Green technology company Nuvve Holding Corp. has announced the launch of its new vehicle-to-grid (V2G) electric vehicle (EV) charging hubs (V2G hubs) that are designed to deliver Transportation-as-a-Service (TaaS) for commercial EV fleets and enhance grid resiliency.
The V2G hub model is intended to centralize renewable energy generation, bidirectional EV charging stations, and a suite of EV services while providing financing options to purchase EVs, according to a news release from Nuvve. This combination of centralized charging infrastructure and end-to-end fleet support services will reportedly make it easier for light-, medium-, and heavy-duty fleets to electrify their vehicles by reducing upfront capital costs.
“Electrifying fleets is critical to achieving our nation’s net-zero energy goals as the sector accounts for 20% of all transportation greenhouse gas (GHG) emissions while comprising less than 10% of vehicles on the road,” said Gregory Poilasne, chairman and CEO of Nuvve. “Many fleet owners want to electrify, but high upfront cost and concerns about charging infrastructure are slowing down adoption. Our global V2G hubs and TaaS model is a strategic way of resolving both of those challenges while maximizing the value of these vehicles by better harnessing renewable energy and reducing load on the grid.”
The V2G hubs and associated TaaS model will focus on fleets offering last-mile delivery, ride hailing and ride sharing, municipal services, and student transportation, according to the green technology company. The first application, which is expected to serve electric school buses, is based on existing commercial deployments and agreements between Nuvve and its V2G ecosystem partners to help achieve the objectives of President Biden’s infrastructure plan, including its commitment to electrifying America’s school buses.
Nuvve's TaaS offering will allow organizations to electrify their transportation by paying a monthly fee that covers leasing EVs, charging infrastructure, energy costs, vehicle storage, and vehicle maintenance, according to the company.
The V2G hubs also resolve limitations with utilities related to multiple interconnections to the electric grid by small energy storage systems, such as V2G EVs. By creating a set of hubs within a geographic area with large connections to the grid — on the order of two to 50 megawatts — Nuvve will enable access to energy for its customers while delivering services to energy markets through the company’s virtual power plant (VPP) and grid experience.
The V2G hubs will feature Nuvve’s V2G EV charging technology, which manages the charging and discharging of parked EV batteries while also prioritizing vehicle and driver considerations — including battery health and charging needs, according to Nuvve. The company’s system can reportedly combine energy from multiple EV batteries to form VPPs to sell energy back to the grid and provide services that help with grid stability, predictability, and resiliency.
As Nuvve advances with its V2G hubs and TaaS offering, Poilasne added in the news release that the company’s goal is to have an initial deployment near its headquarters in Southern California.
In March, school bus manufacturer Blue Bird Corp. announced that it had delivered the first operational electric DC fast charge school bus equipped with Nuvve’s V2G technology. The bus, which was delivered to the City of Pekin in Illinois, is reportedly the first of its kind in North America.