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

Two brightly colored electric vehicles parked neatly in a row next to a state-of-the-art manufacturing facility.

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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