Nuvve Holding Corp. · NASDAQ:NVVE
Nuvve — Q1 2021 Earnings Presentation
22 slides from Nuvve's earnings presentation, May 17, 2021
Slide 1: Q1 2021 Earnings | Announcement of Agreement to Form $750 Million Infrastructure JV
Investor Presentation – May 2021 Q1 2021 Earnings | Announcement of Agreement to Form $750 Million Infrastructure JV
Slide 2: Legal Disclaimer
2 Legal Disclaimer This presentation (this “Presentation”) is provided for information purposes only. No representations or warranties, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law in no circumstances will Nuvve Holding Corp. (“Nuvve”)
Slide 3: Legal Disclaimer (Cont'd)
3 Legal Disclaimer (Cont’d) Use of Projections This Presentation contains projected financial information with respect to Nuvve. Such projected financial information consti tut es forward - looking information, and is for illustrative purposes only and should not be relied upon as necessarily being
Slide 4: Introductions & Presenters
4 Introductions & Presenters Gregory Poilasne, PhD Co - Founder, Chairman & CEO Ted Smith President, COO, and Director David Robson Chief Financial Officer Who We Are Nasdaq: “NVVE” Completed IPO and began trading March 23, 2021 Leader in proprietary vehicle - to - grid (“V2G”) technology Founded in
Slide 5: Why Nuvve?
5 Why Nuvve? Opportunity to capitalize on a transformational megatrend Differentiated and proprietary technology Highly experienced team Compelling turnkey offering ESG (Environmental, Social, Governance) multiplier © 2021 Nuvve Holding Corp. All Rights Reserved.
Slide 6: The transition to electric mobility is among the largest macroeconomic shifts
6 The transition to electric mobility is among the largest macroeconomic shifts in our lifetime and an opportunity to accelerate solutions to climate change OUR MISSION Lower the cost of electric vehicle ownership while supporting the integration of renewable energy for a scalable and sustainable gr
Slide 7: U.S. GHG Emissions by Sector
7 Source: EPA 2018. Greenhouse gas emissions from transportation sources include carbon dioxide (CO2), methane (CH4), nitrous o xid e (N2O), and various hydrofluorocarbons (HFCs). U.S. GHG Emissions by Sector U.S. Transportation Sector GHG Emissions by Source 28% 27% 22% 10% 7% 6% Transportation Ele
Slide 8: EVs Help Solve GHG Problem but Create Another
8 0 100 200 300 400 500 600 2015 2020 2025 2030 2035 2040 Source: Bloomberg New Energy Finance: Electric Vehicle Outlook 2020, does not include two - wheelers. Various newspapers. (1) US D epartment of Energy, forecast through 2050. (2) Global grid investment requirement implied based upon grid upgr
Slide 9: Vehicles Don't Move Much… But there is a Hidden Opportunity
9 (1) AAA New American Driving Survey, April 2021. (2) U.S. Census Bureau, Bloomberg New Energy Finance Long - Term Electric Vehicle Outlook 2020. Assumes 60 kWh battery / vehicle discharged once per week. Z Z Z 96% Of the time consumer vehicles are parked and not in motion (1) Years (2) 1.2 Vehicle
Slide 10: We Turn EVs Into Power Plants
10 WE TURN s INTO POWER PLANTS © 2021 Nuvve Holding Corp. All Rights Reserved.
Slide 11: How does V2G work?
11 How does V2G work? Our two - way solution utilizes your car battery when it is parked and plugged in © 2021 Nuvve Holding Corp. All Rights Reserved.
Slide 12: Nuvve Turns EVs into Power Plants
12 Nuvve Turns EVs into Power Plants © 2021 Nuvve Holding Corp. All Rights Reserved. Grid Load kW kW kW kW MW
Slide 13: Nuvve Overview / Nuvve by the Numbers
13 25 years of vehicle - to - grid technology R&D 350+ installations deployed globally 9+ MWs managed 5 continents 11+ years of market participation in PJM Patented technology Nuvve Overview We use our commercialized vehicle - to - grid (“V2G”) technology to reduce the total cost of ownership of ele
Slide 14: Major Benefits of Nuvve V2G
14 Accelerate EV penetration by monetizing increased utilization Improve grid resiliency with virtual power plants Accelerate renewables penetration 1 2 3 MAJOR BENEFITS OF NUVVE V2G © 2021 Nuvve Holding Corp. All Rights Reserved.
Slide 15: Immediate Market Opportunity for V2G
15 U.S. Only School Bus Fleet ~480,000 buses TAM: ~$96B Postal Service Fleet ~225,000 vehicles TAM: ~$27B Military Fleet ~170,000 vehicles TAM: ~$17B Mass Transit ~160,000 vehicles TAM: ~$36B Fleet Total Addressable Market: ~$176B+ | Passenger Vehicle Total Addressable Market: ~$6.4T Immediate Marke
Slide 16: Why School Buses?
16 Why School Buses? Largest mass transit fleet in the U.S. Consistent route - based transport with known energy needs Parked and unused most of the time 95%+ diesel today – bad for student and driver health and the planet Reduction of ~88mm tons of carbon emissions with the electrification of the e
Slide 17: School Bus Electrification Gaining Momentum
17 School Bus Electrification Gaining Momentum © 2021 Nuvve Holding Corp. All Rights Reserved.
Slide 18: Challenges with Electrifying School Buses Today
18 Challenges with Electrifying School Buses Today Cost High upfront cost of purchasing an electric school bus is currently cost - prohibitive Complexity Managing the transition to a fleet of electric school buses requires specialized expertise Unique Needs Each school district requires a customized
Slide 19: Levo Joint Venture with Stonepeak and Evolve
19 While Levo will pursue electric vehicle fleet electrification solutions broadly, initially the company is focusing upon electrification of the school bus market in the United States Upon closing, Stonepeak is planning to commit up to $750 million structured as preferred equity in Levo; Nuvve will
Slide 20: Levo's Transportation-as-a-Service
20 Customized maintenance solutions to suit customer needs Levo plans to provide a turnkey zero - emission electric vehicle offering to customers Your vehicle is ready to go when you need it Flexible financing solution eliminating up - front capital cost for vehicles and related infrastructure Our v
Slide 21: The ESG Multiplier
21 Enabling Increased Penetration of Renewables “Energy Equity ” Distributed Solution Higher Asset Utilization Increasing Power Grid Resiliency and Reducing Required Grid Investment to Integrate Electric Vehicles The ESG (Environmental, Social, Governance) Multiplier © 2021 Nuvve Holding Corp. All R
Slide 22: Vehicle-to-Grid Deployment Locations
22 Vehicle - to - Grid Barcelona, Spain Newark, Delaware Manila, Philippines CDG Airport, Paris Windhoek, Namibia Nagoya, Japan Culver City, CA London, UK UCSD, San Diego CA El Cajon, San Diego CA Torrance, CA Nice, France Frederiksberg, Denmark Corsica, France EVS32 Lyon, France San Jose, CA Bornho