Generac, Wallbox announce strategic investment and commercial agreement

Generac Power Systems (GNRC) announced it has made a minority investment in Wallbox (WBX). 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 approximately 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.