Nuvve enters into strategic partnership with Swell Energy

• Cleantech company Nuvve (NASDAQ:NVVE) has entered into a strategic partnership with grid services company Swell Energy to offer combined solar, stationary battery storage, and intelligent EV charging solution for residential and commercial markets.
• The companies aim to advance distributed energy resource (DER) management technology in both markets markets.
• As an initial target, 2 MW of capacity from existing Swell utility contracts will be made available for Nuvve to access in 2022 with opportunities for significant growth in the near future.
• Integrating Nuvve EV resources with Swell's virtual power plants will provide the grid with flexibility and allows Nuvve to earn grid service revenue.