CEC Awards Nuvve $1.9M Grant for Innovative Vehicle-to-Microgrid Project
SAN DIEGO, Oct. 6, 2023 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in vehicle-to-grid technology and deployments, has received a proposed award of $1,910,703 by the California Energy Commission (CEC) under the CEC's Electric School Bus Bi-Directional Infrastructure funding opportunity.
- The initial project phase includes plans to produce a scalable model for other California school districts to implement their own zero-emission and bi-directional infrastructure.
- "The project builds on our long experience aggregating electric school bus battery storage to discharge energy to the grid and further enhance resiliency through microgrid capabilities," said Nuvve CEO Gregory Poilasne.
- The Phase 1 grant award is pending approval of the schools' respective projects at a publicly noticed CEC business meeting and execution of a grant agreement.
- For further information and updates on Nuvve Holding Corp. and the RESCHOOL project, please visit www.nuvve.com .