Wallbox and Bidirectional Energy Awarded Funding from the California Energy Commission [Yahoo! Finance]
Wallbox N.V. (WBX)
Company Research
Source: Yahoo! Finance
solutions, and Bidirectional Energy a bidirectional EV energy management startup, today announced Phase 1 of their Bidirectional Residential V2X Demonstration Project had been awarded $2.2M in funding from the California Energy Commission ( CEC) REDWDS grant . The project will install and operate Wallbox's bidirectional charger, Quasar 2, in 120 residential locations across California. The bidirectional chargers will be managed by Bidirectional Energy's virtual power plant (VPP) platform to provide home energy backup, utility bill reduction, and additional financial rewards. Bidirectional Energy and Wallbox estimate that Quasar 2 together with the Bidirectional Energy VPP platform can potentially earn users over $1,000* every year when combined with utility Demand Response programs and time-of-use utility rates. By taking advantage of time-of-use utility rates in the U.S., users can enhance the impact of V2X technology by scheduling charging sessions when energy prices are low and d
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News
- U.S. energy department selects Wallbox for $5.2M tax credit [Seeking Alpha]Seeking Alpha
- Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory [Yahoo! Finance]Yahoo! Finance
- Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington FactoryBusiness Wire
- Analysts Expect Breakeven For Wallbox N.V. (NYSE:WBX) Before Long [Yahoo! Finance]Yahoo! Finance
- Wallbox Announces Timing of its First Quarter 2024 Financial ResultsBusiness Wire
WBX
Sec Filings
- 4/26/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/8/24 - Form 144
- WBX's page on the SEC website