Nuvve Holding Corp. (NASDAQ: NVVE), along with Jefferies LLC, are building out electric vehicle (EV) charging infrastructures, grid-integrated mobility hubs, and other clean energy assets tied to Nuvve’s recently awarded contract from the State of New Mexico. According to Nuvve, it was just awarded a contract by the State of New Mexico (SONM) to provide a comprehensive, turnkey electrification solution to support New Mexico’s ambitious zero-emission vehicle (ZEV) adoption and renewable energy goals.
The company also noted that the contract will advance New Mexico’s “Vehicles as a Service” (VaaS) program, designed to facilitate fleet electrification through:
- Turnkey EV Charging Solutions – Deployment of advanced EV charging infrastructure, operations, and data management.
- Vehicle-to-Grid (V2G) and Microgrid Development – Scalable solutions integrating V2G-capable fleets, stationary battery storage, and solar energy to reduce costs and enhance grid resilience.
- Corridor Charging Stations – Establishing key EV charging sites along state highways for inter-city travel.
- EV Leasing and Infrastructure Financing – Providing innovative financial models to streamline fleet conversion.
- Asset Transition and Management – Purchasing and retiring internal combustion engine (ICE) vehicles, ensuring efficient fleet turnover.
Not only is that a big catalyst for Nuvve Holding Corp., but also for companies such as Schneider Electric (OTC: SBGSY), SolarEdge Technologies (NASDAQ: SEDG), ENGIE (OTC: ENGIY) and Toyota Motor (NYSE: TM).
Nuvve Holding Corp. (NASDAQ: NVVE) Just Selected Jefferies as its Exclusive Infrastructure Financing Partner
Nuvve Holding Corp., a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced it has selected Jefferies LLC, one of the world’s leading full-service investment banking and capital markets firms, as its exclusive infrastructure financing partner for the Electrify New Mexico initiative.
Jefferies will work with Nuvve to structure and secure capital markets transactions to fund the buildout of electric vehicle (EV) charging infrastructure, grid-integrated mobility hubs, and other clean energy assets tied to Nuvve’s landmark contract awarded by the State of New Mexico.
“Jefferies brings Electrify New Mexico closer to reality and offers a strong endorsement of both our vision and our leadership in grid modernization,” said Gregory Poilasne, CEO and Founder of Nuvve. “We’re not just planning for the future—we’re building it with key strategic partners committed to building this critical infrastructure.”
Jefferies brings deep expertise in energy infrastructure finance and has a global reputation for transformative clean energy projects in the U.S. Their global track record in financing clean energy projects positions them as an ideal partner to unlock scalable capital solutions for one of the most ambitious state electrification efforts in the U.S. Their involvement underscores growing investor confidence in Nuvve’s business model and the long-term potential of the Electrify New Mexico initiative.
The announcement comes as New Mexico continues to demonstrate strong political movement to lead on electrification and grid innovation. During the most recent legislative session, nearly 100 bills were introduced that directly or indirectly support clean energy goals, including proposed investments in EV infrastructure, grid resilience, and zero-emission transportation.
This reflects a clear commitment to building a more sustainable energy future.
“We’re executing on a bold and necessary transformation,” said Ted Smith, CEO of Nuvve New Mexico LLC. “With partners like Jefferies and strong momentum at the state level, we’re building a coalition capable of making New Mexico a national leader in grid innovation and clean energy deployment.”
To support the project’s success, Nuvve formed Nuvve New Mexico LLC, a regional subsidiary dedicated to executing the statewide contract and spearheading local implementation.
Other related developments from around the markets include:
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that it is doubling down on its commitment to support the U.S. military and federal government by establishing Schneider Electric Federal. As a longtime partner to the U.S. government, Schneider Electric provides secure, uninterrupted, and reliable power to critical systems, digitalizing and modernizing the government to be more efficient and secure via our hardware and AI-driven software solutions. This announcement marks the incorporation of Schneider Electric Federal, building on the previous business known as Schneider Electric Critical Buildings Systems Inc. It also reflects the growing collaboration between Schneider Electric and the U.S. government and military to design and build more efficient and hardened military infrastructure, install microgrid technologies, upgrade buildings, modernize electrical infrastructure, and more.
SolarEdge Technologies, a global leader in smart energy technology, today announced that its comprehensive U.S.-manufactured solar inverter portfolio has achieved Build America, Buy America (BABA) Act compliance, notably including its planned Commercial & Industrial (C&I) 480V product line. This milestone will enable participation in federal infrastructure projects, including federally funded grants and projects, while supporting domestic manufacturing and job creation across its facilities in Florida and Texas. The BABA-compliant portfolio includes the 480V and 208V Three Phase Inverters and Three Phase Inverters with Synergy Technology with C651U and C652U Power Optimizers, as well as the Single Phase SolarEdge Home Hub inverters and U650 Power Optimizers. By achieving compliance with BABA for its planned DC-optimized inverter solutions, SolarEdge will support developers and EPCs in meeting federal infrastructure requirements, while maintaining maximum system performance, safety, and reliability.
ENGIE’s CEO Catherine MacGregor, CEO, recently noted: “Over the past four years, ENGIE has refocused, simplified, and de-risked, while continuing its trajectory towards net zero by 2045. This work is reflected in a solid industrial track record and excellent financial performance over the period. As the energy transition is the proven best way to address global sovereignty, affordability, and climate challenges, the demand for electricity and decarbonized molecules continues to grow. Massive electrification is an opportunity for ENGIE. We aim to become the best utility in the energy transition, with a target of 95 GW of installed renewable and storage capacity by 2030. To achieve this, we will deploy an ambitious investment plan of 21 to 24 billion euros over the next three years. We already have the best people in the sector: with strong economic fundamentals, a clear strategy, an integrated model reinforced by our new organization, and recognized execution capability, ENGIE has all the assets to play a central role in building the energy system of tomorrow.”
Toyota Motor North America shared further details regarding its commitment to develop a seamless home charging experience as the company prepares to ramp up for its next-generation electrified vehicles. With investment from Toyota’s growth fund Woven Capital, TMNA is collaborating with WeaveGrid to ensure that as more Toyota battery electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) are introduced, these vehicles will be able to smoothly integrate with the electric grid, helping facilitate an efficient, equitable and resilient energy transition. “Toyota is committed to making investments in technologies and solutions to provide greater insights for our customers and electric utility partners into how vehicles will interface with their homes and the electric grid,” said Christopher Yang, group vice president, Toyota EV Charging Solutions. “With more Toyota BEV and PHEV customers than ever before, we are looking to ensure that they will be met with a high-quality experience that enriches their ownership journey.”
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