Wallbox Launches Virtual Power Plants In California and New York through Leap Partnership

Wallbox N.V. (NYSE:WBX) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. Wallbox N.V. (NYSE:WBX) has partnered strategically with Leap, a leading virtual power plant technology, to launch its first VPPs in California and New York.

Wallbox Rewards, a smart charging initiative that rewards customers for promoting grid flexibility, includes the VPPs. Wallbox N.V. (NYSE:WBX) manages energy flow through Leap’s platform and aggregates thousands of home EV chargers, transforming residential infrastructure into a dispatchable grid resource.

The firm’s General Manager North America, Esteve Dolsa, noted that grid dependability is improved by linking Wallbox chargers to real-time energy markets. Christie Dodge of Leap stated the value of EV chargers as adaptable resources for meeting demand. Users can earn financial awards and gain access to in-app information by charging during off-peak hours. The initiative is currently operational in New York and California, and later in 2025, it is anticipated to expand to Texas. Wallbox N.V. (NYSE:WBX)’s dedication to distributed, intelligent energy ecosystems has taken a significant stride with this announcement. It is ranked eleventh on our list of the Best EV Stocks.

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