Generac Power Systems, Waukesha, Wis., has made a minority investment in Wallbox, Barcelona, Spain, a global leader in smart electric vehicle (EV) charging and energy management solutions. The minority investment includes adding a Generac seat on Wallboxâs board of directors and a global commercial agreement to provide Generacâs residential and commercial customers with the next generation of energy management systems.
Through the execution of the commercial relationship, Generac will offer its customers Wallboxâs full suite of EV charging solutions, including L2 AC chargers and its bidirectional charger, Quasar 2. Generacâs 60+ years of experience distributing energy resilience devices and its network of approximately 8,700 dealers will be a strategic addition to Wallboxâs distribution network in the U.S., the companies said.
âThis commercial relationship supports our Powering A Smarter World enterprise strategy and the continued build out of our residential, commercial and industrial energy ecosystems,â said Aaron Jagdfeld, president and CEO, Generac. âOur first joint effort will accelerate Generacâs entrance into EV charging with leading technology including a dual branded home bidirectional EV charger. We plan to continue to integrate across Wallbox and Generac technologies and leverage our collective brand strength to extend a broader line of residential and business solutions.â
âWe believe the commercial relationship between Wallbox and Generac supports our joint vision of accelerating the energy transition through innovative and accessible energy solutions,â said Enric Asuncion, co-founder and CEO, Wallbox. âAdding Generac, the market leader in U.S. residential standby power, to our growing distribution network will provide a level of accessibility that does not exist in the marketplace today. Weâre excited to welcome them as a collaborator and investor, and look forward to delivering increased value to customers and shareholders.â