Generac Invests in Wallbox, a Global Supplier of Smart Electric Vehicle Charging Solutions

Generac Power Systems, Inc., a global designer and manufacturer of energy technology solutions and other power products, announced it has made a minority investment in Wallbox, a global supplier of 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 extensive network of over 8,700 dealers will be a strategic addition to Wallbox’s distribution network in the U.S. Generac’s distribution of Wallbox’s technology, including its DC fast charger, Supernova, and installation services through COIL, will accelerate the development of energy ecosystems for businesses with public access, such as supermarkets, shopping centers, and restaurants by providing access to reliable DC fast chargers that can add up to 100 miles to an EV in ten minutes.

As consumers and businesses continue to electrify legacy systems and EV adoption accelerates, power consumption is projected to more than double by 2050. Additionally, the share of renewables in the power mix is projected to more than double in the next 20 years. With that, the need for sophisticated technology that can manage energy generation, storage, and distribution between the current grid and next generation EVs is critical in order to accelerate the adoption of renewable energy.