day Thanks, second for results all. Eduardo, review for Thank the we as joining good to and us our quarter XXXX. of you
today's discussing about tailwinds I our electrification I as often to vehicle that to like platform, outlook we for by grid enabling the improving underpin start that resiliency. And vehicle-to-grid key well in technology role believe do now would take positioned is adoption. and both secular through call our high-level Nuvve some a enthusiasm
critical Act spur with XXXX. expand A bill that continue Reduction out the to of is that and affordable, thus we Included few credits was part proposal are the climate charging also EVs a expand EV in package back adoption. infrastructure, build-out but were to weeks EV only that for of more ago, of we not EV making Inflation of created thrilled which purchasing, the spend news this surprise Washington, D.C. on as
is commonly Further, Eligible], purchasing [ significantly. a the be Refueling Credit. tax Under not new the as go that covered tax and is would bill, known VXG as as was Section new proposal, charging the charging equipment the the receive referred station for and will qualifying and allows before. Trade XXC to bidirectional cost Vehicle Nuvve, the Property critical to charging case named selling of Fuel business rate up hardware Attentive expected which for for EV specifically that by rate, also a what is
Another potential very important tool increased adoption for is funding. VXG moderately of EVs faster of grant the and availability
in We that as well. progress are quarter important that pleased saw second the front
May school begin the the On back Infrastructure for that school EPA replacing Biden-Harris to over Law of making million years. X clean, school was bus nation's XXXX, in operators administration the fleet next with eligible the of other and Bipartisan zero-emission the available of $XXX announced the districts buses American-made, buses
and Our grants applying been experienced to fundraising assist with to in work the customers grant program. has hard at and team partners the them
the grant XXX of the ahead XX submitted have EPA's we more behalves their today, of of more or in of megawatts than As August equivalent works on submission applications deadline. XX capacity the with
share number charging of hardware the application this are we we do for to leads receive us associated the be fair they that managing believe working By ourselves win. not the ] to with partners them to well process full expect sheer [ we While VXG do orders grants, a position of should successful. when receive them,
winner the equipment, as the fourth to begin electric hardware place associated announce and such school XXXX grant for to EPA and for recipient of the the soon expect VXG thereafter. We in to the buses quarter orders
for planning the which up electrify. a looking it is federal speed enemy and To those role the can support can be to uncertainty scaled in is the critical and summarize, political electrification that with and secret of no decision-making play logjam
feel long term brighter the for today. climate the truly does federal ] months, tax near outfit the past report With over few these [ and developments U.S. of the in
needs Before Wins to results, it to stands I to growth light like Recurring capital time to of where turning capital recent for typically Nuvve inherent take raise convert today. revenues. made in and address to before. we've rationale the are briefly our would emerging companies,
XX-plus challenges we The necessary it of relative that have drastically or themselves chain electric the over charging installed months capabilities. supply the slowed rollouts sold, and Further, production charging and stations past planned be whether even the equipment the to commission vehicles hardware, once must chargers queues broader normalized VXG a other interconnection material thus with revenues elements and VXG integrated and of we revenue to onetime from can sales VXG actually ecosystem be activities. Nuvve software, any are wait operate place fully generating generate from before of the on in have
that we through recurring investments backdrop, because particular the electing strategically outright or to and sales in position whether hardware and by this must for in at multiyear revenue invest occasionally future, to continue project. aligns discount efforts, business compelling ecosystem for we Despite partnerships, entire sell customer once marketing VXG a the see key our opportunity
the been XXXX of for money looking has companies market result factors. equity kind in microeconomic raise a The not as various to
by which However, path control more plan have and this waiting we we forward jeopardizing business favorable no a our expand backlog and to earning something allows make potentials. equity to additional cannot investments. our market for The us our critical risk capital backdrop, over
program. have into program, to via date quarter, at-the-market As as we program, million such, an ATM offering $X.X second previously raised in that discussed, the and or entered
Further, [ million direct weeks on touch growth. approximately balance these to we'll an funding the ago, Nuvve million that cash Maybe in a ] we offering $XX.X registered in announced additional of a few But future that a is queued more this sheet. to $XX in few we minutes. resulted addition closed
in Three, Japanese bundle an Nuvve with which a announcements more VXG start U.S. MOU of packages the accelerate commercial capabilities color to our during on executing our five, the XXXX. last with agreement include: VXG my of and certified our earnings our with one, the DOE an entering add opening the Two, Turning announcements qualification second to to I Nuvve Accomplishments major their Cenntro charging quarter discussed Four, now Electronics U.S. lined to chargers. remarks call. Power up into each with operation the fleet XXXX.AI. May with technology, provided market. quarter commercial during in agreement to collaboration summary in We of bidirectional energy an to these a product time. alliance
