Wallbox Becomes Signatory to U.S. Department of Energy’s Vehicle to Everything Memorandum of Understanding, Joins Industry Push for V2X Technology Integration
July 13 2023 - 2:24PM
Business Wire
Wallbox (NYSE:WBX), a leading provider of electric
vehicle (“EV”) charging and energy management solutions worldwide,
today announced that it was selected to join the United States
Department of Energy’s Vehicle-to-Everything (“V2X”) Memorandum of
Understanding in its latest round of signatories.
Wallbox joins other industry leaders in signing the MOU, a
first-of-its-kind collaborative in the United States that brings
together cutting-edge resources from the DOE, DOE national labs,
state and local governments, utilities and private entities to
evaluate and accelerate technical and economic feasibility of
vehicle-grid integration (VGI), including bidirectional charging,
into energy infrastructure. The MOU will also advance cybersecurity
as a core component of V2X charging infrastructure.
"As a global leader in bidirectional EV charging, Wallbox is
proud to join the U.S. Department of Energy 's V2X collaborative
alongside industry leaders to help accelerate development and
deployment of the technology,” said Enric Asunción, CEO of Wallbox.
“V2X charging has the potential to enable a new energy paradigm by
offering cost savings for everyday customers, facilitating the
adoption of electric vehicles, and helping build the infrastructure
required for a climate resilient future.”
“Bidirectional EV charging will play an increasingly important
role in supporting the electrical grid and improving the country’s
energy security and resilience in coming years,” said Rima Oueid,
DOE’s V2X MOU lead and senior commercialization executive at the
Office of Technology Transitions (OTT). “We are excited to continue
expansion of the collaborative with more participants that are
committed to demonstrating the momentum and successfully scaling
the deployment of V2X technologies to support our energy
infrastructure.”
An early mover in the field of bidirectional charging, Wallbox
will leverage its technical expertise and resources to actively
address barriers and expedite the commercialization of
technologies. Wallbox has a track record of leadership in V2X and
bidirectional charging. Wallbox has been recognised for its
innovations in the area by the likes of TIME Magazine, Fast
Company, TechCrunch and Reuters. The company has also been selected
for a number of current and upcoming V2X programs including the
Octopus Energy Powerloop program, and a V2X research project funded
by the Department for Energy Security and Net Zero (DESNZ) in the
UK. Most recently the company offered live demonstrations of V2X
using the latest generation of its bidirectional charger, Quasar 2,
at the world’s largest clean energy event, The Smarter E
Europe.
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 the
relationship between users and the network. Wallbox goes beyond
charging electric vehicles 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 115 countries
around the world. Founded in 2015 in Barcelona, where the company’s
headquarters are located, Wallbox currently has offices across
Europe, Asia, and America. For more information, visit
www.wallbox.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
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in Section 27A of the Securities Act of 1933, as amended (the
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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
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opportunity; competition; risks related to health pandemics
including those of COVID-19; losses or disruptions in Wallbox’s
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230713495263/en/
Wallbox PR: Elyce Behrsin PR Manager Global
press@wallbox.com
Wallbox Investors: Matt Tractenberg VP, Investor
Relations Matt.Tractenberg@wallbox.com +1 404-574-1504
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