Great Power, established in 2001 with a vision to become a global leader in battery storage technology, recognises the potential of combining its stationary batteries with electric vehicle charging infrastructure to offer significant product differentiation and market advantage. By leveraging Nuvve's expertise in energy management, flexibility, monetisation, and aggregation platforms, Great Power aims to expand its global footprint while enabling savings and new revenue streams for its customers.
Nuvve's GIVe platform, known for its bidirectional energy management capabilities and energy management solutions, will play a pivotal role in transforming electric vehicles and stationary batteries into grid-integrated energy storage resources. This partnership will enable consumers, fleet operators, utilities, municipalities, and public organisations to optimise energy usage, reduce costs, and support the integration of renewable energy sources such as solar and wind.
The Nuvve-Great Power integrated solution will enable lower energy costs, resiliency via microgrid, and system control of charging and discharging to utility service limitations. "Our techno-economic modelling demonstrates significant energy savings from Nuvve's total energy management for customers, particularly in areas with high energy rates or demand charges,” said Hamza Lemsaddek, Nuvve's VP of technology and Astrea AI. “In the San Diego area, a typical school district purchasing energy from the local utility could save up to 40% or more on their bill by adding in a single Nuvve 400 kilowatt-hour (kWh) BESS. V2G technology and grid services like demand response increase those savings."
A key milestone of this partnership will be the completion of the integration of the Great Power battery solutions with Nuvve's EMS and GIVe platform, in Q3 2024. The partners will solidify the commitment of both organisations in a long-term relationship aimed at driving innovation and sustainability in the electric vehicle and renewable energy sectors by packaging a joint offer, including EV infrastructure, stationary storage, and energy management.
Initial deployments include Nuvve's Reschool and Fresno projects, as well as deployments at other select school districts. The two companies are also working on a combined project pipeline throughout North America, Europe, and Asia.
The Nuvve-Great Power integrated solution will enable lower energy costs, resiliency via microgrid, and system control of charging and discharging to utility service limitations.
