Nuvve and Stonepeak Finalize "Levo" Joint Venture Providing up to $750 Million in Funding to Electrify Fleets
By enabling EVs to serve as "storage on wheels," Nuvve helps integrate renewables and stabilize the grid.
- By enabling EVs to serve as "storage on wheels," Nuvve helps integrate renewables and stabilize the grid.
- Nuvve CEO & Chairman, Gregory Poilasne, commented, "We are pleased to complete the formation of Levo with our partners Stonepeakand Evolve.
- Stonepeak and Evolve plan to deploy up to an aggregate $750 million capital commitment to Levo.
- Nuvve Holding Corp. (Nasdaq: NVVE) (Nuvve) is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology.