Nuvve Holding Corp., a global leader in vehicle-to-grid (V2G) technology and grid modernization, has announced the acquisition of substantially all net assets of Fermata Energy LLC (“Fermata”), a prominent V2G platform provider in the United States. This acquisition was completed through Nuvve’s newly established subsidiary, Fermata Energy II LLC (“Fermata 2.0”), which is dedicated to scaling intelligent, bidirectional energy solutions.
As part of the transaction, Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders. The total purchase price is approximately $659,000, which includes about $340,000 in cash and the remainder in assumed liabilities. Gregory Poilasne will serve as CEO and Hamza Lemsaddek as Chief Operating Officer of Fermata 2.0, combining strategic oversight with operational execution to expand the platform and enhance customer impact.
Key members of the Fermata team will join Fermata 2.0, bringing expertise in V2G integration, software development, OEM and utility engagement, regulatory strategy, business operations, and business development. This integration is expected to accelerate product development and maintain trusted relationships with existing clients.
Nuvve aims to deliver a new generation of white-label software solutions by combining Fermata’s optimization and forecasting capabilities with its own advanced AI-driven grid intelligence. This integration will enable intelligent energy management directly within electric vehicles or as standalone services for fleet operators and utilities, creating new value streams across the mobility and energy sectors.
The acquisition enhances Nuvve’s intellectual property portfolio, diversifies market risk, and expands its range of U.S.-built certified hardware through Fermata’s established domestic manufacturing relationships. This move also positions Nuvve to leverage regulatory incentives such as the Inflation Reduction Act and state-level grid modernization programs, thereby expanding the total addressable market for V2G applications.
Operational efficiencies from the acquisition include the consolidation of software platform teams and AWS infrastructure within Fermata 2.0, resulting in annual expense reductions of approximately $2 million. Additionally, sales synergies are anticipated as Nuvve extends its hardware offerings into markets previously served by Fermata. Joint engineering and research and development initiatives will focus on innovation and collaborative projects supported by the combined intellectual property and engineering resources of both companies.
Fermata 2.0 is expected to play a vital role in Nuvve’s growth strategy, particularly in behind-the-meter markets and virtual power plant (VPP) services across regulated and deregulated markets. The acquisition also opens opportunities for incremental revenue through new white-label licensing, expanded DER optimization contracts, and fleet electrification partnerships.
Source: Business Wire
