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Product Overview
Overview
Nuvve (formally, Nuvve Holding Corp.) is a global cleantech company, who offers its flagship V2G GIVe™ (Grid Integrated VEhicle) platform, which consists of:
- Bidirectional charging stations - high-capacity, bidirectional AC and DC chargers allow for charging and discharging of the EV battery to optimize for local or centralized objectives (such as those from an aggregator, like Nuvve's own Vehicle Smart Link)
- Nuvve Energy Regulation Aggregator (NERA) - a cloud-connected application owned and operated by Nuvve, used to coordinate the dispatch for every vehicle on the Nuvve platform (e.g., ensures that vehicles have enough charge for its next trip, before calculating how much battery capacity may be available to discharge for grid support and/or market purposes)
- Vehicle Smart Link (VSL) - Nuvve's own software and device, aimed to enable EVs to receive instructions (from the Nuvve Aggregation Server) to predict travel time and distance to ensure proper charge levels
With the GIVe™ platform, Nuvve allows EVs to serve as reliable distributed energy resources (DERs) for utilities and energy markets by allowing EV batteries to store and discharge energy back to the grid. The technology is a cloud-based platform that enables intelligent, bidirectional, vehicle-to-grid (V2G) charging with second-by-second control to ensure that driver, battery, and grid needs are accounted for simultaneously.
Nuvve’s GIVe™ platform has been in commercial operations for over five years in Denmark and is qualified commercially for frequency regulation by multiple system operators (e.g., CAISO, PJM, TenneT, Energinet, RTE, ChuBu Electric, etc.). And for utilities, Nuvve can provide services such as demand response, time-of-use scheduling, demand charge, and peak mitigation.
Lastly, data can be fully audited at both the individual battery level and as an aggregate, ensuring visibility and transparency for each stakeholder involved with bidirectional charging activations.
Business Model
Nuvve offers customers savings on energy usage and revenues from energy markets. The savings and revenues depend on the energy market in which the customer is operating.
We provide fleets with the lowest cost of electric transportation which includes vehicle-to-grid (V2G) service, chargers, installation, and maintenance. With a reduced total cost of operation, V2G fleets of EVs are less expensive to operate.
Technology Innovations
Nuvve’s vehicle-to-grid (V2G) technology was invented in 1996, has completed successful projects on five continents, including an aggregation of over 10,000 EVs in the Netherlands, and has been in commercial operations for over five years. We are the only globally-launched, proven commercial platform on the market.
Applications
Renewable energy sources need storage. EVs have a built-in energy storage system. Vehicle-to-grid (V2G) technology bridges the gap between these two sectors and also helps regulate energy on the grid. The grid services offered by Nuvve's aggregation platform, GIVe™, include the following:
- Time-of-use scheduling
- Demand charge management
- Frequency regulation
- Renewable energy time shifting
- Spot market optimization