Nuvve Holding Corp. and Guangzhou Great Power Energy and Technology Corporation announced a strategic partnership to accelerate stationary storage battery deployments and their integration with the grid. Great Power, established in 2001 with a vision to become a global leader in battery storage technology, recognizes the potential of combining its stationary batteries with electric vehicle charging infrastructure to offer significant product differentiation and market advantage.

By leveraging Nuvve's expertise in energy management, flexibility, monetization, and aggregation platforms, Great Power aims to expand its global footprint while enabling savings and new revenue streams for its customers. Nuvve's GIVe? platform, known for its bidirectional energy management capabilities and energy management solutions, will play a pivotal role in transforming electric vehicles and stationary batteries into grid-integrated energy storage resources.

This partnership will enable consumers, fleet operators, utilities, municipalities, and public organizations to optimize energy usage, reduce costs, and support the integration of renewable energy sources such as solar and wind. Some of the key aspects of this partnership include: Nuvve serving as the preferred energy manager and flexibility aggregator for Great Power solutions. Great Power supplying Nuvve-branded pre-validated Battery Energy Storage Systems (BESS) that are pre-integrated with Nuvve's GIVe?

platform, enhancing the value proposition for customers seeking optimized energy solutions. Mutual interests in accelerating the electrification of vehicles, providing energy management and aggregation software platforms, enhancing smart charging and V2G services, and unlocking new sources of savings and revenues for customers. The Nuvve-Great Power integrated solution will enable lower energy costs, resiliency via microgrid, and system control of charging and discharging to utility service limitations.

A key milestone of this partnership will be the completion of the integration of the Great Power battery solutions with Nuvve's EMS and GIVe platform, in Third Quarter 2024. Nuvve and Great Power will solidify the commitment of both organizations in a long-term relationship aimed at driving innovation and sustainability in the electric vehicle and renewable energy sectors by packaging a joint offer, including EV infrastructure, stationary storage, and energy management. Initial deployments include Nuvve'sRESCHOOL and Fresno projects, as well as deployments at other select school districts.

The two companies are also working on a combined project pipeline throughout North America, Europe, and Asia.