UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40296 NUVVE HOLDING CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | --- | ...

Exhibit 99.1 Nuvve Provides First Quarter 2024 Financial Update Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) SAN DIEGO, May 14, 2024 /PRNewswire/— Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, today provided a fi ...

Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) SAN DIEGO, May 14, 2024 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, today provided a first quarter 2024 update.   First Quarter Highlights and Recen ...

Core Insights - Nuvve Holding Corp. is set to provide its first quarter 2024 financial update on May 14, 2024, at 5:00 PM Eastern Time [1][2] - The company specializes in vehicle-to-grid (V2G) technology, enabling electric vehicle batteries to store and resell unused energy back to the local electric grid [1][3] Company Overview - Nuvve is a global technology leader focused on accelerating the electrification of transportation through its proprietary V2G platform [3] - The company's mission is to reduce the cost of electric vehicle ownership while facilitating the integration of renewable energy sources such as solar and wind [3] Conference Call Details - The conference call will review financial results and other company developments, available via a live webcast on Nuvve's investor relations website [2]

Core Viewpoint - Nuvve Holding Corp and Guangzhou Great Power Energy and Technology Corporation have formed a strategic partnership to enhance stationary storage battery deployments and their integration with the grid, aiming to accelerate the electrification of transportation and improve energy management solutions [1][2]. Group 1: Partnership Objectives - The partnership aims to combine Great Power's stationary batteries with electric vehicle charging infrastructure to create significant product differentiation and market advantage [2]. - Nuvve will serve as the preferred energy manager and flexibility aggregator for Great Power solutions, enhancing the value proposition for customers [3]. - Both companies share mutual interests in accelerating vehicle electrification, providing energy management software, and unlocking new savings and revenue sources for customers [3]. Group 2: Technological Integration - Nuvve's GIVe™ platform will transform electric vehicles and stationary batteries into grid-integrated energy storage resources, optimizing energy usage and supporting renewable energy integration [2][4]. - The integration of Great Power battery solutions with Nuvve's energy management system (EMS) and GIVe platform is expected to be completed by Q3 2024 [5]. Group 3: Economic Impact - The partnership is projected to enhance the US supply chain and bolster local economies, supporting the U.S. in maintaining a competitive edge in green technology globally [6]. - Initial deployments include projects in San Diego and Fresno, with plans for a combined project pipeline across North America, Europe, and Asia [6]. Group 4: Cost Savings and Efficiency - Nuvve's techno-economic modeling indicates that customers, particularly in high energy rate areas, could save up to 40% or more on their energy bills by utilizing Nuvve's battery energy storage systems [4].

Core Viewpoint - Nuvve Holding Corp. has launched upgraded PowerPort Electric Vehicle Supply Equipment (EVSE) models that comply with critical industry standards and regulations, enhancing their commitment to innovation and domestic manufacturing [1][2][3] Group 1: Product Details - The new PowerPort Neo models include: - Single-phase Single Connector PowerPort, Model EVSE-B-P1-T1-H1-A080 - Single-phase Dual Connectors PowerPort, Model EVSE-B-P1-T1-H2-A080 - Three-phase Single Connector PowerPort, Model EVSE-B-P3-T2-H1-A063 [2] - These models meet the requirements of the Buy America, Build America Act (BABA) and the Buy American Act (BAA), ensuring they are manufactured in the United States [2] Group 2: Compliance and Quality - Nuvve's PowerPort Neo models are designed to align with ISO 15118 hardware standards, qualifying for more utility Approved Product Lists (APL) [2] - The company emphasizes strict quality control measures to maintain high standards of quality and reliability in its electric vehicle charging equipment [2] Group 3: Commitment to Domestic Manufacturing - Nuvve reaffirms its dedication to advancing domestic manufacturing and economic growth in the U.S. through adherence to regulatory standards and excellence in product development [3] - The company aims to support the integration of renewable energy sources while lowering the cost of electric vehicle ownership [4]

Financial Data and Key Metrics Changes - In Q4 2023, total revenues were $1.64 million, up from $1.15 million in Q4 2022, attributed to increases in product and service revenues [13] - For the full year 2023, total revenues reached $8.3 million, a 55.1% increase from $5.4 million in 2022 [15] - Net loss attributable to common stockholders decreased to $7.52 million in Q4 2023 from $7.86 million in Q4 2022 [14] - Full year net loss increased to $32.2 million from $24.9 million in 2022 [17] Business Line Data and Key Metrics Changes - Product and service revenues for Q4 2023 included approximately $1.1 million from sales of DC and AC chargers and $0.2 million from grid service revenues [13] - Margins on product and service revenues were 24% in Q4 2023, down from 32.7% in Q4 2022, primarily due to a change in sales mix [14] - Megawatts under management increased by 18.2% in Q4 2023 and by 44.6% for the full year [5][18] Market Data and Key Metrics Changes - Grid service revenues grew by 8% in Q4 2023 and by 87% for the full year [6] - The potential revenue opportunity for grid services ranges from $85 to $300 per kilowatt annually in key markets [6] Company Strategy and Development Direction - The company is focusing on scaling its business and expanding its partnerships, particularly in the Japanese stationary battery market [7][10] - Nuvve is investing in AI technology to enhance its offerings and optimize energy management [8] - The company aims to reach $15 million to $20 million in revenue for 2024, supported by a strong backlog and ongoing projects [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about overcoming supply chain challenges and expects continued growth momentum into 2024 [5][12] - The company anticipates an acceleration in megawatts under management and increased grid service revenues in 2024 [19] Other Important Information - The company raised $9.6 million in new capital in Q1 2024 to support major projects and improve its cash position [11][18] - A dedicated website for V2G hubs has been launched to provide information and updates on ongoing projects [10] Summary of Q&A Session - There were no questions during the Q&A session, and the call concluded without further inquiries [20]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40296 NUVVE HOLDING CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 86-1617000 (State or o ...

Exhibit 99.1 Nuvve Provides Fourth Quarter and Full Year 2023 Financial Update Investor Conference Call to be Held Today at 5:00 PM Eastern Time (2:00 PM PT) SAN DIEGO, CA - March 28, 2024 — Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform designed to enable electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, tod ...

Core Viewpoint - Nuvve Holding Corp. is set to announce its annual financial results on March 28, 2024, and will conduct a conference call to discuss these results [1]. Group 1: Company Overview - Nuvve Holding Corp. (Nasdaq: NVVE) is a global technology leader focused on accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform [3]. - The company's mission is to reduce the cost of electric vehicle ownership while facilitating the integration of renewable energy sources such as solar and wind [3]. Group 2: Conference Call Details - The conference call will take place at 5 PM ET (2 PM PT) on March 28, 2024, with a press release detailing the financial results to be issued after market close on the same day [1]. - Participants can register and listen to the call via a live webcast available on Nuvve's investor relations website, and a replay will be accessible for future reference [2].