Nuvve appoints two new board members to drive growth strategy

SAN DIEGO - Vehicle-to-grid technology company Nuvve Holding Corp. (NASDAQ:NVVE), currently valued at $3.7 million in market capitalization, announced Thursday the appointment of Laura Huang and Brian Johnson to its Board of Directors, bringing expertise in organizational transformation, mobility innovation, and strategic finance. According to InvestingPro data, the company faces significant financial challenges with a weak overall financial health score of 1.12 out of 5.

Huang serves as Distinguished Professor of Management and Organizational Development at Northeastern University and as Associate Dean of Executive Education. Her background includes positions at Standard Chartered Bank, IBM Global Services, and Johnson & Johnson. Her research has received recognition from the National Academy of Sciences and Thinkers50.

Johnson previously served as Managing Director and senior equity analyst leading U.S. Autos and Auto Parts coverage at Barclays for over a decade. His earlier career included analyst roles at Lehman Brothers and Sanford C. Bernstein, and partnership positions at McKinsey & Company and Accenture. He holds degrees from Harvard Law School and Stanford University.

"Laura and Brian are transformative leaders with deeply complementary skill sets," said Gregory Poilasne, CEO of Nuvve, according to the company’s press release.

Huang noted in the announcement that the global vehicle-to-grid market is projected to reach $78.8 billion by 2034. While analysts expect Nuvve’s revenue to grow by 8.7% in the current fiscal year, the company’s current annual revenue stands at $5.44 million, with a concerning debt-to-capital ratio of 0.73. For deeper insights into Nuvve’s financial position and growth prospects, InvestingPro offers 14 additional key investment tips and a comprehensive Pro Research Report.

Nuvve develops technology that enables electric vehicles to store and discharge energy, potentially helping to stabilize power grids while lowering the cost of EV ownership. The appointments come as the company seeks to scale both its energy platform and digital asset initiatives.

The new board members bring a combined four decades of experience that the company believes will strengthen its strategic oversight and governance as it pursues its next growth phase. With the company’s current challenges in cash management and debt servicing, as identified by InvestingPro analysis, this expertise could prove crucial for navigating its transformation.

In other recent news, NuVve Holding Corp reported its Q1 2025 financial results, showcasing a 12.5% increase in revenue to $900,000, up from $800,000 in the same quarter the previous year. The company’s gross margins improved to 39.9%, while net losses narrowed slightly to $6.9 million. In addition to these financial updates, NuVve has entered into consulting agreements with Goldeneye Services AG, Carson Zabel Rorai, and Rafael Recavarren, issuing warrants for the purchase of common stock as part of these agreements. These warrants are exercisable at prices between $1.00 and $1.50 per share and are set to expire in five years. NuVve has also been active in strategic expansions, including the acquisition of Fermata Energy assets and the establishment of new subsidiaries in New Mexico and Japan. The company anticipates a potential $400 million capital expenditure deployment in New Mexico over the next four years. Furthermore, NuVve has been working on increasing its megawatts under management, with a 19.5% increase compared to the first quarter of 2024. These developments reflect NuVve’s ongoing efforts to improve its financial position and expand its market presence.

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