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Stock impact report

Fresno EOC Taps Nuvve (NASDAQ: NVVE) To Transition To An EV Fleet Without Taxing The Powergrid In $16 Million Deal [Yahoo! Finance]

Nuvve Holding Corp. (NVVE) 
Company Research Source: Yahoo! Finance
But powering all that green energy is expected to tax the power grid, an aging system long in need of an overhaul. That is making the transition to an EV future more difficult. After all, what is the point of having a fleet of EV cars or buses if it causes outages or over-taxes the grid? Meeting the future demand requires major changes from adding more high-voltage transmission lines to transformers for last-mile delivery, which can be expensive. Take California for one example. One study pegs the cost of updating the state's power grid at $50 billion by 2035 Until that happens, Nuvve Holding Corp. (NASDAQ:NVVE), the cleantech company from San Diego, has a solution. The clean energy company has found a way to electrify fleets of cars and buses without overloading the power grid thanks to its vehicle-to-grid (V2G) technology. The cutting-edge and potentially game-changing technology turns EVs into moving storage systems, reducing the cost of ownership and bringing stability to the po Show less Read more
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