Wallbox Announces its Latest Bidirectional EV Charger, Quasar 2, has Confirmed Compatibility with CUPRA BORN 77kWh
June 22 2023 - 11:50AM
Business Wire
- 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.
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
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
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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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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.
*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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version on businesswire.com: https://www.businesswire.com/news/home/20230622209280/en/
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
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