Wallbox N.V. (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a strategic partnership with Octopus Energy Group, the energy and technology group delivering a customer-focused and affordable clean energy system across the globe.
The collaboration and recent integration will enable all Wallbox customers to join the ‘Intelligent Octopus Go’ tariff by integrating through their Pulsar Max, the smart home charger designed to unlock time and money for EV drivers.
‘Intelligent Octopus Go’ is a smart EV charging tariff that unlocks significant savings for EV drivers – cars are charged when the grid is cheapest, and usually greenest. It offers an innovative solution for combating climate change and catering to eco-conscious energy consumers.
Switching to this system can save EV drivers more than £600 annually with smart charging rates and home energy efficiency. The ‘Intelligent Octopus Go’ app allows users to schedule the time and amount of charge they need their car back with. Octopus’s tech platform, Kraken, then automates charging during peak renewable energy times, preventing millions of tons of CO2 emissions. It optimises the grid, enhancing energy system reliability and stability, while bringing down energy costs for everyone.
Wallbox and Octopus will cooperate in reducing charging costs. ‘Intelligent Octopus Go’ manages the UK’s largest virtual power plant, surpassing the grid’s biggest battery, now at 500MW through electric vehicles.
“We are proud to announce the partnership with Octopus to implement smart solutions and avoid having to meet increased demand with fossil fuels”, said Ashley McFadden, Wallbox Sales Team Lead. “Parliament states that demand for electricity will increase by about 50% by 2035. We believe that EVs will determine a large share of it”.
“We created ‘Intelligent Octopus Go’ to keep charging costs for EV drivers as low as possible, saving them hundreds of pounds each year whilst taking pressure off the grid by charging their cars when it is greenest. Going green isn’t only good for the planet, it’s also good for your pocket, and we’re thrilled that these super cheap rates are now also available to Wallbox customers”, said Alex Schoch, Head of Flexibility at Octopus Energy.
This is not the first collaboration between Wallbox and Octopus Energy Group. With the previous project, Wallbox installed Quasar, the first generation of its bidirectional charger in consumers’ households to offer grid services, saving users about £360 annually.
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