Eco-Smart allows Wallbox users to charge their
electric vehicle with solar energy at home;
Power Boost measures a home’s real-time energy
usage and automatically adjusts EV charging based on the electrical
panel’s maximum capacity.
Wallbox (NYSE:WBX), a leader in electric vehicle charging and
energy management solutions worldwide, today announced the launch
of Eco-Smart and Power Boost, the company’s first home energy
management features available for EV drivers in the U.S. Eco-Smart
and Power Boost come standard with Pulsar Plus, the smallest
available smart home EV charger in North America, capable of 48Amp
(11.5kW) charging. With these new features, Wallbox continues to
extend its market leadership in energy management and provide its
users with intelligent charging solutions for sustainable home
energy use.
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the full release here:
https://www.businesswire.com/news/home/20211117005679/en/
Eco-Smart allows Wallbox users to charge
their electric vehicle with solar energy at home. (Graphic:
Business Wire)
“These latest features represent a leap forward in how EV owners
can charge their vehicles at home,” said Douglas Alfaro, General
Manager of Wallbox North America. “With the release of Eco-Smart
and Power Boost, we have reimagined the way in which energy is
monitored, used, accessed and optimized for EV owners throughout
the home. As energy costs and demand are expected to continue to
rise, intelligently managed EV chargers will become not only a
cost-savings measure, but a way to facilitate the transition to
clean energy in the future.”
Maximize clean energy consumption
Eco-Smart uses a power meter to measure the energy from a home’s
rooftop solar system to charge an EV in an efficient and
sustainable way. This feature lets homeowners determine the source
and mix of power to be delivered to the EV and is available in two
modes:
- Full-Green Mode detects when there is enough surplus
green energy available from the home solar PV system to charge an
EV, so that the EV is charged with renewable energy.
- Eco Mode blends grid energy with surplus green energy
from home solar panels, maximizing charging speed while taking
advantage of the available power from the home solar PV
system.
Eco-Smart can be controlled through the myWallbox app on a
mobile device if the user prefers to switch to all-grid power.
Enable more powerful EV charging at home
Power Boost is designed to allow installation of a more powerful
charger where the home's electrical capacity might otherwise
require limiting the power available for EV charging.
Power Boost is able to measure the real-time energy usage of a
household and dynamically adjust EV charging power. This permits
users to install a more powerful EV charger in their homes. When
electrical consumption of the household is increased, for example,
when air conditioning is in use, EV charging power can be
dynamically reduced to avoid overloading the electrical system. As
household electrical consumption decreases, EV charging power is
increased so that users can charge at maximum speed.
The heart of the energy management system
Both Power Boost and Eco-Smart features are embedded within
Pulsar Plus and are easily activated through the myWallbox app and
with the professional installation of a power meter kit (available
at wallbox.com or via a Wallbox-certified reseller).
Pulsar Plus, Wallbox’s best selling home charger worldwide, is
compatible with all EVs, including Teslas, using the Tesla-provided
J1772 adapter. Features include flexible amperage setting,
Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing,
the myWallbox app, and voice control via Amazon Alexa and Google
Home.
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 80
countries.
Founded in 2015 and headquartered in Barcelona, the company now
employs over 700 people in its offices in Europe, Asia, and the
Americas.
For additional information, please visit www.wallbox.com.
Wallbox Forward Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, without limitation, statements regarding the expected
cost savings expected from the use of Eco-Smart and Power Boost and
the ability for Eco-Smart and Power Boost to reduce electrical
consumption. In some cases, you can identify forward-looking
statements by terminology such as "anticipate," "believe," "may,"
"can," "should," "could," "might," "plan," "possible," "project,"
"strive," "budget," "forecast," "expect," "intend," "will,"
"estimate," "predict," "potential," "continue" or the negatives of
these terms or variations of them or similar terminology, but the
absence of these words does not mean that statement is not
forward-looking. Such forward-looking statements are subject to
risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward looking statements. In addition, any statements or
information that refer to expectations, beliefs, plans,
projections, objectives, performance or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking.
These forward-looking statements are based on management’s
current expectations and beliefs. These statements are neither
promises nor guarantees, but involve known and unknown risks,
uncertainties and other important factors that may cause Wallbox’s
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 electronic
vehicles including the success of alternative fuels, changes to
rebates, tax credits and the impact of government incentives;
Wallbox’s ability to successfully manage its growth; the accuracy
of Wallbox’s forecasts and projections including those regarding
its market opportunity; competition; risks related to health
pandemics including those of COVID-19; losses or disruptions in
Wallbox’s supply or manufacturing partners; Wallbox’s reliance on
the third-parties outside of its control; risks related to
Wallbox’s technology, intellectual property and infrastructure; and
other important factors discussed under the caption "Risk Factors"
in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC
on September 20, 2021, as such factors may be updated from time to
time in its other filings with 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.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in 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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Sara Long Spark for Wallbox wallbox@sparkpr.com
Wallbox NV (NYSE:WBX)
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