Significant Order Increase
Received 28 orders for new charging stations versus only one a year ago, indicating strong demand growth.
Major Contract with New Mexico
Awarded a contract allowing for proposals without RFPs, with a potential opportunity greater than $400 million of CapEx deployment over four years.
Expansion into Japan
Established Nuvve Japan focused on stationary storage deployment, with plans to open minority capital to local investors.
Acquisition of Fermata Energy
Acquired Fermata Energy's assets, enhancing the company's capabilities without using cash from Nuvve's balance sheet.
Improved Financial Margins
Product and service revenue margins increased to 39.9% in Q1 2025 from 34.7% in Q1 2024.
Growth in Megawatts Under Management
Megawatts under management increased 19.5% year-over-year to 31.8 megawatts.