Vehicle-to-grid specialist Nuvve (Nasdaq: NVVE) is working with San Diego Gas and Electric (SDG&E) to support local school districts by pairing Nuvve’s V2G technology with the utility’s Emergency Load Reduction Program (ELRP).
Through this partnership, electric school bus fleets equipped with V2G charging through Nuvve’s GIVe platform can provide energy back to the grid during emergency load reduction events, allowing customers to participate in energy conservation efforts and get paid for their load reduction results.
“Nuvve’s powerful energy aggregator provides a great revenue-generating opportunity to customers, while also guaranteeing that EVs will always be properly charged and ready to drive for school routes,” said Gregory Poilasne, co-founder and CEO of Nuvve. “Electric school buses offer a natural and compelling bidirectional charging solution from their batteries, which [have] a substantial amount of energy storage capacity. While the buses are plugged in and not being driven, they can be helping the grid when energy demand rates are typically at their highest.”
SDG&E’s Emergency Load Reduction Program allows business customers to voluntarily reduce peak energy load by sending energy back to the grid. Combined with Nuvve’s V2G technology, qualifying SDG&E customers can participate in ELRP and receive $2 per kWh for verified load reduction. This revenue can help school districts to offset the cost of their electric fleet conversions.
School districts within SDG&E’s service territory interested in school bus electrification can contact Nuvve to get the process started.