Latest news with #HamzaLemsaddek
Yahoo
30-04-2025
- Automotive
- Yahoo
Nuvve acquires Fermata Energy assets to strengthen V2G capabilities
Nuvve Holding, a vehicle-to-grid (V2G) technology provider, has acquired the majority of assets from Fermata Energy, a US-based V2G platform company. The acquisition was carried out through a newly formed Nuvve subsidiary, Fermata Energy II, which will focus on scaling bidirectional energy solutions. The total transaction is valued at approximately $659,000, comprising around $340,000 in cash and the remainder in assumed liabilities. Additionally, Fermata Energy II issued 4.9 million shares of convertible preferred stock to former debt holders of Fermata Energy. Leadership of the new entity will be shared between Nuvve CEO Gregory Poilasne and Hamza Lemsaddek, who will serve as chief operating officer. Poilasne said: "By acquiring Fermata's assets, we're creating the leading platform to fully realize V2G's potential. Together, we accelerate the energy transition by making EVs integral to energy security and grid resiliency." Several former Fermata Energy employees will also join the new venture, bringing experience in V2G technology, software development, regulatory engagement, and business operations. The acquisition includes the consolidation of software platform teams and cloud infrastructure, with projected annual cost savings of approximately $2m. Fermata Energy II will develop white-label software solutions that integrate forecasting and optimisation features from Fermata with Nuvve's AI-based grid management tools. The combined entity aims to serve both electric vehicle fleet operators and utility companies with enhanced energy management capabilities, including predictive charging and load balancing services. The acquisition also brings together hardware partnerships, strengthening Nuvve's domestic manufacturing footprint. Fermata Energy founder and chairman David Slutzky added: "This partnership ensures continuity for our technology and our mission. Nuvve brings the scale, complementary capabilities, and vision to amplify Fermata's impact. I'm proud of what we've built and excited about what's ahead." This move aligns with evolving regulatory incentives, including provisions under the Inflation Reduction Act and state-level energy transition programmes, potentially broadening the market for V2G applications. Lemsaddek added: "This assets acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions. We're building an end-to-end platform that empowers fleets, utilities, and OEMs to participate in the energy transition more effectively and more profitably.' Last month, Nuvve has established a new company named NUVVE Japan for its international operations. "Nuvve acquires Fermata Energy assets to strengthen V2G capabilities" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
29-04-2025
- Business
- Business Wire
Nuvve Expands IP, Revenue, and Market Reach with Strategic Assets Acquisition of Fermata Energy
SAN DIEGO--(BUSINESS WIRE)-- Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in vehicle-to-grid (V2G) technology and grid modernization, today announced the acquisition of substantially all of the net assets of Fermata Energy LLC ('Fermata'), a leading V2G platform provider in the U.S. The assets acquisition was completed through Nuvve's newly formed subsidiary, Fermata Energy II LLC ('Fermata 2.0'), focused on scaling intelligent, bidirectional energy solutions. Fermata 2.0 acquired substantially all of the assets of Fermata and assumed certain specified liabilities. As part of the transaction, Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders. The total purchase price is approximately $659,000, consisting of approximately $340,000 in cash and the remainder in assumed liabilities. Fermata 2.0 will be jointly led by Gregory Poilasne as CEO and Hamza Lemsaddek as Chief Operating Officer, combining strategic oversight with operational execution to scale the platform and deepen customer impact. "By acquiring Fermata's assets, we're creating the leading platform to fully realize V2G's potential," said Poilasne. "Together, we accelerate the energy transition by making EVs integral to energy security and grid resiliency." Several key members of the Fermata team will join Fermata 2.0, bringing deep expertise in V2G integration, software development, OEM and utility engagement, regulatory strategy, business operations, and business development. This continuity will accelerate product roadmap execution and ensure trusted relationships are maintained. "This partnership ensures continuity for our technology and our mission," said David Slutzky, Founder and Chairman of Fermata Energy. "Nuvve brings the scale, complementary capabilities, and vision to amplify Fermata's impact. I'm proud of what we've built and excited about what's ahead." The companies will continue to support and expand existing customer and partner relationships on both sides, ensuring that long-standing collaborations with utilities, OEMs, and fleet operators are preserved and enhanced through this integration. "This assets acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions," said Lemsaddek. 'We're building an end-to-end platform that empowers fleets, utilities, and OEMs to participate in the energy transition more effectively and more profitably.' Immediate operational efficiencies include consolidating software platform teams and AWS infrastructure within Fermata 2.0, significantly reducing annual expenses by approximately $2 million. Sales synergies are emerging as Nuvve expands its hardware offerings into markets previously served by Fermata. Joint engineering and R&D initiatives will pursue innovation and collaborative grant-funded projects, further supported by the combined Nuvve and Fermata IP and engineering resources. Fermata 2.0 will deliver a new generation of white-label software solutions, combining Fermata's proven optimization and forecasting capabilities with Nuvve's advanced AI-driven grid intelligence. By integrating intelligent energy management directly into electric vehicles or offering it as a standalone service for fleet operators and utilities, Fermata 2.0 will unlock new value streams across the mobility and energy sectors. Customers will benefit from enhanced predictive charging insights, dynamic peak load minimization, and expanded grid service opportunities, powered in part by Nuvve's Astrea AI™ platform. Together, these capabilities create a more scalable, flexible, and commercially powerful solution than either company could deliver independently. The assets acquisition strengthens Nuvve's comprehensive intellectual property portfolio, diversifies market risk, and enhances its range of U.S.-built certified hardware through Fermata's established domestic manufacturer relationships, adding resilience amidst evolving tariff policies. Customers of both companies gain immediate value through access to an expanded suite of integrated hardware and software solutions, combining Nuvve's grid aggregation and virtual power plant (VPP) expertise with Fermata's specialized capabilities in distributed energy resource (DER) optimization and behind-the-meter solutions. This assets acquisition also positions Nuvve to capitalize on accelerating regulatory tailwinds such as the Inflation Reduction Act and state-level grid modernization incentives, further expanding the total addressable market for V2G applications. With more than ten years of commercial V2G deployment experience, the combined platform now offers breadth across grid services, behind-the-meter optimization, OEM integration, AI-driven software, and certified charging hardware—delivering a truly end-to-end V2G ecosystem. Looking ahead, Fermata 2.0 is positioned to play a critical role in Nuvve's growth strategy as the company expands its presence in behind-the-meter markets and strengthens its VPP services across regulated and deregulated markets alike, with potential to drive incremental revenue from new white-label licensing opportunities, expanded DER optimization contracts, and fleet electrification partnerships. It also provides a focused investment vehicle within Nuvve for scaling software-first energy services. About Nuvve Founded 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's 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 Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "aims," "anticipates," "plans," "looking forward to," "estimates," "projects," "assumes," "guides," "targets," "forecasts," "continue," "seeks" or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning Nuvve's expectations, plans, intentions, strategies, prospects, business plans, product and service offerings, new deployments, potential project successes, expected timing of recently announced projects, anticipated growth of various business areas and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). Copies of these filings are available online at or on request from Nuvve. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.
Yahoo
29-04-2025
- Business
- Yahoo
EXCLUSIVE: Nuvve Acquires Fermata Energy, Says Deal Adds Resilience Amid Evolving Tariff Policies
Nuvve Holding Corp. (NASDAQ:NVVE) on Tuesday announced the acquisition of Fermata Energy LLC, a V2G platform provider in the U.S. The acquisition was completed through Nuvve's newly formed subsidiary, Fermata II LLC (Fermata 2.0), which focused on scaling intelligent, bidirectional energy solutions. Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders as part of the transaction. The total purchase price is approximately $659,000, consisting of $340,000 in cash and the remainder in assumed intends to raise additional capital to support future operational funding needs by offering up to 25% equity in Fermata 2.0. On Monday, Nuvve launched a new wholly owned subsidiary that is investing in digital assets and blockchain ventures. The move signals a broader shift for the company as it seeks to tap into emerging technologies beyond its focus on grid modernization and vehicle-to-grid (V2G) services. Fermata 2.0 will be jointly led by Gregory Poilasne as CEO and Hamza Lemsaddek as Chief Operating Officer. Immediate operational efficiencies include consolidating software platform teams and AWS infrastructure within Fermata 2.0, significantly reducing annual expenses by approximately $2 million. Sales synergies are emerging as Nuvve expands its hardware offerings into markets previously served by Fermata. Joint engineering and R&D initiatives will pursue innovation and collaborative grant-funded projects, further supported by the combined Nuvve and Fermata IP and engineering resources. Fermata 2.0 will deliver a new generation of white-label software solutions, combining Fermata's optimization and forecasting capabilities with Nuvve's advanced AI-driven grid intelligence. The assets acquisition strengthens Nuvve's comprehensive intellectual property portfolio, diversifies market risk, and enhances its range of U.S.