Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory
Wallbox N.V. (WBX)
Company Research
Source: Business Wire
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging solutions, today announced that it has been allocated a $5.2 million tax credit under the highly competitive 48C Qualifying Advanced Energy Tax Credit Program by the U.S. Department of Energy (DOE). The credit will support the expansion of Wallbox's flagship U.S. EV supply equipment (EVSE) manufacturing facility in Arlington, Texas.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423003035/en/Wallbox's 150,000-square-foot factory in Arlington, Texas (Photo: Business Wire)The 48C tax credit, expanded as a part of the Inflation Reduction Act, is designed to shore up investment and address critical needs across the clean energy economy, including grid components, electric vehicle components and chargers, solar components, and other critical clean energy materials. The credit provides up to 30% in tax credits f
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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
- 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
- Wallbox Appoints Luis Boada as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
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