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Generac and Wallbox form partnership

By Stephen Elliott

December 10, 2023

Generac Power SystemsGenerac, 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 Wallbox’s board of directors and a global commercial agreement to provide Generac’s residential and commercial customers with the next generation of energy management systems.

Through the execution of the commercial relationship, Generac will offer its customers Wallbox’s full suite of EV charging solutions, including L2 AC chargers and its bidirectional charger, Quasar 2. Generac’s 60+ years of experience distributing energy resilience devices and its network of approximately 8,700 dealers will be a strategic addition to Wallbox’s distribution network in the U.S., the companies said.

“This commercial relationship supports our Powering A Smarter World enterprise strategy and the continued build out of our residential, commercial and industrial energy ecosystems,” said Aaron Jagdfeld, president and CEO, Generac. “Our first joint effort will accelerate Generac’s 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.”

“We believe the commercial relationship between Wallbox and Generac supports our joint vision of accelerating the energy transition through innovative and accessible energy solutions,” said Enric Asuncion, co-founder and CEO, Wallbox. “Adding 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. We’re excited to welcome them as a collaborator and investor, and look forward to delivering increased value to customers and shareholders.”

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