-built certified hardware through Fermata's established domestic manufacturer relationships, adding resilience amid evolving tariff policies. This assets acquisition also positions Nuvve to capitalize on accelerating regulatory tailwinds such as the Inflation Reduction Act and state-level grid modernization incentives, further expanding the total addressable market for V2G applications. Fermata 2.0 is positioned to play a critical role in Nuvve's growth strategy as the company expands its presence in behind-the-meter markets and strengthens its VPP services across regulated and deregulated markets alike, with the potential to drive incremental revenue from new white-label licensing opportunities, expanded DER optimization contracts, and fleet electrification partnerships. It also provides a focused investment vehicle within Nuvve for scaling software-first energy services. In February, Nuvve was awarded a $400 million contract from the State of New Mexico. Under the contract, Nuvve will provide a comprehensive, turnkey electrification solution over the next four years to support New Mexico's adoption of zero-emission vehicles and renewable energy goals. Price Action: At the last check on Tuesday, NVVE stock was trading 3% higher to $0.89 during the premarket session. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: Nuvve Acquires Fermata Energy, Says Deal Adds Resilience Amid Evolving Tariff Policies originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
30-01-2025
- Automotive
- Yahoo
Nuvve Selects Tellus as a Key Hardware Supplier for its Charging Solutions
SAN DIEGO, January 30, 2025--(BUSINESS WIRE)--Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in vehicle-to-grid (V2G) technology, today announced that it has selected Tellus Power Green, a fast-growing EV infrastructure manufacturing company, as a key supplier for its advanced charging portfolio. During a rigorous selection process, Nuvve vetted over 30 manufacturers, conducting extensive validation and reliability testing in its labs. Tellus stood out for its innovative engineering, ability to meet the stringent requirements of V2G technology, and its inclusion on most utility Approved Product Lists (APLs), ensuring its chargers qualify for incentive programs that reduce costs for customers. This partnership marks the first step in Nuvve's broader strategy to expand its supplier ecosystem to support the growing demand for electrification. "After evaluating over 30 manufacturers through a comprehensive vetting and validation process, Tellus emerged as a clear leader," said Hamza Lemsaddek, Vice President of Technology and Astrea AI at Nuvve. "Their engineering expertise and shared commitment to advancing scalable, impactful V2G solutions make them an ideal partner. While Tellus is the first new supplier we've onboarded, this partnership represents just the beginning of our efforts to collaborate with the best in the industry to drive electrification and enhance grid resiliency." Tellus Power Green offers a comprehensive range of bidirectional and unidirectional chargers, spanning 20 kW to 360 kW, engineered to support V2G and other energy applications. Known for their efficiency, reliability, and adaptability, these solutions are designed to meet the needs of fleet and infrastructure operators, providing scalable and cost-effective options for electrification. "Our high-performance chargers combined with Nuvve's industry-leading V2G platform create a game-changing solution for fleet electrification," said Reddy Marri, President of Tellus Power Green. "2025 marks a pivotal year for vehicle electrification and grid transformation, and we are thrilled to partner with Nuvve to deliver innovative solutions to communities across the U.S. and Canada." By selecting Tellus after a meticulous evaluation process, Nuvve reinforces its commitment to providing reliable, innovative, and scalable solutions for its customers. These chargers are available for orders starting today. For inquiries, email sales@ This collaboration strengthens Nuvve's ability to accelerate electrification, support fleet operators, and enhance grid resiliency while laying the groundwork for future partnerships to expand its charging portfolio. About Nuvve Founded 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's 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 About Tellus Power Green Tellus Power Green (TPG) is a fast-growing electric vehicle (EV) infrastructure manufacturing company headquartered in Laguna Hills, California. Founded in 2010, TPG specializes in developing and operating EV chargers and charging networks, offering a wide range of products and services tailored to diverse markets and charging needs. Known for its customizable hardware, TPG provides solutions designed to meet specific requirements, including support for multiple connector types and certification variants such as CE and UL. With a relentless focus on environmental stewardship and technological innovation, Tellus Power Green is proud to lead in the green energy revolution. To learn more, visit View source version on Contacts Media ContactPaulo Acuñapacuna@ 310.824.9000 Sign in to access your portfolio
