Wallbox Announces its Latest Bidirectional EV Charger, Quasar 2, has Confirmed Compatibility with CUPRA BORN 77kWh

• Quasar 2’s compatibility with the CUPRA BORN 77kWh makes Wallbox the first company to confirm interoperability with a CCS electric vehicle in Europe.
• Wallbox conducted live demonstrations of Quasar 2 performing V2H and V2G actions with CUPRA BORN 77 kWh at Power2Drive in Munich.
• Wallbox’s Quasar 2 will be available for select projects in Europe in Q4 of this year.

BARCELONA, Spain--(BUSINESS WIRE)-- Wallbox N.V., (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, performed live demonstrations of its first CCS bidirectional charger, Quasar 2, showcasing vehicle-to-home (“V2H”) and vehicle-to-grid (“V2G”) capabilities with a CUPRA BORN 77kWh, the first EV with confirmed compatibility with Quasar 2.

The demonstration occurred at Power2Drive this year at the Smarter E Europe event in Munich, Germany. Full Compatibility with other next-generation EVs is expected in the coming months.

Wallbox, the manufacturer of the world’s first DC bidirectional EV home charger, announced that the first projects for Quasar 2 will be launched in Q4 of this year.

“Bidirectional charging unlocks the largest battery available in a home system: an EV battery. As our energy needs increase, the potential impact of bidirectional charging to democratize energy becomes undeniable,” said Guillem Iváñez, Head of Bidirectional Charging at Wallbox. “As the first manufacturer to launch a bidirectional charger in the market, and the first to confirm compatibility with a CCS vehicle, Wallbox has proven product readiness and the ability to lead the way in the new energy paradigm.”

Wallbox also offered a demonstration of Quasar 2’s power recovery feature, designed specifically for the acute need for backup power in the U.S. This feature illustrates that EV chargers can go beyond energy efficiency and grid services, providing a critical load to a home during power outages. Blackouts such as this have become increasingly common around the world, due to a rise in natural disasters and an aging electricty grid.

Quasar 2 enables EV owners to save on home energy costs through V2H and V2G functionalities. Studies show that by utilizing bidirectional charging, users can save up to 1,000€ annually, live more sustainably, and help balance mounting pressure on the grid.

Quasar 2 transforms an EV into a powerful energy device. On average, an EV can power a European home for over 3 days. Through the Wallbox app, users can automatically schedule charging sessions at times when energy rates are low or solar energy is available, and discharge their car to power their home when rates are high, during hours of peak energy usage.

Users who have solar panel installations can also store excess energy in their EV during low usage periods and then harness this energy at another time, including peak periods, to reduce their reliance on the grid while allowing users to be more energy autonomous and live more sustainably.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 113 countries around the world. Founded in 2015 and headquartered in Barcelona, the company now employs more than 1,250 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

Forward-Looking Statements

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*Maximum savings assuming a user with access to a tariff Time of Use tariffs with a given delta between on and off peak periods prices. No grid or retailer fees, taxes or levies are considered. Parameters for the simulation: Electricity house consumption of 7880 kWh per year, no PV installation and EV is plugged in one weekday per week and the entire weekend. Wallbox does not guarantee the savings. Final savings depends on the country, electricity tariffs available, consumption profile, PV installation and EV usage profile.

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Press:

Elyce Behrsin, Head of Global Public Relations, elyce.behrsin@wallbox.com

Investor Relations:

Matt Tractenberg, Vice President of Investor Relations, matt.tractenberg@wallbox.com

Source: Wallbox