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Nuvve Unveils Groundbreaking AC V2G Technology at Exelon Event, Leveraging SAE J3068/2

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Collaborative Demonstration of Vehicle-to-Grid Integration by Leading EV Innovators, Utilities, and Grid Operators 

NEWARK, Del., Oct. 2, 2024 /PRNewswire/ — Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in Vehicle-to-Grid (V2G) technology, showcased a major breakthrough in AC V2G solutions at an exclusive event hosted by Exelon at the Delmarva Power New Castle Regional Office. This event demonstrated Nuvve’s ability to provide scalable and practical solutions that meet the growing demand for grid-stabilizing technologies, a critical component for the global transition to clean energy. 

Nuvve deployed its 3-phase Nuvve PowerPort3 Ultra chargers, allowing Ford Mach-E EVs to deliver grid services while parked, highlighting the practical benefits of AC bi-directional power flow as defined by SAE J3068/2. These innovations align with stringent safety and regulatory requirements, setting Nuvve ahead of industry peers in terms of technological capability and compliance. 

“The ability to harness EVs for grid support provides both i revenue opportunities through energy markets and positions Nuvve as a key player in transforming the global energy landscape,” said Gregory Poilasne, CEO of Nuvve. “Our leadership in this space continues to unlock new value for Nuvve as we pave the way for scalable V2G deployments worldwide.” 

According to Future Market Insights Inc., the global Vehicle-to-Grid (V2G) market is projected to grow significantly, reaching USD 34.7 billion by 2034, with a compound annual growth rate (CAGR) of 22.7% from 2024 to 20341. This surge is driven by the rapid adoption of electric vehicles (EVs), the need to optimize energy infrastructure, and increased demand for grid stabilization and energy storage. Nuvve is positioned to capture a significant share of this market through its innovative, scalable solutions. 

Nuvve’s proprietary GIVe™ aggregator software plays a pivotal role in combining multiple EVs into a unified V2G power resource, ensuring the integration of EVs into the grid is both seamless and efficient. Hamza Lemsaddek, Nuvve’s Vice President of Technology and Astrea AI, commented: 
“This demonstration is a testament to our commitment and investment in R&D since Nuvve’s inception. AC V2G leveraging SAE J3068/2 represents a significant advancement, showcasing reliable, low-cost, and scalable technologies that allow V2G to expand while meeting stringent safety and regulatory requirements. We’re excited to be at the forefront of enabling energy resilience and equity through electrified transportation.” 

The project highlights Nuvve’s ability to scale, with significant opportunities for Nuvve and its customers to generate recurring revenue streams while contributing to grid stability. As grid stabilization and energy storage become critical in the modern energy landscape, stakeholders stand to benefit from the broad deployment of V2G technologies and additional revenue streams through services like grid balancing and resource flexibility. 

Nuvve’s strategic leadership in complying with FERC Order 2222 further solidifies its position to capture value from distributed energy resources (DERs). The event featured a demonstration led by Hamza Lemsaddek and Gregory Poilasne, showcasing how this AC V2G technology works in real-world conditions. Attendees, including top Exelon executives and federal representatives, witnessed firsthand the commercial and technological potential of Nuvve’s solutions. 

Nuvve’s involvement in this project reaffirms its leadership in advancing EV infrastructure, while also creating a sustainable, resilient energy future. Over the coming year, the performance of these V2G-enabled Ford Mach-E vehicles will be closely monitored to assess their dual roles as fleet vehicles and grid assets, providing long-term value creation for the company and customers. 

About Nuvve Holding Corp. 

Founded in 2010, Nuvve Holding Corp. (Nasdaq: NVVE) has successfully deployed vehicle-to-grid (V2G) technology across five continents. The company provides turnkey electrification solutions for fleets, leading the transition to clean energy by transforming EVs into mobile energy storage units. Nuvve’s headquarters are in San Diego, Calif., and more information is available at nuvve.com. 

Nuvve Press Contact press@nuvve.com 
+1 (619) 483-3448 

1 Future Market Insights “Vehicle-to-grid Market Outlook from 2024 to 2034” June 2024

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SOURCE Nuvve Holding Corp.

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Loto-Québec joins forces with the Université de Sherbrooke to secure the digital future

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MONTRÉAL, Oct. 2, 2024 /CNW/ – Loto-Québec is proud to announce its support for the Université de Sherbrooke’s cybersecurity expertise centre. Intact Financial Corporation and Sherweb, along with several university specialists, participate in this centre, which is a significant step in the fight against increasing cyberthreats.

