Nuvve and 2021.AI to increase AI capabilities of Nuvve’s V2G Platform

Intelligent energy management leader and proven AI company plan to pursue a Joint Venture to Collaborate on AI Development

COPENHAGEN, DENMARK | FEBRUARY | 2022

2021.AI will be forming a joint venture with Nuvve, a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, to integrate their AI platform, GRACE, to Nuvve’s GIVe (Grid Integrated Vehicle) V2G platform. The joint venture – which will be named Astrea AI™ –will leverage Nuvve’s extensive e-mobility and energy expertise and 2021.AI’s proven AI platform to broaden and optimize the services offered by Nuvve’s V2G technology today.

The integration of the GRACE AI platform with Nuvve’s software will enable forecasting and optimization models for the e-mobility and energy sectors through AI, deep learning, machine learning, and neural networks. This will allow Nuvve to provide robust, predictive analysis and energy insights to both EV and utility customers. “Partnering with 2021.AI to integrate AI will take our platform to the next level, offering even greater benefits to our customers and the electric grid as a whole,” said Gregory Poilasne, chairman and CEO of Nuvve.

An example use case to be developed by Astrea AI^TM is using predictive modeling to forecast a fleet driver’s behavior and understand the highly specific level of energy needed for that driver’s EV to perform its daily driving duties. Based on that highly accurate forecast as developed by 2021.AI, Nuvve’s system will be able to provide various grid services for longer periods of time and charge to those forecasted amounts. This will help improve the efficiency and performance of EV fleets while contributing even more services to the grid to increase capacity and resilience.

“2021.AI has been helping companies deliver real-time insights across industries and we are looking forward to expanding our work with Nuvve at this very important intersection of transportation and energy,” said Mikael Munck, CEO & Founder of 2021.AI. “This new partnership will allow us to work closely together to integrate the latest AI advancements into Nuvve’s proven platform.”

In addition to advanced fleet analytics, Astrea AI^TM will help Nuvve strengthen bidding strategies to take tariffs, volatility, and capacity needs on the grid side into account. This has immense potential benefits to the entire energy ecosystem including municipalities, energy cooperatives, investor-owned utilities, transmission operators, and energy retailers, especially as more and more EVs are introduced to the grid causing capacity strains.

About Nuvve Holding Corp.

Nuvve Holding Corp. is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world’s most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world’s transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, California, and can be found online at nuvve.com.

Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

About 2021.AI

2021.AI serves the growing enterprise need for full management and oversight of applied AI. Our data science expertise combined with the GRACE AI Platform is a business differentiator for clients and partners worldwide. GRACE helps data scientists solve some of the most complex business problems with automated machine learning while providing organizations with the most comprehensive data and AI Governance capability for responsible, transparent, and trustworthy model development. 2021.AI is headquartered in Copenhagen, with employees in five locations globally.

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