Vehicle-to-grid technology is a critical solution for supporting the electrical grid and the acceleration of variable renewable energy penetration, says Nuvve Holding Corp. (NASDAQ: NVVE). “The trifecta of electrification of end-uses, transportation, and grid crises create the perfect environment for the widespread adoption of V2G technology. As we move into 2025, the need for reliable, efficient, and scalable energy solutions has never been greater. V2G technology is poised to meet this demand by empowering energy consumers into active electricity prosumers, improving grid reliability, and providing recurring revenue opportunities, savings and resiliency for both fleet operators and individual EV owners,” they added.
In addition, analysts at EY say that smart-charging and V2G companies will play a significant role in cost-savings and grid stability as electric vehicle demand gains momentum. Not only is that news positively impacting companies like Nuvve Holding Corp., but also Schneider Electric (OTC: SBGSY), Ford Motor (NYSE: F), Duke Energy (NYSE: DUK) and Pacific Gas and Electric Company (NYSE: PCG). All of which should benefit from what could be a $6.73 billion opportunity by 2033, according to Straits Research.
Even better, “the International Renewable Energy Agency (IRENA) states that integrating EV storage with renewable energy systems could cut grid dependence on fossil fuels by as much as 40%,” added Straits Research. In addition, “The U.S. Department of Energy allocated $2 billion in 2024 to advance smart grid initiatives, including V2G systems, further accelerating market growth. Canada also contributes significantly with its ambitious clean energy targets and EV-friendly policies. The region's advanced grid systems, coupled with a high demand for sustainable energy solutions, position North America as a leader in V2G adoption.”
Look at Nuvve Holding Corp. (NASDAQ: NVVE), For Example
Nuvve Holding Corp., a global leader in grid modernization and vehicle-to-grid (V2G), today announced the launch of its Battery-as-a-Service (BaaS) offering — a new subscription-based solution designed to support electric cooperatives, and other load-serving entities in strengthening grid performance, managing peak demand, and reducing infrastructure costs and creating a more resilient electric system.
Delivered through 10 to 12 year service agreements, the BaaS model enables utilities to deploy scalable battery energy storage systems — including at the substation level — without requiring significant upfront capital investment. These systems can be integrated to mitigate coincident peaks, support load flexibility, and improve resilience while aligning with utility operational planning and regulatory priorities.
“This initiative is focused on enabling utilities and co-ops to respond to growing system complexity with flexible, modular energy infrastructure,” said Hamza Lemsaddek, Vice President of Technology and Astrea AI at Nuvve, a key driver in the company’s Grid Modernization effort. “With BaaS, we’re offering a low-barrier path to realize storage benefits while building optionality for future distributed energy strategies.”
The BaaS platform is intentionally designed to be scalable and application-flexible, with battery systems ranging from commercial and industrial (C&I) use cases to utility-scale deployments, ranging cap ex between $1 and $10M. Nuvve delivers full turnkey solutions — including procurement, installation, operations, maintenance, and grid integration — enabling cooperatives to benefit from cutting-edge energy services without additional operational burden.
To support this expansion, Nuvve has appointed Michael Smucker as Senior Director of Sales within the Grid Modernization business unit. Smucker brings over two decades of experience developing utility relationships and leading clean energy and EV infrastructure programs across the United States.
“The BaaS offering is structured to generate attractive revenue to Nuvve while providing great return to our investing partners through contracted revenue and provide some upside through marchent revenue,” said Gregory Poilasne, Nuvve CEO. ”Nuvve is working with multiple investing partners in order to support the different projects under final negotiation.”
Initial deployments are expected to begin in late 2025, with project development and partner discussions already underway across multiple regions and utility ownership models.
This launch marks a strategic evolution of Nuvve’s platform. Building on its leadership in V2G and intelligent energy integration, the company is now advancing solutions that combine mobile and stationary assets, software, and operational expertise to deliver value at both the system and local levels. By expanding into stationary storage and grid-edge infrastructure, Nuvve is further positioning itself as a long-term partner in modernizing the electric grid.
For more information or to explore partnership opportunities, contact: batteries@nuvve.com
Other related developments from around the markets include:
Schneider Electric, the global leader in the digital transformation of energy management and automation, is revolutionizing grid operations with its launch of the One Digital Grid Platform, an integrated and AI-powered platform designed to enhance grid resiliency, reliability and efficiency. This platform provides the data and technical foundation to integrate independent software solutions, enabling utilities to accelerate grid modernization and deliver cleaner, more affordable energy while benefitting from lower total cost of ownership. Many utilities rely on outdated grid systems without the scalability, automation and integration needed to keep pace with growing electricity demand, more extreme weather events and the rapid expansion of distributed energy resources (DERs) such as rooftop solar, EV charging and battery storage. The One Digital Grid Platform provides the interoperable solution utilities need to accelerate modernization, improve reliability and lower costs by integrating mission-critical software into a secure and scalable ecosystem.
Ford Motor announced its fourth-quarter and full-year 2024 financial results. “Ford is becoming a fundamentally stronger company. We finished 2024 with a solid fourth quarter, capping the highest revenue year in Ford’s history,” said President and CEO Jim Farley. “Our product portfolio offers the broadest powertrain choice. And Ford Pro, with its mid-teen margins, leading market position, and growing service and repair revenue, provides unique advantages for continued growth. In 2025, we expect to make significantly more progress on our two biggest areas of opportunity – quality and cost – as we enter the heart of our Ford+ transformation. We control those key profit drivers, and I am confident that we are on the right path to create long-term value for all our stakeholders.”
Duke Energy Florida submitted its 2025 Solar Base Rate Adjustment filing to the Florida Public Service Commission, outlining plans for four solar energy sites the company is pursuing this year in order to deliver on its commitment to continue providing reliable, affordable and increasingly clean energy for its customers. In accordance with Duke Energy Florida’s settlement agreement – which was approved by the FPSC in August 2024 – the company is investing over $521 million to establish solar sites in Madison County (Sundance Renewable Energy Center), Sumter County (Half Moon Renewable Energy Center), Hernando County (Rattler Renewable Energy Center) and Jefferson County (Bailey Mill Renewable Energy Center).
General Motors has joined Pacific Gas & Electric Company's (PG&E) residential Vehicle-to-Everything pilot program, providing eligible customers in Northern and Central California with incentivized pricing for qualifying GM Energy home energy products. GM Energy is working with utilities like PG&E to leverage GM's bidirectional EV charging technology, which allows compatible GM EVs to supply power back to homes during outages and, in the future, can support the grid by helping balance energy demand, with the goal of ultimately helping improve overall grid resiliency. "PG&E is leading the way to enable vehicle-grid-integration technology creating a path for EVs to power customer homes, ultimately benefiting all Californians," said Mike Delaney, Vice President, Utility Partnerships and Innovation, PG&E. "We are proud to continue leading this electric renaissance as we collaborate with automakers and some of the world's top innovators to pioneer bidirectional charging technology where EVs have the potential to offer greater reliability, resiliency and cost savings."
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Nuvve Holding Corp. by Nuvve Holding Corp. We own ZERO shares of Nuvve Holding Corp. Please click here for disclaimer.
Contact:
Ty Hoffer
Winning Media
281.804.7972
Ty@winning.media
