Nuvve awarded contract for EV infrastructure development in New Mexico

Nuvve Holding Corp. has secured a contract with the State of New Mexico to develop EV charging infrastructure, representing a significant step towards the state's zero-emission vehicle adoption and renewable energy targets. Nuvve will provide a turnkey solution, leveraging its expertise in vehicle-to-grid (V2G) technology through its Nuvve New Mexico subsidiary. The total accessible market for this project is estimated at $400 million, indicating a substantial investment in the state's EV infrastructure. This contract positions Nuvve as a key player in New Mexico's electrification efforts. The focus on V2G technology is particularly noteworthy, as it allows electric vehicles to contribute to grid stability and resilience, potentially unlocking new revenue streams and optimizing energy usage. The partnership with the State of New Mexico provides a strong foundation for future expansion and demonstrates the growing demand for comprehensive EV charging solutions.