Core Insights - Nuvve Holding Corp. has demonstrated significant advancements in Vehicle-to-Grid (V2G) technology, showcasing scalable solutions for grid stabilization at a recent event hosted by Exelon [1][4] - The global V2G market is projected to reach USD 34.7 billion by 2034, with a compound annual growth rate (CAGR) of 22.7% from 2024 to 2034, driven by the adoption of electric vehicles and the need for energy optimization [2] - Nuvve's proprietary GIVe™ aggregator software enhances the integration of multiple EVs into a unified V2G power resource, ensuring efficient grid integration [3] Company Developments - Nuvve's deployment of 3-phase PowerPort3 Ultra chargers allows Ford Mach-E EVs to provide grid services while parked, emphasizing the practical benefits of AC bi-directional power flow [1] - The company is positioned to capture a significant share of the growing V2G market through its innovative solutions and compliance with regulatory requirements [2][4] - Nuvve's strategic leadership in adhering to FERC Order 2222 strengthens its ability to leverage distributed energy resources [4] Market Opportunities - The integration of V2G technologies presents opportunities for Nuvve and its customers to generate recurring revenue streams through services like grid balancing and resource flexibility [3] - The performance of V2G-enabled Ford Mach-E vehicles will be monitored to assess their effectiveness as both fleet vehicles and grid assets, contributing to long-term value creation [4]
Nuvve Unveils Groundbreaking AC V2G Technology at Exelon Event, Leveraging SAE J3068/2