7 June, Munich, Germany; Wallbox N.V., (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, will showcase its first CCS compatible bidirectional charger at The Smarter E Europe, the world’s leading exhibition for the solar industry held in Munich, Germany.
Visitors will have the opportunity to see live demonstrations of the bidirectional technology connected to an EV in a real life setting at the Wallbox booth in the Power2Drive trade fair,Hall B6, booth 320.
Aside from its bidirectional technology, Wallbox will showcase its full suite of charging and energy management solutions for the home, business and public segments, including SIRIUS, its sophisticated energy management solution which is a finalist for the Smarter E Award for Outstanding Projects.
After the success of its world’s first bidirectional charger for home, Quasar, Wallbox will showcase and offer live demonstrations of Quasar 2, its future proof bidirectional EV charger, designed to be compatible with next generation electric vehicles. Quasar 2 uses the CCS protocol, to ensure its compatibility with EV models launching in the European market.
Quasar 2 enables EV owners to save on home energy costs through vehicle-to-home V2H and vehicle-to-grid V2G functionality. Studies show that by utilizing bidirectional charging, users can save up to 1000€ annually*, live more sustainably, help balance mounting pressure on the grid and accelerate the transition to renewable energy.
Through the 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 which often coincides with peak energy times, Quasar 2 transforms an EV into a powerful energy storage device. On average, an EV can power a European home for over 3 days.
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.
Media Event: Quasar 2, Reimagine what charging can do. Wallbox offers live demonstration of its first CCS bidirectional charger.
WHAT: Wallbox will unveil and offer a live demonstration of its first CCS-compatible bidirectional EV charger for the European market, including a Q&A session with the experts.
WHEN: 12:00 – 12:30 PM June 14, 2023
WHERE: Power2Drive trade fair, Wallbox Chargers booth, Hall B6, booth number 320
WHO: Co-Founder and Chief Innovations Officer, Eduard Castañeda
Head of Product, Bidirectional Charging, Guillem Iváñez
Wallbox will launch Orion, Wallbox’s high-performing AC charger designed for scalable and profitable EV charging.
Orion has been designed to increase profitability for charge point operators through improved installation, faster commissioning, increased robustness and reliability, and improved power management.
Wallbox will host two seminars on their latest EV charger at their booth at Power2Drive.
Product Seminar: Orion Unveiling – Powering profitable EV charging
WHAT: Wallbox will unveil Orion, it’s first AC charger with integrated MID
WHEN: 14:30 Wednesday 14 June and 15:30, Thursday 15 June
WHERE: Power2Drive trade fair, Wallbox Chargers booth, Hall B6, booth number 320
WHO: Jon Goitia, Wallbox Senior Product Manager
Lars Schauerhammer (DE), Senior Account Executive DACH
Wallbox will also showcase its extensive line of hardware and software solutions for home, business and public sectors at The Smarter E Europe, including its advanced energy management systems SIRIUS, which is a finalist for The Smarter E Award.
SIRIUS is Wallbox’s pioneering energy intelligence which is able to integrate the electric grid with numerous Distributed Energy Resources (DERs) including solar panels, EV chargers, stationary batteries and EV car batteries. SIRIUS balances connected energy resources in real-time to cover a building’s power demand and is designed to optimize energy costs and environmental impact. Sirius can even work in tandem with Quasar 2, Wallbox’s bidirectional charger, enabling buildings to utilize an EV fleet as an additional source of energy. SIRIUS has demonstrated that it can save 50% on your energy bills and reduce the amount of power supply needed to run big building facilities by half.
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 wallboxjordan.com.
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.wallboxjordan.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.
Contact:
Elyce Behrsin, Head of Global Public Relations, [email protected]
*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.