Nuvve Holding shares surge 20.83% intraday after City of Socorro green energy deal announcement.

Nuvve Holding (NVVE) surged 20.83% intraday following the announcement of a landmark agreement with the City of Socorro, Socorro Electric Cooperative, Inc., and Nuvve New Mexico to advance electrification and grid resilience. The deal, reported 4 days ago, highlights the company’s strategic expansion into energy infrastructure and grid stability projects, reinforcing its position in the green energy sector. Additionally, recent media coverage from Barchart emphasized a new green energy deal as a catalyst for the stock’s sharp rise, aligning with the company’s focus on vehicle-to-grid technology and battery storage initiatives. These developments, coupled with ongoing partnerships and financing efforts, underscore Nuvve’s growth trajectory amid increasing demand for sustainable energy solutions.