Financial Data and Key Metrics Changes - In Q1 2024, total revenues were $780,000, a decrease from $1.85 million in Q1 2023, primarily due to reduced charger hardware sales impacted by EPA funding timing [13] - Margins on product and service revenues improved to 34.7% in Q1 2024 from 21.2% in the same period last year, attributed to a higher mix of service revenues and improved pricing on hardware sales [13] - Net loss attributable to common stockholders decreased to $6.7 million in Q1 2024 from $7.7 million in Q1 2023, mainly due to lower operating expenses [15] Business Line Data and Key Metrics Changes - The school bus business remains a key revenue driver, with expectations for revenue to be lumpy due to the timing of EPA funding [5] - The company has signed a contract for a $16 million project with Fresno Economic Opportunities Commission, expected to be recognized over the next 24 months [6][7] - A partnership with e-Formula for a project in Taiwan includes over 90 charging stations, enhancing future project opportunities [8] Market Data and Key Metrics Changes - Megawatts under management increased by 6% from Q4 2023 to 26.6 MW in Q1 2024, and a 45.4% increase compared to Q1 2023 [18] - The hardware and service backlog reached a record $19 million, up from $3.9 million at the end of 2023, driven by the Fresno project [18] Company Strategy and Development Direction - The company is focused on expanding its business and smoothing revenue through key projects, particularly in the school bus sector supported by EPA funding [5][6] - The integration of electric vehicles into the electric system is emphasized, with the GIVe platform managing both EV and stationary storage [9][10] Management's Comments on Operating Environment and Future Outlook - The management acknowledges a tough global environment in the electric vehicle space but remains optimistic about the school bus business picking up in Q2 and Q3 [4][20] - Expectations for 2024 revenue remain between $15 million to $20 million, with ongoing execution of business plans [12][20] Other Important Information - Operating costs, excluding cost of sales, decreased to $7.5 million in Q1 2024 from $8.3 million in Q1 2023, reflecting continued efficiency improvements [14] - Cash as of March 31, 2024, was approximately $5.3 million, an increase of $3.7 million from December 2023, due to a net capital raise [15][16] Q&A Session Summary Question: What do you think a normalized year-end inventory level could be? - Management believes inventory levels can decrease by a couple of million dollars by year-end, depending on order delivery timing [22][23] Question: Can you provide notable dates for EPA rounds in Q2 and Q3? - Management indicated that the timing of announcements will depend on school districts, with no specific dates available [25][26]

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 ...