Driving the Future: Wallbox Partners with DOE for Bidirectional EV Charging

Wallbox joins DOE’s V2X collaboration unlocking the power of bidirectional EV charging.

Today, Wallbox announced that it has been selected to join the United States Department of Energy’s Vehicle-to-Everything (“V2X”) Memorandum of Understanding. The company is the latest to join during this round of signatories. Other industry leaders have also signed the MOU, which is a first-of-its-kind collaboration in the United States. It brings together cutting-edge resources from the DOE, DOE national labs, state and local governments, utilities, and private entities to evaluate and accelerate the technical and economic feasibility of integrating vehicle-grid integration (VGI), including bidirectional charging, into energy infrastructure. The MOU will also promote cybersecurity as a core component of V2X charging infrastructure.

Bidirectional EV Charging Strengthens Energy Infrastructure

In the coming years, bidirectional EV charging will increasingly support the electrical grid and enhance the country’s energy security and resilience. Wallbox is excited to expand the collaboration with more participants. This includes companies dedicated to demonstrating momentum and successfully scaling the deployment of V2X technologies to bolster our energy infrastructure.

Wallbox’s Commitment to Advancing V2X Technologies

Wallbox is an early pioneer in bidirectional charging. The company will actively utilize its technical expertise and resources to overcome barriers and expedite the commercialization of technologies. The company holds a track record of leadership in V2X and bidirectional charging. It has earned recognition from esteemed publications such as TIME Magazine, Fast Company, TechCrunch, and Reuters for its innovations in the field.

Furthermore, Wallbox actively participates in several current and upcoming V2X programs. This includes the Octopus Energy Powerloop program and a V2X research project. Funding for these programs comes from the Department for Energy Security and Net Zero (DESNZ) in the UK. Most recently, the company showcased live demonstrations of V2X using its latest generation bidirectional charger, Quasar 2, at The Smarter E Europe, the world’s largest clean energy event.

“As a global leader in bidirectional EV charging, Wallbox is proud to join the U.S. Department of Energy ‘s V2X collaborative alongside industry leaders to help accelerate development and deployment of the technology. V2X charging has the potential to enable a new energy paradigm by offering cost savings for everyday customers, facilitating the adoption of electric vehicles, and helping build the infrastructure required for a climate resilient future.”
Enric Asunción, CEO, Wallbox

Wallbox shares were trading at $4.56, showing an increase of $0.095 per share (+2.13%).