Why Nuvve Shares Are Surging Today
Portfolio Pulse from Shivani Kumaresan
Nuvve Holding Corp has launched Astrea AI, an artificial intelligence technology to optimize revenue from ancillary services to Nordic transmission system operators from its V2G fleet customers. Astrea AI forecasts have shown 97% accuracy and help maximize revenues with the right bid matched to available fleet capacity.
June 23, 2023 | 11:28 am
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POSITIVE IMPACT
Nuvve's Astrea AI technology optimizes revenue from ancillary services to Nordic transmission system operators, with 97% accuracy in forecasts.
Nuvve's launch of Astrea AI technology is expected to have a positive short-term impact on its stock price. The technology's 97% accuracy in forecasting prices and capacity for Nordic primary reserves will help maximize revenues and optimize energy market bids. This innovation is likely to attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100