Nuvve signs $15.7M master services agreement with Fresno EOC for fleet electrification

Nuvve Holding Corp.

Agreement covers design, construction of 26,000 sq-ft parking lot and EV charging infrastructure for 50-shuttle fleet.
Term runs from May 14, 2024 through June 30, 2036; total estimated fees approx. $15.7 million.
Company to install chargers, solar generation, battery storage, and provide grant writing and project management.
Obligations contingent on Fresno EOC receiving grant funding; termination for lack of funding triggers payment for services already rendered.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuvve Holding Corp. entered into Agreement with Fresno Economic Opportunities Commission valued at approximately $15.7 million (effective 2024-05-14).

Action: entry
Counterparty: Fresno Economic Opportunities Commission
Value: approximately $15.7 million
Effective: 2024-05-14

Exact text from the filing

On May 14, 2024 (the “Effective Date”), the Company and Fresno EOC entered into a master services agreement to outline the general scope of work, timeline, and pricing pursuant to which the Company will provide services and materials to Fresno EOC in connection with the Project (the “Agreement”).

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Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001836875-24-000054

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