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Wallbox and PowerGo Announce Collaboration to Deploy EV Charging Solutions Across Hotels in the Netherlands

1. Wallbox partners with PowerGo to enhance EV charging in the Netherlands. 2. Collaboration includes installation of AC and DC charging stations at hotels. 3. Milestones reached at Mercure and Novotel Amsterdam, expanding beyond initial installations. 4. Future installations planned across various hotels in North and South Holland. 5. Partnership aligns with growing demand for sustainable mobility solutions.

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FAQ

Why Bullish?

The partnership enhances Wallbox's market penetration and visibility, potentially leading to increased revenue. Historical collaborations in the EV sector often resulted in positive stock performance due to scaling opportunities and consumer interest.

How important is it?

The collaboration with PowerGo not only expands Wallbox's operational reach but also integrates renewable energy into their offerings, appealing to environmentally conscious consumers. This move may significantly drive sales and public perception, crucial for long-term success.

Why Long Term?

This partnership is likely to foster sustained growth and market position over time, akin to the long-term benefits seen by companies like ChargePoint after strategic collaborations. As infrastructure expands, customer adoption rates are expected to increase significantly.

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BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a collaboration with charge point operator PowerGo to accelerate the deployment of AC and DC charging infrastructure across Essendi hotels in the Netherlands. This collaboration brings together Wallbox’s advanced charging technology and PowerGo’s renewable energy-powered infrastructure to support the country’s growing demand for sustainable mobility. The installations will feature Wallbox’s Em4, a robust AC charger designed for high-traffic environments, and Supernova, the company’s high-efficiency DC fast charger. Both models are designed to support a seamless user experience, remote management, and integration with renewable energy sources, aligned with PowerGo’s green charging solutions. The collaboration has already reached key milestones, starting with Mercure Amsterdam City, where the first installation became operational. Since May, guests and visitors have been able to charge their EVs at six 22 kW AC charging points, with two 150 kW DC charging points planned to be installed once the upgraded grid connection is in place. In June, Novotel Amsterdam City also became operational, offering two 150 kW DC and six 22 kW AC charging points. These installations mark the beginning of a potential broader rollout within Essendi’s hotel portfolio in the Netherlands. Upcoming installations are expected at multiple hotel locations in the provinces of North Holland and South Holland, including the Ibis and Ibis Budget Amsterdam Airport hotels at Schiphol, as well as the Novotel in Rotterdam Brainpark. “At Wallbox, we develop smart charging solutions that make electrification accessible and scalable,” said Eduard Castañeda, Chief Fast Charging Officer and Co-Founder of Wallbox. “Collaboration with PowerGo aims to deliver high-performance charging experiences in key locations, combining smart features, ease of use and robust design, while also showcasing the Wallbox portfolio.” PowerGo, a subsidiary of solar energy specialist PowerField, operates more than 1,700 public charging points across seven European countries. Its network is powered by solar energy generated from PowerField’s solar parks, offering a truly green charging experience. By leveraging in-house expertise with strategic partnerships, PowerGo plays a leading role in accelerating the rollout of fast and public EV charging infrastructure. “Our partnership with Wallbox enables us to expand the charging network across the Netherlands,” said Sander Bos, Project Manager for the Netherlands at PowerGo. “By combining their technology with our solutions, we provide our partners and EV drivers with a reliable and future-proof charging experience. This collaboration is a great step towards making electric mobility more accessible and supporting a greener future.” About Wallbox 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 100 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 PowerGo PowerGo is active in seven European countries and currently operates more than 1,700 charging points. The Charge Point Operator (CPO) develops public and fleet charging solutions for partners including HelloFresh, Basic-Fit, Jumbo, PLUS, Radisson Hotel Group, and various governments. More locations are underway as PowerGo continues to expand its presence across Europe. PowerGo is the subsidiary of PowerField, a Dutch organisation specialised in the production, storage, trade and energy management of solar energy. PowerGo’s charging stations are powered by energy from PowerField’s solar parks. Together, PowerField and PowerGo offer the full solution: production, storage, and use of renewable energy. www.powergo.energy Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption “Risk Factors” in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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