EnergyHub and Wallbox Partner to Accelerate Growth of Utility Programs for EV Managed Charging

Integration makes it easy for EV drivers to access the benefits of utility programs, helping programs scale

EnergyHub, a top provider of grid-edge flexibility, and Wallbox, (NYSE:WBX) a global leader in electric vehicle (EV) charging and energy management, announce they've partnered to make the benefits of utility programs for EV managed charging accessible to Wallbox customers across North America.

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Integration of Wallbox EV chargers with EnergyHub's platform expands the number of devices eligible to participate in utility active and passive managed charging programs.

With more EVs on the road, the demand for residential charging solutions is growing steadily. According to the U.S. Department of Energy, 80 percent of all EV charging occurs at home. Managed charging programs help utilities reshape EV charging load, protect distribution assets, and proactively address load growth while providing their customers with financial incentives to participate.

"Our partnership with Wallbox is an important milestone in our commitment to provide utilities with access to the industry's largest ecosystem of device partners," said Matt Johnson, VP of Business Development at EnergyHub. "The integration will deliver immediate benefits to our utility clients and their customers who want to use Wallbox chargers in managed charging programs and help pave the way for a more reliable, increasingly decarbonized energy system."

"We are excited to announce our partnership with EnergyHub to allow customers in the U.S. to take full advantage of our Level 2 home charger's smart capabilities," said Fred Turner, Senior Director of Wallbox NA. "We know that the majority of EV charging happens in the home, so integrations that deliver financial and environmental benefits to both customers and utilities are key to the transition."

EnergyHub and Wallbox expect to enroll Wallbox devices in utility programs in August this year. By combining utility rebates and program participation incentives, Wallbox customers can significantly reduce the upfront and ongoing costs of EV charger ownership. According to EnergyHub, four out of five customers participating in utility programs reported buying their level 2 EV charger specifically to enroll in a program.

EnergyHub is an independent subsidiary of Alarm.com (NASDAQ:ALRM), the leading platform for the intelligently connected property.

About EnergyHub

EnergyHub is a leading Edge DERMS provider. Utilities rely on EnergyHub's DERMS platform to manage all distributed energy resources to serve grid and market objectives. EnergyHub works with over 70 utilities in North America to manage more than 1.9 GW of flexible capacity. We empower utilities and their customers to create a clean, distributed energy future. For more information, visit www.energyhub.com.

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 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.

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