Generac invests in EV charging tech innovator Wallbox

Wallbox Quasar2 V2H
Wallbox Quasar2 V2H

Generac Power Systems made a minority investment in Wallbox, an innovator in smart electric vehicle (EV) charging and energy management solutions. As part of the investment, Generac gets a seat on Wallbox’s board of directors and a global commercial agreement to provide Generac’s residential and commercial customers with Wallbox 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 distribution of Wallbox’s technology will also include its DC fast charger, Supernova, and installation services through COIL, which are aimed at businesses with public access such as supermarkets, shopping centers, and restaurants by providing access to reliable DC fast chargers.

“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 of 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.”

Generac has an extensive network of approximately 8,700 dealers, which will be expand Wallbox’s distribution network in the U.S.

“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 Asunción, co-founder and CEO of 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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