Nuvve Strengthens V2G Leadership Through Strategic Acquisition of Fermata Energy’s Assets
Nuvve Holding Corp. (Nasdaq: NVVE), a global pioneer in vehicle-to-grid (V2G) technologies and grid modernization, has announced a major strategic move to expand its footprint in the bidirectional energy space. The company has acquired substantially all net assets of Fermata Energy LLC (“Fermata”), one of the leading V2G platform providers in the United States. This asset acquisition, completed through a new Nuvve subsidiary—Fermata Energy II LLC (“Fermata 2.0”)—marks a transformative step toward scaling intelligent energy systems and deepening Nuvve’s leadership in the energy transition.
The acquisition positions Nuvve to accelerate innovation in distributed energy resource (DER) optimization, enhance product development capacity, and deliver advanced energy solutions to utilities, fleet operators, and OEMs.
Structure and Terms of the Acquisition
Fermata 2.0 has acquired nearly all of Fermata’s operational assets while assuming selected liabilities, signaling a targeted acquisition strategy. The consideration for the deal totals approximately $659,000, consisting of around $340,000 in cash and the remainder covered by assumed liabilities. As part of the transaction, Fermata 2.0 also issued 4.9 million shares of convertible preferred stock to the former debt holders of Fermata, further aligning interests with stakeholders and positioning the new entity for long-term growth.
The leadership structure of Fermata 2.0 will feature Nuvve’s Co-Founder and CEO Gregory Poilasne as Chief Executive Officer and former Fermata Energy executive Hamza Lemsaddek as Chief Operating Officer. This dual-leadership model blends high-level strategic vision with executional excellence, aiming to scale the newly integrated platform efficiently while expanding its reach and capabilities.
A Shared Vision for Accelerating the Energy Transition
The acquisition is built upon a shared belief in the transformative power of bidirectional electric vehicle (EV) charging to support grid stability, enhance energy security, and reduce carbon emissions. By uniting Nuvve’s AI-enabled grid services and VPP (virtual power plant) infrastructure with Fermata’s specialized expertise in DER integration and behind-the-meter energy optimization, the companies are establishing what may become the most comprehensive V2G platform in the market.
“This acquisition marks a pivotal moment for our mission to make electric vehicles a fundamental part of the energy ecosystem,” said Gregory Poilasne. “We’re bringing together two of the most experienced teams in V2G to build a platform that not only meets the demands of today’s market but defines the standard for tomorrow’s energy systems. Together, we are empowering customers to actively participate in grid services while benefiting economically from their EV investments.”
David Slutzky, Founder and Chairman of Fermata Energy, echoed this sentiment, emphasizing both continuity and strategic evolution. “This partnership ensures the legacy of our technology and mission lives on while reaching a broader market. Nuvve brings the resources, scale, and complementary vision needed to amplify the value of what we’ve built. I’m proud of the journey so far and even more excited for what lies ahead.”
Strategic Integration and Operational Synergies
One of the immediate benefits of the transaction is the consolidation of key operational areas, particularly in software development and cloud infrastructure. By integrating the software platforms and AWS environments under Fermata 2.0, the company anticipates reducing annual operating expenses by approximately $2 million, providing both efficiency and scalability.
Several core team members from Fermata will also transition into roles within Fermata 2.0, ensuring continuity across business development, regulatory affairs, software engineering, and customer engagement. This talent retention will be essential to fast-tracking the joint product roadmap, enhancing the speed at which new features and offerings are brought to market.
Sales and market expansion opportunities are already emerging. Nuvve plans to expand its hardware product line into customer segments previously served by Fermata, while both companies’ existing customers will now benefit from a broader suite of integrated solutions. These range from AI-driven predictive charging to dynamic load balancing and value stacking across various grid services.
Hamza Lemsaddek highlighted this integrative value: “This is more than a transaction—it’s a convergence of technologies, people, and purpose. We are building a fully unified V2G ecosystem capable of meeting the demands of modern grid systems and electric mobility. Through Fermata 2.0, our mission is to simplify participation in energy markets while delivering measurable ROI to our customers.”
Advancing Innovation with Astrea AI™ and New White-Label Solutions
A centerpiece of the combined platform will be the integration of Nuvve’s proprietary Astrea AI™ platform with Fermata’s proven optimization and forecasting technologies. This combination enables the delivery of next-generation, white-label software solutions tailored to the needs of fleets, utilities, and OEMs.
These intelligent systems will allow for enhanced predictive analytics, smarter energy arbitrage, dynamic peak shaving, and seamless integration with utility demand response programs. Whether deployed as embedded EV features or as external control systems, the resulting capabilities will offer unprecedented control and monetization of energy stored in vehicle batteries.
Importantly, these innovations come at a time when regulatory frameworks—at both state and federal levels—are shifting in favor of distributed energy models. The passage of the Inflation Reduction Act and various state-specific grid modernization programs provide a tailwind for growth in V2G and DER markets. Nuvve is now better equipped than ever to capture this momentum and translate it into commercial success.
A Stronger IP and Hardware Portfolio
The acquisition also boosts Nuvve’s intellectual property portfolio, expanding its technological moat in a fast-growing industry. It diversifies the company’s access to certified U.S.-manufactured hardware, adding supply chain resilience as international trade conditions evolve and tariffs become more dynamic.
Furthermore, with increased engineering capacity and access to Fermata’s domestic manufacturing partnerships, Nuvve can enhance its responsiveness to market demand while maintaining control over product quality and compliance with emerging technical standards.
Expanded Customer Value and Market Opportunities
From day one, customers on both sides of the acquisition will experience the benefits of expanded capabilities. Fleet operators will have access to more flexible software platforms that offer greater control over energy usage and cost savings. Utilities will be able to tap into more sophisticated VPP aggregation and grid-balancing tools, while OEM partners will enjoy enhanced integration pathways for embedded V2G functionality.
Beyond direct product offerings, Nuvve expects to unlock additional value through new revenue streams including:
- White-label software licensing for third-party hardware providers
- Strategic partnerships with OEMs and fleet electrification consultants
- Custom DER optimization contracts with municipalities and corporations
- Participation in joint grant-funded R&D projects targeting AI and DER innovation
These opportunities position Fermata 2.0 as a key growth driver within the Nuvve ecosystem, particularly in the expanding markets of behind-the-meter energy services, commercial fleet electrification, and regulatory-driven grid modernization efforts.
As electric mobility becomes increasingly intertwined with energy infrastructure, companies like Nuvve and Fermata are pioneering how vehicles, buildings, and grids interact. The formation of Fermata 2.0 is a clear signal that the future of energy is bidirectional, data-driven, and customer-centric.
With more than a decade of commercial V2G deployment under its belt, Nuvve now commands a platform unmatched in its technical scope, commercial applicability, and market readiness. From grid services and VPP integration to AI software and certified hardware, the company is positioned to lead the next generation of clean energy solutions.
As Gregory Poilasne noted, “This acquisition isn’t just about scale—it’s about impact. We are fundamentally changing the way energy is created, stored, and used, and that has real implications for climate resilience, energy equity, and economic opportunity.”
