Generac Power Systems announced today that has made a minority investment into EV company Wallbox. Generac will offer its customers Wallbox’s full suite of EV charging solutions, including Level 2 AC chargers and its bidirectional charger Quasar 2.
“This commercial relationship supports our Powering A Smarter World enterprise strategy and the continued build out of our residential, commercial and industrial energy ecosystems,” said Aaron Jagdfeld, president and CEO of Generac. “Our first joint effort will accelerate Generac’s entrance into EV charging with leading technology including a dual branded home bidirectional EV charger. We plan to continue to integrate across Wallbox and Generac technologies and leverage our collective brand strength to extend a broader line of residential and business solutions.”
Generac announced in early 2023 that it would release its own Level 2 charger. Today’s announcement appears to take the place of Generac going forward with its own charger development.
“We believe the commercial relationship between Wallbox and Generac supports our joint vision of accelerating the energy transition through innovative and accessible energy solutions,” said Enric Asunción, co-founder and CEO of Wallbox. “Adding Generac, the market leader in U.S. residential standby power, to our growing distribution network will provide a level of accessibility that does not exist in the marketplace today. We’re excited to welcome them as a collaborator and investor, and look forward to delivering increased value to customers and shareholders.”