Since else ensure then, our leader our investing example in future late us software. June, The cloud built advanced the we that protocol X.X.X. advantage OCTP, Switch, latest or on lead in VXG. open charging platform another the system and operating charging operation a charge exciting in that is which and we than we maintenance in yet announced an another the further market. is anything This has inside the of Switch competitive extend will believe goes station in to that one infrastructure build This is version far developed partnership. point is more
and world's or only to As charging is plug to a and everything they that result, the and VXX. first pattern native charge vehicle are
We have also in goal Switch X integrate investment solutions the of only our with charging have made working been the not platform GIVe for elected to years a platform standardizing the and but have last strategic company. their with with
not other moving up aspirants. VXG getting can only faster infrastructure that upstream here, are only building but as our scale a are upstream, are them, doing we We to we help and ability the moat believe [indiscernible] against also concerning we into further competitive
other with a we for us Lastly, is great and chain. OEMs our in value the partner to channel Switch expand reach players believe VXG
that with we the utility's our SDG&E we Electric at ELRP. along, in Emergency pairs continued Moving School school their were as the with month, Cajon Since that been third Diego. bus that has the as year, last quarter July platform momentum provider program. Diego high platform VXG capacity agreement then, we chosen in San last for yard District in Reduction installed the an disclosed VXG or of disclosed Valley Load have the Program chargers Gas and Union San bus Recall
partner outage This hour reduction. during reliability of the backup helping what utilities. qualifies inconvenient and Through verified load can SDG&E's when commissioned bus per fleets provide load/load charging In and to reduction customer. for achievement events VXG ensure costly to if can avoid grid shows service are $X for through retailing emergency we platform kilowatt GIVe electric school receive export capable to and customers return, happen equipped program, our with energy ELRP the with
$X,XXX represent revenue The per potential program $XXX opportunity a or year per of per bus ELRP year. kilowatt
created electricity First Utilities CPUC, Commission, on new customers. the XXXX background, through commercial in residential to periods both for usage demand or summer pilot the ERP May peak October California the Public approach and during from response
is other on fleet capacity marks the of we're the Districts increased Cajon space are California paperwork size Valley of bus eventually impact great service districts, ELRP school School the available the strain a valley, elsewhere grid on given in revenues of Diego efforts aging the be infrastructure first With this Cajon that opportunities levels, combat that to worsening San all [indiscernible] immediately, the likely generating change and Combined across similar over although in the integrated are start to able in climate programs planned at their the implement set with place, and country's in see of California. project. grid and of future months. underway the into the to in about growing We the and small to to is X.X megawatt be operability. Ramona partnership marginal relatively Our
Corporation, one have Gas the on a the largest of and Diego headquartered energy & Building we just momentum retailer Texas. with in disclosed Vistra Electric, generation with partnership Dallas, San
value in to channels as to This charging multiple provide focused its [indiscernible] system as Texas. by partnership and EV at aims management both grid providing services creating to well access drivers trading owners
Vistra subsidies XX fleet us districts be never of we targeting over package. power buses grid big to the Nuvve school within might of as the you capacity, aware, levels developing provides financing revenues. which consumption goal opportunity extremely well Texas to and the EPA as in megawatts future next school volatile Vistra a generate deploy programs energy jointly before. and service both initially and local XX The the in is are achieving As been XXX and as service months market are with reached territory, has
entry Finally, earlier this Maritime of collaborate into maritime the with framework to MOU applications. Maine across an week, on we the VXG Academy announced
ports, solutions vessels program, current VXG market related of part give the via out data recent sow VXG. continuing certification exploring operations, energy other in new and Vehicle-to-grid grid enable build to quarters delivery workforce intelligence. artificial ships This made the of we've our and to on they As back builds consistently training partnerships and will waterways. include academic academic for commentary programs expand cybersecurity and to and opportunities in about Island could science, and to
potential indicator commercial to which view revenue now wins. growth management, embedded of the an we is megawatts Turning as into our under
XX.X% of had over and a XXXX, XX% management March This megawatts XX.X on XX, management XX, XXXX we under June from under installed. roughly under increase megawatts of June management increase XX, X.X XXX% XXXX. As the megawatts reflects
To us technology, announcements essential wrap up, long-term commercial, the ] over years the heard et [ past excited as of incredibly these and discuss adoption Nuvve. vehicle various VXG are of for and several cetera. lie we operational, have about the you provide that we of each opportunities types: quarters, out electrification these believe ahead. ahead Each over is that the agreements play growth partnership
to and the partnerships on pieces come same for announced We customers recently partnerships news of At puzzle time, prospective disclose as believe together. partners the additional look forward all working the continue continue outlook we the the strengthen the further and future. execute to of will chase and and to and We to VXG business. current in continuing agreements that previously have to with we exciting our
will and call remarks, prepared our discuss to the we wrap open before financial I David with up turn to to I over Q&A. some now results