{"id":817537,"date":"2025-02-25T08:34:26","date_gmt":"2025-02-25T13:34:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/"},"modified":"2025-02-25T08:34:26","modified_gmt":"2025-02-25T13:34:26","slug":"nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/","title":{"rendered":"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development<\/b><\/p>\n<p>SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnuvve.com&amp;esheet=54213853&amp;newsitemid=20250225001770&amp;lan=en-US&amp;anchor=Nuvve+Holding+Corp.+%28NASDAQ%3A+NVVE%29&amp;index=1&amp;md5=603ddd72633044aab6b6c47d9ab36854\">Nuvve Holding Corp. (NASDAQ: NVVE)<\/a>, a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced it has been awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico\u2019s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals. Nuvve estimates this contract\u2019s total addressable market (TAM) for the SONM\u2019s fleet electrification and supporting infrastructure to be approximately $400<sup>1<\/sup> million. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico. Nuvve is expected to announce the first project by the end of Q2.<\/p>\n<p>\n\u201cNew Mexico\u2019s commitment to decarbonization and grid modernization aligns perfectly with Nuvve\u2019s mission to integrate vehicle electrification with clean energy solutions while keeping the cost of energy equitable,\u201d said Gregory Poilasne, CEO and founder of Nuvve. \u201cWe are driving meaningful progress for communities statewide and accelerating the transition to sustainable transportation while modernizing the grid.\u201d<\/p>\n<p>\nThe contract will advance New Mexico\u2019s \u201cVehicles as a Service\u201d (VaaS) program, designed to facilitate fleet electrification through:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Turnkey EV Charging Solutions<\/b> \u2013 Deployment of advanced EV charging infrastructure, operations, and data management.\n<\/li>\n<li><b>Vehicle-to-Grid (V2G) and Microgrid Development<\/b> \u2013 Scalable solutions integrating V2G-capable fleets, stationary battery storage, and solar energy to reduce costs and enhance grid resilience.\n<\/li>\n<li><b>Corridor Charging Stations<\/b> \u2013 Establishing key EV charging sites along state highways for inter-city travel.\n<\/li>\n<li><b>EV Leasing and Infrastructure Financing<\/b> \u2013 Providing innovative financial models to streamline fleet conversion.\n<\/li>\n<li><b>Asset Transition and Management<\/b> \u2013 Purchasing and retiring internal combustion engine (ICE) vehicles, ensuring efficient fleet turnover.\n<\/li>\n<\/ul>\n<p>\n\u201cThese agreements play a crucial role in fulfilling the objective of Gov. Michelle Lujan Grisham\u2019s executive order to transition our state fleet to zero emissions,\u201d <b>said NMDOT Cabinet Secretary, Ricky Serna<\/b>. He continued, \u201cThese contracts ensure that state fleets transition to cleaner technology in a manner that is both efficient and economically viable.\u201d<\/p>\n<p>\nNuvve\u2019s proven track record of successful deployments, customer experience, and its freedom to operate were key factors in SONM\u2019s selection. Nuvve\u2019s partnership with the State of New Mexico establishes a forward-thinking framework for large-scale EV adoption and renewable energy integration.<\/p>\n<p>\n\u201cNuvve continues to lead in deploying real-world, scalable solutions for the benefit of both our customers and the utility grid,\u201d said Ted Smith, President and COO of Nuvve. \u201cWe believe this deployment provides New Mexico with best-in-class technology, financing, and implementation strategies while ensuring the state meets its sustainability goals without compromising operational efficiency.\u201d<\/p>\n<p>\nThe Nuvve team is now working on finalizing the contracts with its key project partners that will be announced in the near future.<\/p>\n<p><b>About Nuvve<\/b><\/p>\n<p>\nFounded in 2010, Nuvve Holding Corp. (Nasdaq: NVVE) has successfully deployed vehicle-to-grid (V2G) on five continents, offering turnkey electrification solutions for fleets of all types. Nuvve combines the world\u2019s most advanced V2G technology and an ecosystem of electrification partners, delivering new value to electric vehicle (EV) owners, accelerating the adoption of EVs, and supporting a global transition to clean energy. Nuvve is making the grid more resilient, transforming EVs into mobile energy storage assets, enhancing sustainable transportation, and supporting energy equity in an electrified world. Nuvve is headquartered in San Diego, Calif., and can be found online at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fnuvve.com&amp;esheet=54213853&amp;newsitemid=20250225001770&amp;lan=en-US&amp;anchor=nuvve.com&amp;index=2&amp;md5=0ff15539d8e5e88ec7d462e661467aa6\">nuvve.