10:10 AM EST - Nuvve Holding Corp. : Announced it has been awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico’s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals. Nuvve estimates this contract’s total addressable market (TAM) for the SONM’s fleet electrification and supporting infrastructure to be approximately $400 million. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico. Nuvve is expected to announce the first project by the end of Q2. “New Mexico’s commitment to decarbonization and grid modernization aligns perfectly with Nuvve’s mission to integrate vehicle electrification with clean energy solutions while keeping the cost of energy equitable,” said Gregory Poilasne, CEO and founder of Nuvve. “We are driving meaningful progress for communities statewide and accelerating the transition to sustainable transportation while modernizing the grid.” Nuvve Holding Corp.
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Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=NVVE&qmodStoryID=7665331232025163
