Wallbox and EnergyHub forge partnership to enhance EV charging solutions in North America

In a significant development for the electric vehicle (EV) industry, EnergyHub and Wallbox have announced a strategic partnership aimed at enhancing the accessibility and benefits of utility-managed EV charging programs. The collaboration will integrate Wallbox’s range of EV chargers with EnergyHub’s advanced grid-edge flexibility platform, significantly broadening the scope of devices eligible for active and passive managed charging programs.

With a growing number of EVs on the roads, the need for efficient residential charging solutions has never been more critical. According to the U.S. Department of Energy, a substantial 80 percent of all EV charging takes place at home. Managed charging programs are designed to help utilities reshape the charging load, protect distribution assets, and address load growth proactively. These programs also offer financial incentives to participants, making them an attractive option for many EV owners.

Strategic Benefits for Utilities and Customers

EnergyHub’s Vice President of Business Development, Matt Johnson, highlighted the significance of this partnership, noting that it marks a pivotal moment in the company’s mission to provide utilities with access to a broad ecosystem of device partners. The integration, he explained, will deliver immediate advantages to utility clients and their customers who use Wallbox chargers in managed charging programs. This collaboration is set to contribute to a more reliable and decarbonized energy system.

Fred Turner, Senior Director of Wallbox North America, echoed this sentiment, expressing enthusiasm about the partnership. Turner emphasized that, given the majority of EV charging occurs at home, integrating Wallbox’s Level 2 home chargers with EnergyHub’s platform will offer substantial financial and environmental benefits to both customers and utilities.

Expected Outcomes and Enrollment

EnergyHub and Wallbox anticipate that Wallbox devices will begin enrolling in utility programs in August 2024. This integration will allow Wallbox customers to benefit from utility rebates and program participation incentives, significantly reducing the upfront and ongoing costs associated with EV charger ownership. According to EnergyHub, four out of five customers who have participated in utility programs specifically purchased their Level 2 EV chargers to enroll in such programs.

Company Backgrounds

EnergyHub, an independent subsidiary of Alarm.com (NASDAQ: ALRM), is a leading provider of Distributed Energy Resource Management Systems (DERMS). The company’s platform is crucial for utilities managing distributed energy resources to meet grid and market objectives. EnergyHub collaborates with over 70 utilities in North America and manages more than 1.9 GW of flexible capacity.

Wallbox, founded in 2015 and headquartered in Barcelona, is a global technology company dedicated to revolutionising energy usage. The company offers a comprehensive portfolio of advanced EV charging and energy management solutions. Wallbox operates in over 115 countries and has offices across Europe, Asia, and the Americas.