23rd of October 2023– Wallbox N.V. (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a strategic partnership with Octopus Energy Group, the energy and technology group delivering a customer-focused and affordable clean energy system across the globe.
The collaboration and recent integration will enable all Wallbox customers to join the ‘Intelligent Octopus Go’ tariff by integrating through their Pulsar Max, the smart home charger designed to unlock time and money for EV drivers.
‘Intelligent Octopus Go’ is a smart EV charging tariff that unlocks significant savings for EV drivers – cars are charged when the grid is cheapest, and usually greenest. It offers an innovative solution for combating climate change and catering to eco-conscious energy consumers.
Switching to this system can save EV drivers more than £600 annually with smart charging rates and home energy efficiency. The ‘Intelligent Octopus Go’ app allows users to schedule the time and amount of charge they need their car back with. Octopus’s tech platform, Kraken, then automates charging during peak renewable energy times, preventing millions of tons of CO2 emissions. It optimises the grid, enhancing energy system reliability and stability, while bringing down energy costs for everyone.
Wallbox and Octopus will cooperate in reducing charging costs. ‘Intelligent Octopus Go’ manages the UK’s largest virtual power plant, surpassing the grid’s biggest battery, now at 500MW through electric vehicles.
“We are proud to announce the partnership with Octopus to implement smart solutions and avoid having to meet increased demand with fossil fuels”, said Ashley McFadden, Wallbox Sales Team Lead. “Parliament states that demand for electricity will increase by about 50% by 2035. We believe that EVs will determine a large share of it”.
“We created ‘Intelligent Octopus Go’ to keep charging costs for EV drivers as low as possible, saving them hundreds of pounds each year whilst taking pressure off the grid by charging their cars when it is greenest. Going green isn’t only good for the planet, it’s also good for your pocket, and we’re thrilled that these super cheap rates are now also available to Wallbox customers”, said Alex Schoch, Head of Flexibility at Octopus Energy.
This is not the first collaboration between Wallbox and Octopus Energy Group. With the previous project, Wallbox installed Quasar, the first generation of its bidirectional charger in consumers’ households to offer grid services, saving users about £360 annually.
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 115 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
About Octopus Energy Group
Octopus Energy is a global energy and technology group, driving the affordable, green energy system of the future. Its operations span 17 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £6 billion portfolio of projects – one of Europe’s largest.
Octopus serves 5.8 million customers through its retail arm, and has licensed its advanced data and machine learning platform, Kraken, to support over 30 million customer accounts worldwide through licensing deals with energy companies, including EDF, E.ON and Origin Energy.
Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website.
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