Generac, a leader in power systems, has made a minority investment in Wallbox, a global provider of electric vehicle (EV) chargers. This partnership allows Generac to offer Wallbox’s complete range of charging solutions to U.S. customers, including its bidirectional home DC unit.
Wallbox ($WBX) is a Spanish company specializing in advanced EV charging and energy management systems, designed to change how users interact with the power grid. In less than a decade, Wallbox has created and distributed a variety of residential, commercial, and public EV charging products across more than 100 countries. In addition to its EV chargers, Wallbox provides energy management tools like its Power Boost dynamic load balancing system and Eco Smart, which enables solar-powered EV charging at home.
As the shift to electric mobility intensifies for both consumers and commercial fleets, enhancing and electrifying existing infrastructure is more important than ever. Generac shares this vision. While Wallbox is well-established in the EV charging space, Generac Power Systems, Inc. ($GNRC) has been a key player in energy technology for nearly 65 years, dating back to when it introduced the first affordable backup generator in the 1960s.
Looking ahead, Generac is focused on transforming energy and grid management through sustainable products. Its investment in Wallbox is part of this strategy, giving its customers access to Wallbox’s state-of-the-art EV chargers.
Generac has joined Wallbox’s board and will begin selling its EV chargers.
According to Per Wallbox, Generac has taken a minority stake in the company and gained a seat on its board of directors.
In addition to the financial investment, Generac has secured a seat on Wallbox’s board of directors, further cementing their collaboration. Both companies have signed a global commercial agreement, which allows Generac to distribute Wallbox’s EV chargers to its residential and commercial customers. This includes Wallbox’s flagship product, the Quasar 2 bidirectional home charger, which supports two-way energy flow between an electric vehicle and the grid.
Generac’s investment aligns with its broader “Powering a Smarter World” initiative, which focuses on introducing new products, growing its customer base, and expanding into new markets while prioritizing cost reduction and sustainability. Since 2017, Generac has acquired 15 energy companies to facilitate its transition into clean energy. By adding Wallbox to its portfolio, Generac strengthens its push toward sustainable energy solutions. Generac President and CEO Aaron Jagdfeld emphasized the importance of this relationship:
“This collaboration is a key component of our Powering A Smarter World strategy, enhancing our residential, commercial, and industrial energy systems. Our first joint effort will advance Generac’s entry into the EV charging sector with cutting-edge technology, including a co-branded home bidirectional EV charger. We aim to further integrate Generac and Wallbox technologies, combining our brand strengths to provide a broader array of solutions for both homes and businesses.”
Generac’s extensive U.S. dealer network, which includes over 8,700 dealers, will now play a role in distributing Wallbox EV chargers and related technologies. Installation services for these products will be handled by Generac’s COIL subsidiary. Wallbox co-founder and CEO Enric Asunción also expressed enthusiasm about the collaboration:
“We believe our partnership with Generac will help accelerate the energy transition through accessible and innovative energy solutions. With Generac, the U.S. market leader in residential standby power, joining our distribution network, we are creating a level of accessibility not currently available in the marketplace. We are excited to have them as a partner and investor, and we look forward to delivering greater value to customers and shareholders.”
Initially, the partnership will focus on providing EV fast-charging solutions to businesses that offer public access, such as supermarkets, shopping centers, and restaurants. The integration of Generac’s energy expertise and Wallbox’s advanced EV charging technology is expected to significantly enhance the availability of charging infrastructure, supporting the transition to electric mobility and contributing to a more sustainable energy ecosystem in the U.S.