The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Eric Stine - Craig-Hallum - Analyst
: Hi Gregory. Hi David. Hey Eric. Maybe just starting out, I know that your primary focus or a big part of the focus is on the school bus industry, but
a lot of OEMs making more and more noise about bidirectional charging, bidirectional capabilities. So just curious, how do you view those offerings?
Potentially, we'd love to hear if there's any interest coming out of the auto OEM world in partnering with Nuvve. Just any thoughts along those
lines would be helpful.
Question: Eric Stine - Craig-Hallum - Analyst
: This is something, as this gets out into the market and people realize the potential of that and how it could be expanded, is this an area where we
would expect Nuvve to play at some point?
Question: Eric Stine - Craig-Hallum - Analyst
: Got it. And then, I guess, sticking with Circle K, I think your plan was that you would start generating grid service revenue in the second half. I might
have missed it earlier in the call, but I'm curious if you've kind of started those, or that rollout, and is it still the plan that you would expect revenues
here in the second half?
Question: Eric Stine - Craig-Hallum - Analyst
: Got it. Well, maybe last one for me, just on megawatts under management, I know you've got the two buckets, stationary and EV. I mean, is it fair
to say that the EV side is going to be the majority, or is stationary an area where there actually is an opportunity beyond what you've got in Japan?
And maybe, I'm just curious, could you remind me how the economics might differ between both of those applications?
Question: Eric Stine - Craig-Hallum - Analyst
: Got it. But you would say that, I mean, not surprisingly, EVs, that's the real growth driver that will be the vast majority of megawatts under management
as we look at a couple of years. Okay. All right. I appreciate it. Thanks.
Question: Brian Dobson - Chardan - Analyst
: Looking at your order momentum in 2Q, those are impressive stats. I guess, how do you expect that to continue through the back half of the year?
And with the EPA rebate deadline looming later this month, would you expect that to, you know, also potentially spur demand in the back now?
Question: Brian Dobson - Chardan - Analyst
: Yeah, very good. I guess just turning to your AI initiatives, why did you choose to roll those out in the Nordic countries? And should we expect to
see that technology further integrated into the United States in the near future?
Question: Brian Dobson - Chardan - Analyst
: And finally for me, regarding the California school bus market, it's very likely that California leads the way in electrification for school buses. I know
that you have some good relationships with school districts in that region. Do you think you could quantify the potential size of that market for
us?
Question: Brian Dobson - Chardan - Analyst
: All right. Very good. Thank you.
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