With the pivotal role digital technology plays in our lives and the unprecedented speed at which information moves, cybersecurity has become a top priority for all major organizations. Since integrity sits at the core of its operations, Loto-Québec contributes to digital security research by supporting the creation of the Research Chair in Post-Quantum Cybersecurity.

“We’re very proud to collaborate with the Université de Sherbrooke in this leading-edge project. I’m especially sensitive to the challenges and viewpoints of the digital industry, having worked in the field of information technology in the past. For Loto-Québec, this partnership is a tangible way of supporting research to find solutions to cyberthreats, particularly those that arise from progress in quantum computing,” says Jean-François Bergeron, President and Chief Executive Officer at Loto-Québec.

Professor Marc Frappier, a renowned cybersecurity expert, leads the expertise centre, which will play a vital role in developing new approaches to protecting Québec companies, public or private, against current and future threats. Its work will directly benefit many companies and society in general.

Source and for more information:

Renaud Dugas
Spokesperson and Media Relations Director
Loto-Québec
renaud.dugas@loto-quebec.com

SOURCE Loto-Québec

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C4G Sales Professional Enrichment Podcast: Your Key to Daily Growth

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TAMPA, Fla., Oct. 2, 2024 /PRNewswire/ — C4G is excited to announce the upcoming launch of the C4G Sales Professional Enrichment Podcast, hosted by the esteemed John Kailunas II. This innovative podcast is dedicated to helping sales professionals enhance their skills and grow both personally and professionally. The series launched on October 2nd, 2024, with new episodes released every Wednesday.

The C4G Sales Professional Enrichment Podcast aims to provide listeners with practical insights across a broad range of topics essential to achieving peak performance in sales. Each episode will cover subjects including:

Prospecting techniquesEffective team buildingClient event planningStrategic exit planningFamily and community leadership

In addition to these topics, John Kailunas II will delve into many other subjects that impact the performance of sales professionals, offering valuable strategies and real-world applications.

Each session is designed to be concise yet impactful, running approximately 40 minutes, allowing busy professionals to easily integrate personal development into their daily routines. Listeners can access the podcast on major platforms, including Apple Podcasts, Spotify, Amazon, and other leading audio services.

“We believe that continuous learning is essential for success in sales,” said Kailunas. “Our goal with the C4G Sales Professional Enrichment Podcast is to provide actionable insights and inspiration that empower sales professionals to improve each day.”

Join Us on This Journey

Tune in to the C4G Sales Professional Enrichment Podcast and discover a wealth of knowledge that can transform your career and enhance your personal growth.

For more information about the podcast, please visit www.catalyst4growth.org or follow us on social media.

About C4G

C4G is committed to enriching the lives of sales professionals through innovative training, resources, and community support. Our mission is to empower individuals and organizations to reach their full potential by fostering continuous improvement and personal growth.

For more information, press only:
Samantha Kronemeyer

info@catalyst4growth.org 

For more information about the podcast:
www.catalyst4growth.org 

Contact:
John A Kailunas II
Catalyst4Growth
info@catalyst4growth.org 
616-822-8594

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SOURCE Catalyst4Growth

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Canada and Nova Scotia Announce Major Investment in Wildfire Equipment and Enhance Wildfire Resilience

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HALIFAX, NS, Oct. 2, 2024 /CNW/ – With wildfires increasing in frequency and severity across Canada — impacting our health, economies, communities and wildlife — the Governments of Canada and Nova Scotia are supporting Canadians and Nova Scotians whose lives and livelihoods are threatened by wildfires.

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, with the Honourable Tory Rushton, Minister of Natural Resources and Renewables, announced a joint investment of nearly $30 million over five years under the Government of Canada’s Fighting and Managing Wildfires in a Changing Climate Program (FMWCC) – Equipment Fund and the Resilient Communities through FireSmart (RCF) Program.

A joint investment of $25.6 million through the FMWCC – Equipment Fund is supporting Nova Scotia’s efforts to purchase wildfire firefighting equipment such as helicopters, fire trucks, communication vehicles, incident command trailers, weather monitoring stations, technology upgrades, personal protective equipment and more. This investment increases Nova Scotia’s response capacity by buying and upgrading specialized firefighting equipment and training more personnel to support surge capacity needs. This investment will further enhance safety for communities and firefighters and improve wildfire resource sharing across Canada.

