Two big V2G players become one: Nuvve acquires Fermata Energy

Nuvve Holding Corp., known for its in vehicle-to-grid (V2G) technology and grid modernisation solutions, announced the acquisition of “substantially all” of the net assets of Fermata, a leading V2G platform provider in the US.

The assets acquisition was completed through Nuvve’s newly formed subsidiary, Fermata Energy II LLC (Fermata 2.0), focused on scaling bidirectional energy solutions.

Fermata 2.0 acquired substantially all of the assets of Fermata and assumed “certain specified liabilities,” Nuvve said. As part of the transaction, Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders. The total purchase price is approximately $659,000, consisting of approximately $340,000 in cash and the remainder in assumed liabilities.

The combined platform now boasts more than ten years of commercial V2G deployment experience, as well as behind-the-meter optimization, OEM integration, AI-driven software, and certified charging hardware.

Fermata 2.0 will be jointly led by Gregory Poilasne as CEO and Hamza Lemsaddek as chief operating officer.

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“By acquiring Fermata’s assets, we’re creating the leading platform to fully realize V2G’s potential,” said Poilasne. “Together, we accelerate the energy transition by making EVs integral to energy security and grid resiliency.”

Several key members of the Fermata team will join Fermata 2.0, bringing their experience with V2G integration, software development, OEM and utility engagement, regulatory strategy, business operations, and business development.

“This partnership ensures continuity for our technology and our mission,” said David Slutzky, Founder and Chairman of Fermata Energy. “Nuvve brings the scale, complementary capabilities, and vision to amplify Fermata’s impact. I’m proud of what we’ve built and excited about what’s ahead.”

The companies will continue to support and expand existing customer and partner relationships on both sides, ensuring that collaborations with utilities, OEMs, and fleet operators are preserved and enhanced through this integration, Nuvve emphasized.

“This assets acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions,” said Lemsaddek. “We’re building an end-to-end platform that empowers fleets, utilities, and OEMs to participate in the energy transition more effectively and more profitably.”

Immediate operational efficiencies include consolidating software platform teams and AWS infrastructure within Fermata 2.0, reducing annual expenses by approximately $2 million, the companies claim. Joint engineering and R&D initiatives will pursue collaborative grant-funded projects, further supported by the combined Nuvve and Fermata IP and engineering resources.

Fermata 2.0 is intended to deliver a new generation of white-label software solutions, combining Fermata’s optimization and forecasting capabilities with Nuvve’s AI-driven grid intelligence. Customers will receive enhanced predictive charging insights, dynamic peak load minimization, and expanded grid service opportunities, powered in part by Nuvve’s Astrea AI platform.

Customers of both companies gain access to an expanded suite of integrated hardware and software solutions, combining Nuvve’s grid aggregation and virtual power plant (VPP) experience with Fermata’s capabilities in distributed energy resource (DER) optimization and behind-the-meter solutions.

Originally published on Factor This.