Nuvve Holding Corp. announced that it took part in a press event on April 20, 2022 led by the U.S. Department of Energy (DOE) to sign a Memorandum of Understanding (MOU) to work with government agencies, utilities, and electrification industry leaders to accelerate the commercialization of vehicle-to-grid (V2G), vehicle-to-building (V2B), vehicle-to-home (V2H), and other vehicle-grid integration (VGI) technologies. The DOE initiated this agreement to bring together a mix of public entities and private companies to ensure the electrification of electric vehicle (EV) fleets incorporates bidirectional charging that can send power back to the grid, thereby reducing building loads, providing grid services, and creating revenue opportunities for EV owners.

Nuvve was selected for its many years of experience commercially deploying V2G around the world, including solutions to electrify school buses and commercial fleets here in the U.S. The company has extensive experience working with transmission system operators (TSOs) around the world, including a recent approval from the TSO in Japan, to provide capacity and flexibility services to the grid. Nuvve's intelligent energy management platform enables VGI at all levels – from smart charging and V1G to V2B/V2H and V2G – and acts as an aggregator to combine the power from a fleet of EV batteries to form virtual power plants (VPPs) that help stabilize the grid and prevent blackouts. Nuvve's solution also utilizes energy stored in EVs to lower the energy demanded by buildings and homes and provide emergency back-up capabilities while meeting the mobility needs of drivers.