Wallbox Nv - WBX STOCK NEWS

Wallbox (WBX) and WeaveGrid Partner to Expand Access to Utility Managed Charging Programs for North American EV Owners

Wallbox (WBX) to Participate in DC Fast Charging Webcast for Investors

Generac Power Systems, Inc. (GNRC) has made a minority investment in Wallbox (WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions. The investment includes adding a Generac seat on Wallbox's board of directors and a global commercial agreement to provide Generac's residential and commercial customers with the next generation of energy management systems, including a bidirectional DC EV charger for the home. This strategic partnership aims to accelerate the development of energy ecosystems for businesses with public access and supports the joint vision of accelerating the energy transition through innovative and accessible energy solutions. As power consumption is projected to more than double by 2050 and the share of renewables in the power mix is projected to more than double in the next 20 years, the need for sophisticated technology that can manage energy generation, storage, and distribution between the current grid and next generation EVs is critical in order to accelerate the adoption of renewable energy.

Wallbox (NYSE: WBX) and Atlante, a company of NHOA Group, have partnered to install 5,000 fast-charging points by 2025 and over 35,000 by 2030 across Spain, Italy, France, and Portugal. The project aims to create the first public electric vehicle charging network 100% powered by renewable energy sources. Atlante has chosen Wallbox as a preferred partner due to its production capacity and global leadership in the manufacturing of superfast chargers for EV.

Wallbox (Ticker: WBX) accelerates partnership with Sonepar, closing their ninth local partnership with Elektroskandia Sverige in Sweden. The collaboration aims to advance the energy transition by providing installers access to cutting-edge EV charging solutions. Sonepar and Wallbox have expanded their joint efforts into multiple countries, including the USA, Spain, Italy, Switzerland, France, Canada, Austria, and the Netherlands. This move aligns with the growing EV charging market and the companies' commitment to driving innovation and sustainability within the electrical industry.

WBX: Wallbox N.V. Announces Q3 2023 Financial Results and Business Update, Revenue of €32.5 million, Gross Margins Up 35%, ABL Acquisition, Partnership with Kia, and Cost Reduction Targets Exceeded

Wallbox N.V. announces a strategic partnership with Osprey, a leading rapid EV charging network in the UK. The collaboration will begin with the installation of 125 units of Wallbox's Supernova DC rapid charger at Osprey low-voltage connection stations. The Supernova charger is designed for ease of use and reliability, offering a user-centric experience and scalable units to improve availability. Both companies aim to accelerate the transition to zero-emission transport.

Wallbox and Bidirectional Energy have partnered to receive funding from the CEC REDWDS grant. They will offer Wallbox's Quasar 2 bidirectional charger with the Bidirectional Energy EV charger management platform. The partnership aims to deploy bidirectional chargers in California residential homes, providing benefits such as cost savings on utility bills and participation in vehicle-to-grid programs. If successful, additional funding will be available for further deployment across California. Quasar 2 has a Power Recovery feature that allows users to use their EV as a backup power source during outages. The partnership also aims to provide users with yearly energy bill savings of over $1,000 through utility programs and time-of-use rates.

Wallbox acquires operations and assets of ABL GmbH for €15 million, enhancing its competitive position in key markets and accelerating its path to profitability.