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Wallbox Launches Virtual Power Plants in California and New York Through Leap Partnership

1. Wallbox launched virtual power plants in California and New York. 2. New partnership with Leap enhances grid flexibility and user incentives.

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FAQ

Why Bullish?

The launch of VPPs signifies strategic growth in a booming EV market, similar to other companies that benefited from expanding services, like Tesla with battery storage solutions.

How important is it?

The launch of VPPs aligns with growing EV market trends, marking a significant competitive advantage for Wallbox.

Why Short Term?

The immediate market response to new product launches and partnerships typically reflects in stock prices within weeks.

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BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global provider of electric vehicle (EV) charging and energy management solutions, today announced the launch of its virtual power plants (VPPs) in California and New York, powered by a new partnership with Leap, a leading platform for building and scaling VPPs. The initiative is part of Wallbox Rewards, a newly launched smart charging program that enables Wallbox users to earn incentives by contributing to grid flexibility through their.

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