V2Market

Nuvve Holding Corp. (“Nuvve”) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (“V2G”) platform, announced today that its subsidiary, Nuvve Denmark ApS, will be a partner in a new Horizon 2020 (“H2020”) project called V2Market, which is aiming to develop business models for mainstreaming V2G and vehicle-to-building (“V2B”) services. H2020 is the European Union funding program for research and innovation that provides grants to projects through open and competitive calls for proposals. Although the V2G and V2B technology is market-ready and has been proven through installations around the world, the market conditions in many regions are still to be defined. V2Market will tackle this by developing a business case for V2G that considers potential incentives for all the actors in the value chain, from end-users and V2G service providers to distributed systems operators (“DSOs”) and other energy providers.