Vehicle-to-grid pioneer Nuvve has announced the acquisition of substantially all the net assets of Fermata Energy, through Nuvve’s newly formed subsidiary, Fermata 2.0. The purchase price reportedly came to $659,000, consisting of approximately $340,000 in cash and the remainder in assumed liabilities.

Fermata 2.0 will be jointly led by Gregory Poilasne as CEO and Hamza Lemsaddek as Chief Operating Officer. Several key members of the Fermata team will join Fermata 2.0, bringing expertise in V2G integration, software development, and OEM and utility engagement. The companies will continue to support and expand existing customer and partner relationships on both sides.

Software platform teams and AWS infrastructure will be consolidated within Fermata 2.0, reducing annual expenses by approximately $2 million, according to the company. Sales synergies are emerging as Nuvve expands its hardware offerings into markets previously served by Fermata.

Fermata 2.0 will deliver a new generation of white-label software solutions, combining Fermata’s optimization and forecasting capabilities with Nuvve’s grid intelligence. Customers of both companies will have access to an expanded suite of integrated hardware and software solutions, combining Nuvve’s grid aggregation and virtual power plant (VPP) expertise with Fermata’s specialized capabilities in distributed energy resource (DER) optimization and behind-the-meter solutions.

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

“This acquisition is about unifying capabilities and accelerating the deployment of intelligent, bidirectional energy solutions,” said Hamza 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.”

“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.”

Source: Nuvve