The $25.6 million of proposed awards to
nonprofit partners will be used to deploy Wallbox Pulsar Pro AC
Level 2 chargers across Greystar multifamily housing properties
throughout the state of Washington with a strong focus on
environmental justice communities
Wallbox (NYSE: WBX), a global leader in electric vehicle (EV)
charging and energy management solutions, and COIL, a leading EV
charging installation service and Wallbox subsidiary, announced
today that, in conjunction with partners Clean and Prosperous
Institute and Adopt a Charger, they have secured proposed awards of
$25.6 million from the Washington Department of Commerce’s Electric
Vehicle Charging Program. The awards, announced as part of the
Department’s first round of the program, will be used to deploy
Wallbox’s latest AC Level 2 charger, the Pulsar Pro, across 148
multifamily housing properties throughout the state of
Washington.
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Wallbox's newest EV charger, Pulsar Pro,
installed in multifamily housing. (Photo: Business Wire)
“One of the most commonly cited concerns for prospective EV
drivers is access to EV charging, especially for those who do not
live in detached houses. Wallbox and the State of Washington have a
shared commitment of ensuring that chargers are deployed across all
use cases, including multifamily housing, to ensure that benefits
of going electric are accessible to all,” said Erik Fogelberg,
General Manager of Wallbox North America. “We are excited to
partner alongside the Department, and our partners, to deliver best
in class charging solutions, including installation through COIL,
across the state of Washington.”
The project will utilize Pulsar Pro AC Level 2 chargers,
Wallbox’s latest EV charger, designed specifically for commercial
and multifamily residential use in the North American market.
Pulsar Pro is equipped with RFID integration and ISO 15118
readiness, ensuring secure and future-ready charging capabilities.
The Pulsar Pro stands out for its dynamic power sharing feature,
which monitors the building’s power and automatically allocates
power to connected EVs, reducing the need for costly upfront
electrical infrastructure upgrades and realizing the full value of
Washington’s public investments in charging infrastructure.
The projects will be designed and installed by COIL in
partnership with Resound Energy, a Washington-based energy
efficiency contractor, at 148 multifamily housing properties,
including 146 Greystar properties. While multifamily housing
traditionally represents a more challenging use case for charging
infrastructure deployment, this program showcases the importance of
coordinated efforts in delivering EV charging access at scale.
Adopt A Charger will also provide consumer education to respective
projects for the chargers installed and benefits of electrification
for the multifamily properties in order to support electric vehicle
adoption and easy access to charging.
This award is part of a larger $85 million dollars initially
announced in February by Washington Governor Jay Inslee and the
Washington Department of Commerce, representing the first of two
announced rounds of funding dedicated to supporting clean
transportation, improving air quality, and ensuring EV charging
access for all Washington drivers by addressing key gaps in the
state’s light duty charging infrastructure, including multifamily
housing, public parking, and fleet and workplace charging.
Allocations were made to applicants through a competitive scoring
process that prioritized installations in areas experiencing higher
levels of pollution and a scarcity of existing charging access,
along with other criteria.
"Washington is at the forefront of transportation
electrification, and we will continue to invest in strategies and
programs that decarbonize our economy, generate clean jobs, and
promote electric vehicle adoption,” said Michael Furze, Assistant
Director, Energy Division of the Washington State Department of
Commerce. “The Washington Electric Vehicle Charging Program is a
prime example of utilizing public-private partnerships to deliver
access to charging infrastructure while prioritizing installations
in communities that are most vulnerable to health impacts of air
pollution.”
“We are excited that our Charging Forward Together program has
been awarded funding for 1,375 charging ports to multifamily
buildings across the state. Our partnership with Wallbox, COIL and
Greystar links the public, non-profit and private sector into a
strong force for the decarbonization of our transportation sector,”
said Michael Mann, Executive Director of Clean and Prosperous
Institute.
"At Adopt a Charger, we are particularly grateful to be
partnering with Wallbox on multifamily charging because it has been
a difficult use case to enable. Adopt a Charger has used the
Wallbox solution in previous projects, and it has proven to be a
cost effective, reliable, and accessible solution." said Kitty
Adams Hoksbergen, Executive Director of Adopt a Charger. "Providing
access to low cost power, where renters park their cars at night,
is a game changer for the adoption of electric vehicles."
“We are thrilled to be the electrical contracting partner with
Wallbox and Greystar Properties to bring our extensive experience
in EVSE installation to support this effort,” said Jason Steiner,
VP of Sales for Resound Energy states. “Our network of electrical
and civil staff specialize in the design and build of electrical
charging projects for commercial facilities in the Pacific
Northwest.”
About Wallbox Chargers
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 the
relationship between users and the network. Wallbox goes beyond
charging electric vehicles 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 100
countries around the world. Founded in 2015 in Barcelona where the
company's headquarters are located, Wallbox currently has offices
across Europe, Asia, and the Americas.
For more information 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
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact should
be considered forward-looking statements, including, without
limitation, statements regarding the expected consummation of the
acquisition of ABL’s operations and assets, the financial and
operational benefits expected from the acquisition and Wallbox’s
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“project,” “should,” “target,” “will,” “would” and similar
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but involve known and unknown risks, uncertainties and other
important factors that may cause our 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 to successfully
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projections including those regarding its market opportunity;
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COVID-19; losses or disruptions in Wallbox’s supply or
manufacturing partners; impacts resulting from the conflict between
Russia and Ukraine; risks related to macro-economic conditions and
inflation; Wallbox’s reliance on the third-parties outside of its
control; risks related to Wallbox’s technology, intellectual
property and infrastructure; as well as 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
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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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version on businesswire.com: https://www.businesswire.com/news/home/20240307858646/en/
Wallbox PR Contact: Elyce Behrsin Global Head of PR
elyce.behrsin@wallbox.com Wallbox Investor Contact: Matt
Tractenberg VP, Investor Relations Matt.Tractenberg@wallbox.com
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