SAN DIEGO, US-headquartered Nuvve Holding Corp., a vehicle-to-grid (V2G) technology platform provider, has announced a strategic expansion of its business focus to include stationary energy storage systems and microgrids, while continuing development of its V2G technology.
The San Diego-based company informed stakeholders of the shift during its third-quarter 2025 earnings call and through a letter to stockholders, positioning the move as a response to faster-growing and more mature energy markets with near-term revenue opportunities. Nuvve said its growth strategy is now “firmly centered” on energy storage and microgrids in Northern Europe, the United States, Japan and South Korea- regions experiencing rapid electrification and increasing demand for distributed energy resources.
“V2G remains an important long-term opportunity, yet the market adoption for stationary energy storage and microgrids is happening now. This strategic shift allows us to deploy our proven technology into markets with immediate revenue potential,” said Gregory Poilasne, chief executive officer of Nuvve.
During the earnings call, the company disclosed it currently has 200 kW of stationary storage under management and is developing three battery energy storage projects of 2 MW each in Denmark. Poilasne said the company anticipates its stationary battery pipeline becoming a larger portion of its business across North America, Europe and Japan.
Nuvve’s technology platform was originally developed to deliver grid services through the aggregation of electric vehicle batteries. In May, the company acquired “substantially all” of the net assets of V2G platform provider Fermata Energy. Nuvve stated that the platform’s ability to manage highly distributed, dynamic and unpredictable assets can be applied directly to stationary battery storage and microgrid applications.
Poilasne said the company has “consolidated its long-term vision into a cohesive strategy centered on affordability, equity, and scalable grid solutions”.
The shift comes amid broader changes in the US energy market, where several companies have moved away from an exclusive focus on electric vehicles as federal incentives have been reduced. At the same time, energy storage has gained momentum as a source of more predictable and faster-paced revenue.
Nuvve said it will continue supporting V2G innovation while deploying its technology into stationary energy storage and microgrid markets with immediate commercial potential.
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