NUVVE acquires firm energy assets to strengthen V2G capabilities

Nuvve Holding, a network vehicle technology provider (V2G), has acquired most Fermata Energy assets, a V2G platform company based in the United States.

The acquisition was carried out through a newly formation Nuvve subsidiary, Fermata Energy II, which will focus on the climbing of two -way energy solutions.

The total transaction is valued at about $ 659,000, which includes about $ 340,000 in cash and the rest in liabilities assumed.

In addition, Fermata Energy II issued 4.9 million actions of preferred shares convertible to the former Fermata Energy Debts Holders.

The leadership of the new entity will be shared between the CEO of NUVVE, Gregory Poilasne and Hamza Lemsaddek, who will act as operational director.

Poilasne said: “By acquiring the firmly assets, we are creating the leading platform to realize the full potential of V2G. Together, we accelerate the energy transition, making the EVs integral to energy safety and network resilience.”

Several former Fermata Energy employees will also join the new company, providing experience in V2G technology, software development, regulatory commitment and business operations.

The acquisition includes consolidation of cloud software and infrastructure platforms, with an annual saving of about $ 2 million.

Fermata Energy II will develop white -tag software solutions that integrate firmly forecasting and optimization functions with the grid management tools based on NUVVE’s Ai.

The combined entity aims to serve both electric vehicle fleet operators and public service companies with improved energy management capacities, including predictive loading services and load balance.

The acquisition also brings together hardware collaborations, reinforcing Nuvve’s domestic manufacturing footprint.

The founder and president of Fermata Energy, David Slutzky, added: “This collaboration guarantees the continuity for our technology and our mission. Nuvve brings L’Escala, complementary capacities and vision to amplify the impact of firma. I am proud of what we have created and excited with what is ahead.”

This movement aligns with evolutionary regulatory incentives, including provisions under the Law of Reduction of Inflation and Energy Transition programs at the state level, potentially expanding the V2G applications market.

Lemsaddek added: “This acquisition of assets is to unify the capabilities and accelerate the deployment of smart and bidirectional energy solutions. We are building a platform from end to end that allows the fleets, public services and manufacturers to participate in the energy transition more effectively and profitably.”

Last month, Nuvve has it set up a new company Named Nuvve Japan for his international operations.

“NUVVE acquires firm energy assets to strengthen V2G capabilities” was originally created and published Automatic onlya brand of Globaldata property.

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