This funding also builds on last year’s contribution of $169,292 to the Canadian Interagency Forest Fire Centre (CIFFC) to deliver wildfire firefighter training to Indigenous participants from several Mi’kmaq communities throughout Nova Scotia. The contribution came from Natural Resource Canada’s (NRCan) FMWCC – Training Fund, which provides support primarily to Indigenous communities and organizations to train firefighters and increase NRCan’s understanding of the needs and barriers in this space. Staff from the CIFFC and the Nova Scotia Department of Natural Resources and Renewables have delivered this training to 21 Mi’kmaw firefighters in 2023.

Through the RCF Program, Nova Scotia and NRCan will invest up to $3.9 million over five years aimed at preparing for wildfires, reducing risks before they occur and expanding the adoption of FireSmart principles and practices in Nova Scotia. With this funding, Nova Scotia will deliver educational and awareness activities related to wildfire prevention and community-based risk reduction. Nova Scotia is also using the funding to increase capacity to conduct wildfire risk assessments and develop tools to support wildfire prevention and mitigation. This initial investment is part of a series of joint investments aimed at supporting provincial and territorial efforts to advance FireSmart principles and practices to prevent wildfires and mitigate their impacts.

While reinforcing our country’s ability to respond to wildfires when they occur is essential, proactive investment will also help reduce risks before a wildfire happens. The federal government has invested in both areas by supporting fire agencies across the country to better prepare for and respond to wildfires and by implementing community-level measures to prevent and reduce the impacts of wildfires.

Keeping Canadians safe and healthy is a top priority for the Governments of Canada and Nova Scotia. By working with provinces, territories, Indigenous communities and international allies, the federal government continues to address and support the fight against wildfires to protect Canadian lives, as well as the health, safety, homes and livelihoods of our communities across the country.

Quotes

“The Government of Canada is providing provinces, territories and partners with the support they need to address the challenges posed by wildfires. Today’s announcement with the Government of Nova Scotia highlights our commitment to working together to mitigate and respond to wildfires through the FMWCC Program and the promotion of FireSmart Canada as a national program. Through tangible and fast-flowing funding, the Government of Canada is helping for future challenges and longer, more intense wildfire seasons.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“We had our worst wildfire season in recorded history last year, and we don’t want to ever see that kind of devastation again. We know that wildfire is one of our top climate change risks, and we’re taking action to both prevent and prepare for them. Through agreements with our federal partners, we’re investing in equipment — including replacing our fleet of four helicopter water bombers — and we’re stepping up our prevention measures to help keep our people and our communities safe.”

The Honourable Tory Rushton
Minister of Natural Resources and Renewables.

Quick Facts

The FMWCC – Equipment Fund was launched in 2022 to proactively invest in and support provincial and territorial fire agencies’ efforts in strengthening fire management capacities and capabilities across the country. By facilitating the purchase of firefighting equipment, such as fire crew trucks and personal protective equipment, the fund aims to increase capacity to respond to wildfires.Under Natural Resources Canada’s FMWCC – Equipment Fund, provinces and territories must cost-share investments with the Government of Canada for equipment, such as vehicles, mobile units, avionics upgrades (parts), hoses, pumps and enhanced communications equipment, and for the repair of aging equipment and training.The FMWCC – Training Fund is providing $28 million over five years, starting in 2022–23, to train 1,000 firefighters and incorporate traditional knowledge in fire management. The fund includes a two-year Wildfire Training Pilot that ended in 2023–24 valued at $8.2 million, resulting in a total of 10 projects that mainly supported Indigenous organizations and communities. Over the next three years, starting in 2024–25, the Wildfire Training Fund has $16.8 million available to support successful applicants under the Call for Applications, which ended in February 2024.FireSmart Canada, a national program within the CIFFC, empowers Canadians to increase neighborhood resilience to wildfires and minimize their negative impacts. It offers resources, programs and recommendations designed to help individuals, landscape planners, forest managers and others protect homes and communities from wildfires.Visit Canada.ca/wildfires for a complete list of links to various federal supports for individuals impacted by wildfires.

Related products

Canadian Wildland Fire Information System: Monthly and Seasonal ForecastsCanadian Wildland Fire StrategyFighting and Managing Wildfires in a Changing Climate ProgramWildFireSat: Enhancing Canada’s ability to manage wildfiresWildfire Resilient Futures InitiativeWildfires -– Canada.caCanada’s National Adaptation Strategy: Building Resilient Communities and a Strong Economy

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SOURCE Natural Resources Canada

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