Management is pivoting the core business from vehicle-to-grid (V2G) deployments to stationary battery storage, citing stronger market signals and a more viable path to scale.

The company is integrating end-to-end AI-based functionalities to automate project management, sales support, and finance in an effort to reduce the cost base while scaling.

A transformative partnership with OMNIA Global provides access to a 1 gigawatt plus battery pipeline in Europe, with Nuvve intending to ultimately own these assets.

In Japan, the company has established Nuvve Japan to pursue diverse business models including direct battery sales, aggregator services, and tolling/rental agreements.

Performance in the U.S. market is currently lagging behind Europe and Japan, with domestic battery projects moving at a slower pace.

The shift toward stationary storage is supported by the platform's existing ability to provide second-by-second control and advanced stacking services like grid support and ancillary services.

Management attributes the year-over-year revenue decline to the absence of management fees from the terminated Fresno EV infrastructure project.

The OMNIA Global partnership targets the deployment of over 1 gigawatt of battery capacity across multiple European countries over the next 24 months.

The Japanese project pipeline is expected to materialize over a 36 to 48 month horizon, reflecting a less mature market environment.

Management anticipates improvements in cash burn resulting from the benefit of lower operating costs compared with the previous year.

A 2-megawatt battery sale in Japan's Niigata Prefecture is scheduled for delivery by November 2026, with a portion of the $3.35 million payment already received.

Future revenue from European battery projects is estimated to range between $250,000 and $500,000 per megawatt per year depending on the specific project.

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Recognized a $3.47 million inventory impairment charge for 125-kilowatt V2G DC chargers that failed to meet commercial reliability standards.

The impaired chargers were written down to zero value and transferred to property, plant, and equipment to support business development in Taiwan.

Terminated the partnership with Toyota Tsusho in Japan, leading to the creation of a wholly-owned subsidiary, Nuvve Japan.

The hardware and service backlog decreased by $15.7 million year-over-year, primarily due to the termination of the Fresno EV infrastructure project in February 2026.

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