Nuvve acquires Fermata Energy assets for $659K; expects $2M annual cost savings

Nuvve Holding Corp.

Total purchase price ~$659k, consisting of ~$340k cash and assumed liabilities; closed April 25, 2025.
Fermata 2.0 subsidiary issued 4.9M convertible preferred units to Fermata's former debt holders.
Expects ~$2M annual expense reduction from consolidating software teams and AWS infrastructure.
Combined V2G platform expands IP portfolio, U.S.-built hardware, and regulatory tailwinds from IRA and state incentives.
Fermata 2.0 jointly led by CEO Gregory Poilasne and COO Hamza Lemsaddek; key Fermata team members join.

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