Wallbox and Atlante Join Forces to Deploy the Largest EV Fast-Charging Network in Southern Europe

Rhea-AI Summary

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.

• Atlante, which recently was selected to receive a € 49.9 million grant from the EU, aims to install 5,000 fast-charging points by 2025 and over 35,000 by 2030 across Spain, Italy, France, and Portugal.
• Atlante has chosen Wallbox as a preferred partner in the project due to its production capacity and global leadership in the manufacturing of superfast chargers for EV.
• Atlante aims to create the first public electric vehicle charging network 100% powered by renewable energy sources.

BARCELONA, Spain--(BUSINESS WIRE)-- Wallbox (NYSE: WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, and Atlante, a company of NHOA Group (NHOA.PA, formerly Engie EPS) dedicated to creating the largest fast and ultra-fast charging network for electric vehicles in Southern Europe, have joined forces to develop new public charging points in Italy, France, Spain, and Portugal.

Atlante has chosen Wallbox as a preferred partner for the installation of their fast charging network due to its production capacity and global leadership in the manufacturing of superfast chargers for EV. (Photo: Business Wire)

Both companies have a long-standing commitment to promoting sustainability and technological innovation in the field of electric mobility and have now further strengthened their collaboration. The partnership with Wallbox will enable Atlante to speed up its ambitious project of installing 5,000 points of charge by 2025 and 35,000 by 2030, all of them 100% enabled by renewables and backed by storage and photovoltaic canopies, where possible.

Atlante’s fast-charging stations will be equipped with Wallbox's public charger Supernova, both in its 60 kW version and the latest 150 kW version. They will be strategically positioned along the primary transportation arteries linking Southern Europe, in strict compliance with the recently ratified legislation by the European Parliament. This legislation stipulates the requirement of establishing at least one charging point per 60 kilometers on the core road network of the European Union, and one for every 100 kilometers on the Trans-European network. Additionally, Atlante will install charging stations in parking lots and strategic urban areas.

Wallbox and Atlante have been collaborating since 2022, when the Italian company chose Wallbox as a key partner for the installation of superfast charging points in its home country, Italy. The Milan-based company already has over 3,500 charging points online and under construction, and thanks to technological partners like Wallbox, it has been able to streamline its project to establish the largest network of fast and ultra-fast public charging in southern Europe. In 2022 and 2023, the company was selected to receive approximately €73 million of grants from the European Union under the CEF 2 Transport – Alternative Fuel Infrastructure Facility program, a funding initiative supporting European transport infrastructure.

As a public charging operator and a strong focus on sustainability, Atlante has chosen Wallbox as its partner due to the extensive range of solutions provided by the Spanish company. Wallbox's leadership in the EV charging market and its production capacity have positioned the company as the ideal partner to execute Atlante's project, since the company exclusively selects suppliers who can ensure maximum reliability and offer an uptime of over 95%, which is the case of Wallbox’s Supernova charger.

“We are excited to announce our collaboration with Atlante, a strategic partner with whom we share a long-term vision, and with whom we will provide our customers with the best possible electric charging experience," says Enric Asunción, CEO and co-founder of Wallbox. "Thanks to our common commitment to promoting the widespread adoption of sustainable transportation, we aim to foster a new energy paradigm based on collaboration and create a pan-European public charging infrastructure, hoping that this partnership will drive many other initiatives that will enhance the consumer charging experience”.

“From the very beginning, we have believed in Wallbox's fast and ultra-fast charging solutions, convinced of the seriousness of Enric and his team's approach in conceiving and manufacturing high-quality products designed specifically for our markets. We are excited to have Wallbox as a partner in the ongoing technological development of our charging solutions, and above all, in the shared challenge of creating an increasingly extensive and accessible charging network for as many EV drivers as possible in Southern Europe. When it comes to hardware selection, we place the utmost importance on the level of reliability and service quality, ensuring users a straightforward and uncompromising performance experience. Therefore, we exclusively use top-tier chargers and have only a few selected partners like Wallbox, whose products complement our offering in the fast-charging segment," states Stefano Terranova, CEO of Atlante.

About Wallbox Chargers

Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in 100+ countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. For additional information, please visit www.wallbox.com.

About Atlante

Atlante is a company of NHOA Group (NHOA.PA, formerly Engie EPS), global player in energy storage and e-mobility, which develops technologies enabling the transition towards clean energy and sustainable mobility, shaping the future of a next generation living in harmony with our planet. Atlante is developing the largest fast and ultra-fast charging network in Southern Europe, 100% enabled by renewables, energy storage and vehicle-grid-integrated (VGI). It aims to install in Italy, France, Spain and Portugal 5,000 fast and ultra-fast points of charge by 2025, and over 35,000 by 2030.

Operating since October 2021, Atlante has today more than 1,400 charging points online in its four countries with thousands more under construction and development. Leveraging on the technological heritage of the NHOA Group, including via collaboration with its sister company Free2move eSolutions, Atlante is a preferential network of the Stellantis automotive group and its customers. Atlante stations are fully interoperable and can be accessed by virtually any e-mobility app or charging card, and by any make and model of electric vehicles.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; as well as the other important factors discussed and incorporated by reference under the heading “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, and as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231120899609/en/

For more information:

Carme Orra

Head of PR Sur de Europa

press@wallbox.com

Tel.: +34 617 87 13 68

Natalia Estepa / Tania Galesi

Roman

n.estepa@romanrm.com / t.galesi@romanrm.com

Tel: +34 646 63 99 18 / +34 680 79 13 94

Davide D’Amico

PressMediaLab

+39 335 7715011, +39 011 7732952 – 106

atlante@pressmedialab.com

Source: Wallbox

FAQ

What is the goal of the partnership between Wallbox and Atlante?

The partnership aims to install 5,000 fast-charging points by 2025 and over 35,000 by 2030 across Southern Europe, powered by renewable energy sources.

Why has Atlante chosen Wallbox as a preferred partner?

Atlante chose Wallbox due to its production capacity and global leadership in the manufacturing of superfast chargers for EV.

What is the legislative requirement for charging points in the European Union?

The recently ratified legislation stipulates the requirement of establishing at least one charging point per 60 kilometers on the core road network of the European Union, and one for every 100 kilometers on the Trans-European network.

What is the Supernova charger by Wallbox?

The Supernova charger by Wallbox is available in 60 kW and the latest 150 kW versions and will be used in Atlante's fast-charging stations.