SAN DIEGO and HSINCHU, Taiwan, Jan. 30, 2024 /PRNewswire/ -- Nuvve Holding Corp. (NASDAQ:NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, in collaboration with e-Formula, a prominent Taiwanese energy solutions provider, is pleased to announce the potential to launch the first V2G hub project in Taiwan.
e-Formula, known for its expertise in microgrid management and battery technologies, would serve as the project lead for this 95 EV V2G Hub project, and Nuvve is expected to be the technical project manager and service provider. Nuvve currently anticipates completion of contract negotiation for this project in March, with underlying business assumptions allowing for Nuvve to deploy a mix of unidirectional and bidirectional charging stations ranging from 11kW to 150kW. Nuvve will contract with Taipower to be compensated for grid services through the combination of EVSEs provided by Nuvve and stationary storage provided by e-Formula. By combining Nuvve's world-class V2G technology with e-Formula's extensive experience in energy solutions, this project would set a new standard for sustainable urban transit.
Gregory Poilasne, CEO of Nuvve, expressed his enthusiasm: "This project is not just a milestone for Nuvve and e-Formula but a leap forward for Taiwan's EV infrastructure. Our GIVe™ platform stands at the heart of this endeavor, showcasing the immense potential of V2G technology in revolutionizing energy management and EV integration. We are eager to work together in support of the important efforts already underway in Taiwan to ...