Why Nuvve Shares Are Surging Today

Nuvve Holding Corp NVVE has launched Astrea AI artificial intelligence technology to optimize revenue from ancillary services to Nordic transmission system operators from its V2G fleet customers.

Astrea AI continuously forecasts prices and capacity for Nordic primary reserves to optimize energy market bids.

Primary reserves are frequency regulation services designed to keep electricity on the EU's transmission grids at a frequency of 50 hertz.

Astrea AI forecasts have shown 97% accuracy and help to maximize revenues with the right bid matched to available fleet capacity.

The technology is integrated with Nuvve's GIVe platform for V2G and charge management and will automate future bidding and frequency regulation market selection. 

"Astrea AI makes energy markets easier and more accurate to predict, enabling us to further optimize revenue from our market participation," said CEO Gregory Poilasne.

Price Action: NVVE shares are trading higher by 47.18% at $0.6701 in premarket on the last check Friday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsPenny StocksMarketsMoversGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...