Nuvve, a San Diego-based green energy company that’s on the verge of a public market debut by the way of a blank-check merger, has announced that it’s entered into a partnership with Lion Electric, a Canadian manufacturer of heavy-duty electric vehicles, that’ll see both companies work together on vehicle-to-grid (V2G) charging technology for Lion Electric’s vehicles.

Nuvve specializes in developing charging infrastructure for electric vehicles, in its case what’s termed as ‘vehicle-to-grid (V2G)’ charging. V2G is an energy technology that enables energy to be pushed back to the power grid from the battery of an electric vehicle and supplied on-demand to other vehicles. 

In metaphor, vehicle-to-grid (V2G) is a virtual charging network whereas vehicles in that network all input energy into a single system and take from it when needed. It’s another type of electric vehicle charging infrastructure along with that where they tap into existing electrical utilities to charge vehicles, which is the most common.

Under Nuvve and Lion Electric’s partnership, the former will supply charging infrastructure for the latter’s heavy-duty electric vehicles.

Nuvve’s partnership with Lion Electric was announced just about a week after the San Diego-based green energy company reached a deal to go public by merging with a blank-check firm. Nuvve is set to merge with Newborn Acquisition Corp and get an additional $76 million of funds for its operations. The deal will see the company become traded on the Nasdaq Stock Exchange with an initial market value of $130 million.

Incidentally, Lion Electric, the company Nuvve just teamed up with, is reported to be eyeing its own public market debut via the way of a blank-check merger just like Nuvve.

Photo credit: Lion Electric

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