology platform, broke ground today on a new energy project in Fresno to improve air quality, reduce operational cost, and supply additional electricity to the grid during peak hours. The Fresno Economic Opportunities Commission (EOC) awarded Nuvve $16 million to power its operations, electrify its fleet of vehicles and employ residents of the surrounding community.\n\n\n“Fresno endures poor air quality due to tailpipe emissions from the Los Angeles basin and gas-fired peaker power plants,” said Nuvve co-founder and CEO Gregory Poilasne. “With the adoption of our cutting-edge electric vehicle software and infrastructure, this electrification project can serve as a model approach for modern, efficient, and eco-friendly public transportation with an economic benefit to the community.”\n\n\nNuvve will install a three-acre energy project, which includes a solar farm, solar canopies and 56 charging stations. Fresno EOC will also use the V2G technology as it transitions its gas vehicles into a 50-shuttle electric fleet. With four on-site batteries, the project will help Fresno EOC power its kitchen and transit operations, reduce emissions, lower energy costs, and enhance grid services for the community.\n\n\nThe project will take approximately 24 months to complete from start to finish. It will also employ about 80 percent of the required workforce from Fresno area residents for this energy project. This groundbreaking initiative underscores Fresno EOC’s commitment to sustainable transportation and marks a significant step towards reducing the city’s carbon footprint. Fresno EOC’s workforce and training program will also receive education on energy and solar projects. In the future, Fresno EOC hopes to provide hands-on training and experience to the local workforce.\n\n\n“This is the first step we need to take to electrify our operations and improve our footprint in the Valley while also creating jobs,” said Emilia Reyes, Fresno EOC CEO.\n\n\nFresno joins a growing list of communities that empl...