From Yahoo Finance: 2025-04-30 12:48:00

Nuvve Holding acquires Fermata Energy’s assets to enhance V2G technology offerings. Transaction valued at $659,000, with $340,000 in cash and the rest in liabilities. New entity, Fermata Energy II, to focus on bidirectional energy solutions. Leadership shared by Nuvve CEO and COO. Former Fermata Energy employees to join venture.

Acquisition includes software platform consolidation and cloud infrastructure. Projected $2m annual cost savings. Fermata Energy II to develop white-label software solutions integrating forecasting and optimization features. Aim to serve EV fleet operators and utilities with enhanced energy management capabilities. Strengthening Nuvve’s domestic manufacturing footprint.

Partnership aligns with evolving regulatory incentives, broadening V2G market. Lemsaddek emphasizes acceleration of intelligent, bidirectional energy solutions. End-to-end platform empowers fleets, utilities, and OEMs in energy transition. Nuvve’s recent establishment of NUVVE Japan for international operations. Acquisition by Nuvve to boost V2G capabilities, align with regulatory trends.

Read more: Nuvve acquires Fermata Energy assets to strengthen V2G capabilities