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Bidirectional Energy and Wallbox Launch North America’s First Multi-State Bidirectional Charging Program

via Business Wire
  • Program launches with 180 households across California and Connecticut
  • Initial phase supports Kia EV9 with Wallbox Quasar 2 and Bidirectional Energy’s Virtual Power Plant (VPP) platform — technology that turns EVs into flexible home energy resources for backup power, bill savings, and grid support
  • Participants may receive up to $10,800 in incentives and earn additional income from grid services

Bidirectional Energy, a software provider enabling EVs to serve as flexible energy resources, today announced in partnership with Wallbox (NYSE: WBX), a global provider of electric vehicle (“EV”) charging and energy management solutions, the launch of North America’s first multi-state bidirectional charging program, open to 180 homes across California and Connecticut.

The pilots will kick off by enabling Kia EV9 owners to leverage Wallbox’s Quasar 2 bidirectional charger and Bidirectional Energy’s virtual power plant (“VPP”) platform to save money, support the power grid, and accelerate the adoption of flexible energy systems across the United States. The program will expand to additional vehicles and homes at a later date.

The program, developed with local utilities and stakeholders in the two states, provides participating customers with substantial incentives: up to $8,800 in California for charger and installation costs, and up to $10,800 in Connecticut, alongside estimated annual energy bill savings and grid support earnings of up to $1,500 and $1,350 in each respective U.S. state. These initiatives make it easier than ever for drivers to adopt cutting-edge charging technology while helping stabilize the grid.

“A key aim of Bidirectional Energy is to make it easy and desirable for drivers to unlock the full value of their EVs while supporting the grid,” said Frances Bell, CEO at Bidirectional Energy. “Opening this program through a partnership with Wallbox helps us bring this innovative technology to everyday consumers—in a way that is simple to enroll, valuable to use, and ready to scale.”

The Quasar 2, Wallbox’s next-generation 12.48-kilowatt (kW) bidirectional charger, enables EV owners to power their homes or send energy back to the grid. Paired with its Power Recovery Unit, the Quasar 2 is also able to provide critical backup power in the event of an outage¹, transforming the EV into a powerful home generator for several days.

As utility rates continue to climb and power outages become a more common occurrence, bidirectional charging can give homeowners more independence and control over their energy usage. Bidirectional Energy is committed to making this technology more accessible to everyone, beginning with its software platform that helps EV owners cut bills, gain backup power, and earn from grid services.

“Bidirectional charging holds the potential to transform how people use and manage energy at home,” said Douglas Alfaro, Chief Business Development Officer at Wallbox. “By partnering with Bidirectional Energy, we’re empowering EV owners to turn their vehicles into energy assets, earning money while supporting a more resilient grid. This is a crucial step in bringing our technology to households across the U.S.”

The pilot program across these two states offers a seamless experience for participants to save thousands of dollars. For this initial phase of the program, homeowners in the two states must own or lease a Kia EV9 to participate and can sign up by verifying their home’s qualifications on the Bidirectional Energy website. Once their home is verified as eligible for program participation, the homeowner can purchase and schedule installation of charging hardware from Wallbox, submitting receipts via the Bidirectional Energy app for rebate reimbursement thanks to the state-funded grants. Bidirectional Energy and its electrical partner will then manage the rest of the process for participants - handling utility interconnection, securing rebate payments, and more. Once the charger is installed, drivers can use the Bidirectional Energy app to “set and forget” charging and grid participation preferences, including mileage buffers to leave in the battery for daily driving needs. Regardless, the app allows drivers to retain full control over how and when their vehicle charges, supports the grid, and is used for driving.

To qualify for this first phase of the pilots, participants must also reside in a single-family or small multi-family home (four units or fewer), be customers of participating utilities, agree to share charging data, and enroll in grid-support programs such as time-of-use or demand response plans. Priority populations make up a significant portion of the target participants in both states, reflecting Wallbox’s and Bidirectional Energy’s commitment to equitable energy access.

Kia EV9 drivers interested in program participation can learn more and reserve their spot at the following links on Bidirectional Energy’s website:

California residents: https://www.bidirectional.energy/ca

Connecticut residents: https://www.bidirectional.energy/ct

¹Wallbox Power Recovery Unit is required for Backup Power functionality; Quasar 2 charger alone cannot power home in the event of an electrical grid blackout. Quasar 2 and Power Recovery Unit may not be compatible with all devices and homes. Backup Power feature is projected to provide up to 3 days of power in areas of a home, based on an average 25 kWh daily usage and 99.8 kWh battery with 100% charge at start, when the home is properly equipped. Results, including time it takes to charge, may vary depending on your actual energy consumption, vehicle usage and maintenance, charging practice, battery age, weather, temperature, size of home or area, battery’s state of charge, and other factors. Backup Power feature can be used until a 20% battery state of charge. Quasar 2 and Power Recovery Unit must be in a residential garage or carport with shade and ventilation.

About Bidirectional Energy

Bidirectional Energy is a software company building the operating system for residential vehicle-to-grid (V2G) capabilities. Its platform connects EVs, chargers, and utility programs to deliver bill savings, backup power, and new income streams for drivers while providing valuable flexibility to the grid. Headquartered in San Francisco, Bidirectional Energy partners with automakers, charger manufacturers, and utilities to bring bidirectional charging from pilot projects to mass adoption. For more information, visit https://www.bidirectional.energy/.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s expected future operating results and financial position, profitability and cost optimization, industry and company growth, business strategy and plans and market opportunity. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives or reduction thereof;political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, geopolitical conflicts, consumer spending, inflation and foreign exchange rates; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Wallbox and Bidirectional Energy launch the first multi-state bidirectional charging program in North America, starting with 180 homes in California and Connecticut.

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