California Energy Commission Awards Nuvve $1.9M Grant For Innovative Vehicle-To-Microgrid Project
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. (NASDAQ:NVVE) has been proposed a grant of $1.9M by the California Energy Commission (CEC) for its RESCHOOL project. The project aims to demonstrate the potential of electric school buses and bi-directional charging infrastructure in enhancing the resilience of California's power grid. The grant will fund the initial phase of the project, which includes plans to produce a scalable model for other California school districts to implement their own zero-emission and bi-directional infrastructure.
October 06, 2023 | 1:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nuvve's RESCHOOL project, funded by a proposed $1.9M grant from the CEC, aims to enhance California's power grid resilience. This could potentially boost Nuvve's reputation and market position in the clean energy sector.
The grant from the CEC for the RESCHOOL project could enhance Nuvve's reputation as a leader in clean energy solutions. This could potentially attract more partnerships and customers, leading to increased revenues and a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100