SAN DIEGO, May 4, 2016 /PRNewswire/ -- Nuvve's GIVe™ Platform based on the work done by Prof. Willett Kempton at the University of Delaware has not only been approved by TenneT in order to participate in the frequency regulation market, but it has also been aggregating more than 19,000 electric vehicle charging stations since January 2016, adjusting instantaneously the charging rate of thousands of EVs at any one time based on each vehicle status.
In the Netherlands, Nuvve has been working closely with its local partner, The New Motion. By managing the large infrastructure of charging stations from The New Motion into TenneT's frequency regulation market, Nuvve's GIVe™ platform is demonstrating its capability to adjust to different configurations and proves that large scale aggregation works. Nuvve delivers key grid services such as frequency regulation (primary reserve) as well as provides load management services.
"We are extremely excited to be able to demonstrate the capabilities of our platform, the flexibility of its implementation and its scalability", says Prof. Willett Kempton, Nuvve's CTO. "The key strength of our platform is to provide multiple services synergistically. This is a key entry point in very large markets and we will establish Electric Vehicle aggregation leadership across Europe, and soon in many other places around the world", says Gregory Poilasne, Nuvve's Chairman and CEO.
About Nuvve: NuvveCorp. is a San Diego based company, whose mission is to lower the cost of electrical vehicle (EV) ownership while supporting the integration of renewable energy sources, such as wind and solar. Our Grid Integrated Vehicle platform GIVe™transforms EVsinto grid assets when charging while guaranteeing the expected level of charge when the vehicle owner needs it. The aggregation of thousands of electric vehicles into a virtual power plant using the GIVeplatform, allows Nuvveto participate in electricity markets with a power capacity comparable to traditional generators. Based on "Vehicle To Grid" technology or "v2g" the GIVeplatform gives benefits to public organizations, businesses and homes by reducing the cost of electric infrastructure and reducing CO2 emissions. www.nuvve.com
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SOURCE Nuvve Corp.