Nuvve Holding Corp. (NASDAQ:NVVE) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET

Company Participants

Eduardo Royes - Investor Relations

Gregory Poilasne - Chief Executive Officer

David Robson - Chief Financial Officer

Conference Call Participants

Brian Dobson - Chardan Capital Markets

Eric Stine - Craig Hallum

Operator

Good day, and welcome to the Nuvve Holding Corporation First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Eduardo Royes. Please go ahead, sir.

Eduardo Royes

Thank you. On today's call are Gregory Poilasne, Chief Executive Officer and David Robson, Chief Financial Officer of Nuvve. Earlier today Nuvve issued a press release announcing its first quarter 2022 results. Following prepared remarks, we will open up the call for questions.

Before we begin, I would like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect Nuvve's best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking projections. These risk factors are discussed in Nuvve’s filings with the SEC. And in the earnings release issued today, which are available on our website. Nuvve undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances.

With that, I would like to turn the call over to Gregory Poilasne, Chief Executive Officer of Nuvve. Gregory?

Gregory Poilasne

Thanks, Eduardo, and good day to all. Thank you for joining us as we review our results for the first quarter of 2022. In the short period since our last earnings call in late March, we have continued to see strong secular tailwinds for our vehicle electrification and the adoption of vehicle-to-grid technology, V2G.

As an example, I'd like to start today's call by highlighting our recent announcement of a Memorandum of Understanding, our MOU with the US Department of Energy, DOE. This announcement is not only an example of the continued expansion in interest in V2G, but the recognition at the federal level of the critical role that V2G will play in the energy transition. We view the DOE's decision to form this partnership to be an admission that transportation electrification cannot unfold with the grid today as is.