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the projected revenue growth and discussion of other select financial results, the successful expansion of Nuvve in new markets, the impact of certain events on Nuvve&#8217;s business, and Nuvve&#8217;s ability to grow and to capitalize on certain strategic opportunities, the realization of any benefits from Nuvve\u2019s partnership with SONM, the size of the potential total addressable market relating to the SONM contract, the timing and amounts of revenues received under the SONM contract, if any, and the timing an benefits received from the closing of any projects under the arrangement. These forward-looking statements are based on Nuvve&#8217;s current expectations, estimates and projections about its business and industry, management&#8217;s beliefs, and certain assumptions made by Nuvve, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as &#8220;achieve,&#8221; &#8220;aim,&#8221; &#8220;ambitions,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;committed,&#8221; &#8220;continue,&#8221; &#8220;could,&#8221; &#8220;designed,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;forecast,&#8221; &#8220;future,&#8221; &#8220;goals,&#8221; &#8220;grow,&#8221; &#8220;guidance,&#8221; &#8220;intend,&#8221; &#8220;likely,&#8221; &#8220;may,&#8221; &#8220;milestone,&#8221; &#8220;objective,&#8221; &#8220;on track,&#8221; &#8220;opportunity,&#8221; &#8220;outlook,&#8221; &#8220;pending,&#8221; &#8220;plan,&#8221; &#8220;position,&#8221; &#8220;possible,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;progress,&#8221; &#8220;promises,&#8221; &#8220;roadmap,&#8221; &#8220;seek,&#8221; &#8220;should,&#8221; &#8220;strive,&#8221; &#8220;targets,&#8221; &#8220;to be,&#8221; &#8220;upcoming,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. These risks are described under the &#8220;Risk Factors&#8221; section included in Nuvve&#8217;s most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54213853&amp;newsitemid=20250225001770&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=6716fcd9a458e5ec6c13dd266437aa2a\">www.sec.gov<\/a>). Nuvve cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Nuvve assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.<\/p>\n<p>\n____________________<\/p>\n<p><sup>1<\/sup> Represents the estimated potential total addressable market based on certain New Mexico state records and archives, a portion of which may utilize the contract awarded to Nuvve.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250225001770r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250225001770\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250225001770\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact:<br \/>\n<br \/>Wes Robinson<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:wrobinson@olmsteadwilliams.com\">wrobinson@olmsteadwilliams.com<br \/>\n<\/a><br \/>310.824.9000<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California New Mexico<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Automotive Vehicle Technology Automotive Manufacturing Logistics\/Supply Chain Management Public Policy\/Government Manufacturing General Automotive Environment Construction &amp; Property Public Transport Other Transport Trucking Urban Planning Green Technology Transport Fleet Management EV\/Electric Vehicles Alternative Vehicles\/Fuels State\/Local Environmental Policy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250225001770\/en\/2391518\/3\/UPDATED_Nuvve_vemarkforest.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Nuvve Holding Corp. (NASDAQ: NVVE), a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced it has been awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico\u2019s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals. Nuvve estimates this contract\u2019s total addressable market (TAM) for the SONM\u2019s fleet electrification and supporting infrastructure to be approximately $4001 million. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico. Nuvve is expected to announce the first project by the end of Q2. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-817537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Nuvve Holding Corp. (NASDAQ: NVVE), a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced it has been awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico\u2019s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals. Nuvve estimates this contract\u2019s total addressable market (TAM) for the SONM\u2019s fleet electrification and supporting infrastructure to be approximately $4001 million. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico. 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(NASDAQ: NVVE), a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced it has been awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico\u2019s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals. Nuvve estimates this contract\u2019s total addressable market (TAM) for the SONM\u2019s fleet electrification and supporting infrastructure to be approximately $4001 million. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico. Nuvve is expected to announce the first project by the end of Q2. &hellip; Continue reading \"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-25T13:34:26+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250225001770r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development","datePublished":"2025-02-25T13:34:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/"},"wordCount":1011,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250225001770r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-awarded-state-of-new-mexico-contract-to-accelerate-ev-infrastructure-and-renewable-energy-development\/","name":"Nuvve Awarded State of New Mexico Contract to Accelerate EV Infrastructure and Renewable Energy Development - 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