Wallbox Collaborates with Iberdrola to Use 100% Renewable Energy in its New Barcelona Plant and Offices

Wallbox and Iberdrola have signed a long-term on-site Power Purchase Agreement (PPA) to produce, use, and reuse 100% of the renewable energy generated at its Zona Franca plant and offices in Barcelona.

Iberdrola's investment in the photovoltaic installation would enable Wallbox to save money on green energy production and usage from the start. In this way, the energy provider emphasizes renewables' sustainability through bilateral contracts that encourage energy production at competitive and stable rates with broad customers dedicated to sustainable consumption. Wallbox will achieve its target of operating in these facilities with energy autonomy while still reducing its carbon footprint, placing it at the forefront of efficient energy management by focusing primarily on solar energy.

The Wallbox factory in Barcelona's Zona Franca will be outfitted with photovoltaic solar panels that will generate 1,500 MWh/year for self-consumption of these facilities and offices, which is equal to the consumption of 500 households. Installation at the offices will begin at the end of April and will be finished by the end of June, enabling the photovoltaic system to be operational at the start of the second half of the year.

About Wallbox

Wallbox is a leading energy management firm that develops intelligent charging solutions for electric cars. Wallbox builds a smart ecosystem that transforms the way we manage, consume, and store energy by combining cutting-edge technologies with excellent design. Wallbox, which was established in 2015 and has its headquarters in Barcelona, has the goal of facilitating the use of electric cars today to enable more efficient use of energy tomorrow.

Wallbox's technology, which envisions an environment free of fossil fuels, allows people to create, use, and exchange renewable energy in ways they never considered possible. Wallbox now exports to over 60 countries and employs 400 people in offices across Europe, Asia, and the Americas, as well as two of its factories. Wallbox provides four chargers, including Quasar, the world's first bi-directional home charger with innovative bi-directional charging technology, which received the top award at CES, the world's leading industrial technology show.