Nuvve Holding (NVVE) announced it has been awarded a contract by the State of New Mexico to provide an electrification solution to support New Mexico’s zero-emission vehicle adoption and renewable energy goals. Nuvve estimates this contract’s total addressable market (TAM) for the SONM’s fleet electrification and supporting infrastructure to be approximately $400M. The contract is structured as a statewide price agreement, enabling long-term progress across public agencies throughout New Mexico. Nuvve is expected to announce the first project by the end of Q2.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVVE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue