Five Stocks Offering Substantial Exposure to a $6.73 Billion Vehicle-to-Grid Market

March 13, 2025 - Baystreet.ca


There’s substantial growth ahead for the Vehicle-to-Grid (V2G) market. According to Straits Research, the V2G market was worth $1.23 billion in 2024 and is expected to grow to about $1.49 billion this year and to $6.73 billion by 2033. All of which is great news for V2G related stocks, such as Nuvve Holding Corp. (NASDAQ: NVVE), Nissan Motor (OTC: NSANY), Schneider Electric (OTC: SBGSY), ENGIE (OTC: ENGIY) and Heramba Electric (NASDAQ: PITA).

Even better, “the International Renewable Energy Agency (IRENA) states that integrating EV storage with renewable energy systems could cut grid dependence on fossil fuels by as much as 40%,” added Straits Research. In addition, “The U.S. Department of Energy allocated $2 billion in 2024 to advance smart grid initiatives, including V2G systems, further accelerating market growth. Canada also contributes significantly with its ambitious clean energy targets and EV-friendly policies. The region's advanced grid systems, coupled with a high demand for sustainable energy solutions, position North America as a leader in V2G adoption.”

Look at Nuvve Holding Corp. (NASDAQ: NVVE), For Example

Nuvve Holding Corp., a global leader in grid modernization and vehicle-to-grid (V2G) technology, today announced the formation of Nuvve New Mexico LLC, a new subsidiary created to support the company’s recently awarded State of New Mexico contract. The new entity will serve as a regional representative company, ensuring the successful execution of the contract and the expansion of Nuvve’s innovative energy solutions across the state.

Ted Smith has been appointed to lead this initiative as CEO of Nuvve New Mexico LLC, bringing his expertise in clean energy deployment and strategic market development to the role. In New Mexico, Smith will personally oversee day-to-day operations and work closely with local stakeholders to ensure the project is a success.

“This new LLC reflects Nuvve’s commitment to delivering on our promises and maximizing the impact of our work in New Mexico,” said Gregory Poilasne, CEO and Founder of Nuvve. “Ted’s leadership will be instrumental in ensuring the seamless integration of our technology and creating long-term value for the state.”

Nuvve’s V2G and energy management solutions optimize energy use, reduce costs, and support grid resilience—critical benefits for states investing in sustainable infrastructure. By establishing a dedicated New Mexico entity, Nuvve aims to accelerate deployment, enhance local engagement, and solidify its role as a key partner in the state’s clean energy transition.

New Mexico has taken a proactive stance in advancing transportation electrification and grid modernization, with strong leadership from Governor Michelle Lujan Grisham’s executive orders and a legislative session that includes over 50 bills with appropriations that directly or indirectly support electrification. These bills represent over $6 billion in appropriations, incentives and allocations for initiatives such as electric school buses, EV charging infrastructure, zero-emission vehicle adoption, advanced grid technologies, microgrids, and resilience planning. The state’s commitment to a forward-thinking energy strategy creates an ideal environment for Nuvve’s innovative V2G solutions to thrive and support New Mexico’s clean energy and economic development goals.

For more information about Nuvve and its cutting-edge energy solutions, visit www.nuvve.com.

Other related developments from around the markets include:

Nissan Motor showcased its latest autonomous-drive (AD) technology in Yokohama’s Minato Mirai area. For the first time in Japan, a test vehicle with no driver in the car has navigated a public road in a complex urban environment. Nissan has developed this proprietary technology for a mobility service it plans to launch in Japan. This is a significant step to empower mobility by resolving transportation service challenges faced by local communities, such as driver shortages resulting from an aging population. By leveraging its technology, Nissan will provide a broad range of new services that enable freedom of mobility. Nissan is maximizing its efforts to establish and verify the safety of AD technology tailored to different traffic conditions worldwide. To do this, it is utilizing insights and technologies gained through research in Japan, research in Silicon Valley conducted by the Nissan Advanced Technology Center, and participation in the U.K.’s evolvAD project.

ENGIE’s CEO Catherine MacGregor, recently said: “2024 was once again a year of strong operational and financial performance, with significant cash flow generation. We achieved a record level of activity in renewables, adding 4.2 GW of new capacity over the year, bringing our total installed capacity to 46 GW. The acceleration of our development in battery storage was also confirmed, with more than 5 GW in operation and under construction by the end of the year. Finally, we also achieved a crucial step related to the agreement to de-risk the Group’s nuclear activities in Belgium, obtaining approval from the European Commission. I would like to extend my sincere gratitude to ENGIE’s teams for their dedication and essential contribution to these achievements. These advancements and our performance demonstrate ENGIE’s ability to invest and create sustainable value in support of building a decarbonized, reliable, and affordable energy system.”

Schneider Electric, the leader in the digital transformation of energy management and automation, today published details of its sustainability performance for the final quarter of 2024, alongside its full-year financial results. The company’s Sustainability Impact (SSI) score reached 7.55 out of ten, surpassing the 2024 end-year target of 7.40. Monitoring and reporting on the 11 global commitments of its SSI’s quarterly progress is fundamental to achieving the company’s goals tied to all dimensions of environmental, social, and governance (ESG). “In 2024, Schneider Electric was recognized by TIME and Statista as the World’s Most Sustainable Company. Earlier this year, we were honored to receive the same recognition from Corporate Knights as part of its Global 100 ranking – marking our second time topping this list and a first for any corporation. These remarkable achievements, alongside other key ESG recognitions inspire us to reach even greater heights in 2025,” said Chris Leong, Chief Sustainability Officer at Schneider Electric. “As we enter the final year of our Sustainability Impact program, we are determined to continue transforming ambition into action. There's still work ahead, but with the support of our extensive ecosystem, our people, and all our Impact Makers, we will succeed.”

Heramba Electric, a global technology company focused on decarbonization of public and commercial transportation, announced that its wholly-owned subsidiary Kiepe Electric has been awarded a $26 million battery upgrade program by King County Metro in Seattle, Washington for enhanced In Motion Charging on its electric trolley buses. The three-year agreement will ensure enhanced in-motion charging capability for electric trolley buses and provide King County with upgraded battery packs that will deliver approximately three times the capacity of the original energy storage system (ESS). As a result, following deliveries in late-2024, the county will operate a more efficient e-mobility network, reducing carbon emissions and improving public transportation for the region.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Nuvve Holding Corp. by Nuvve Holding Corp. We own ZERO shares of Nuvve Holding Corp. Please click here for disclaimer.

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