Generac Power Systems

Electrifying passenger and commercial travel

EV Economy

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 Wallbox is a Spanish EV charging infrastructure manufacturer. The company&rsquo;s flagship product Wallbox Pulsar Plus is a level 2 smart EV charger for residential use. Pulsar Plus sets itself apart from its competition through its smaller size (166 mm x 163 mm x 82 mm vs. 345 mm x 155 mm x 110 mm of Tesla&rsquo;s Wall Connector). The company also offers Quasar, a DC bidirectional charger for home use, which uses vehicle-to-grid (V2G) technology to power the home or grid using surplus energy from EVs; Supernova and Hypernova, DC fast and ultrafast chargers for public use; and a suite of AC charging solutions and smart energy management software.
 
 
 In 
 <a href="https://sp-edge.com/updates/26685">
 February 2024
 </a>
 , Wallbox began production of its UL-certified DC fast EV charger, Supernova 180, marking its entry into the North American market. The charger is capable of providing 180 kW of charging power, providing 100 miles of range in under 10 minutes.
 
 
 Wallbox sold more than 360,000 charging units as of August 2022 and revenue growth for 
 <a href="https://sp-edge.com/updates/12287">
 2Q2022
 </a>
 was more than 124% YoY. The company operated nine offices across three continents and had a presence in more than 80 countries. The company manufactured its products in Europe and China and was developing a US manufacturing facility in 
 <a href="https://sp-edge.com/updates/9703">
 Arlington, Texas
 </a>
 , expected to begin production in 2022.&nbsp;
 
 
 In 
 <a href="https://sp-edge.com/updates/12287">
 August 2022
 </a>
 , the company announced two acquisitions: 1) COIL, an EV charging installer, to provide in-house installation and maintenance services for commercial, public, and residential charging applications, and 2) ARES Electronics, a provider of printed circuit boards, to expand Wallbox&rsquo;s design and manufacturing capabilities. In 
 <a href="https://sp-edge.com/updates/22885">
 October 2023
 </a>
 , Wallbox acquired ABL, an EV-charging solutions provider in Germany, for ~EUR 15 million (USD 15.8 million). In 
 <a href="https://sp-edge.com/updates/26685">
 February 2024
 </a>
 , the company began production of its UL-certified DC fast EV charger, Supernova 180, marking its entry into the North American market.
 
 
 Funding and financials&nbsp;
 
 
 Wallbox was listed on NYSE through a SPAC merger in October 2021. The deal raised USD 252 million. The proceeds were expected to support the company&rsquo;s strategic growth initiatives, including accelerated expansion in the US by increasing investment in product development and certifications. 
 
 
 
 
 
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Wallbox is a company, dedicated to changing the way the world uses energy in the electric vehicle industry. They creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger.

Rolling Energy Resources provides smart charging, demand response, and electric vehicle research solutions for automotive brands, without new hardware. Rolling Energy Resources connects to the cars through their native APIs, utilizing systems that are already in place. Their solutions can control charging and monitor battery state-of-charge, regardless of where the customer plugs in.

WATT Fuel Cell Corporation is a developer and manufacturer of Solid Oxide Fuel Cell (SOFC) components and systems that can operate on readily available hydrocarbon fuels such as natural gas, propane, JP-8, and diesel. WATT’s fuel cell technology is a quiet, light, efficient, affordable, and environmentally responsible energy solution to a range of power markets.  The company's products are based on a common expandable module, a building block that enables WATT to address multiple markets with minimal additional development cost. Analogous to a blade server type module, where additional performance can be obtained by adding blades, applications requiring more power are addressed by simply adding more modules.

Sofdesk offers web application solutions for solar installation, roofing, and insurance companies. It is a software company that develops intuitive, easy-to-use sales acceleration products for the solar and roofing industries. Sofdesk enables small to medium-sized companies to scale and improve infrastructure through centralized and powerful solutions by delivering an end-to-end solution. Its products are Solargraf, for solar installation companies, and Roofgraf, for roofing companies.

With over $150 billion spent on delivered fuels (i.e. Propane, Heating Oil, Diesel, etc.) every year, fuel distribution companies struggle to efficiently plan deliveries with more than 50% of all delivery miles (or about 1/6th of total market spend) being unnecessary. Tank Utility uses real-time tank level measurements from IoT monitors and innovative business intelligence software to eliminate wasted delivery miles while helping fuel providers provide a better customer experience through greater transparency..

Generac Power Systems manufactures home backup generators, automatic transfer switches, and accessories for backup power applications. They also manufacture power products for the marketplace, including portable, residential, commercial, and industrial generators. They provide light towers, mobile generators, and combination units designed and built for industries.

<div> Generac Power Systems (NYSE: GNRC) is a leading global designer, manufacturer and provider of energy technology solutions and other power products. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The company has continued to expand its energy technology offerings in its mission to lead the evolution to more resilient, efficient, and sustainable energy solutions. Generac went public in 2010 and is headquartered in Waukesha, Wisconsin. Generac's product portfolio includes: <ul> <li> Home standby generators: Automatic backup power systems for residential use </li> </ul> <ul> <li> Portable generators: Mobile power solutions for jobsites and recreational activities </li> </ul> <ul> <li> PWRcell energy storage systems: Battery storage systems that integrate with solar panels to store and manage energy </li> </ul> <ul> <li> Solar + storage solutions: Integrated systems combining solar panels and battery storage </li> </ul> <ul> <li> Power washers: Electric and gas-powered cleaning equipment </li> </ul> <ul> <li> Outdoor power equipment: Lawn and garden tools like trimmers and leaf blowers </li> </ul> <ul> <li> Commercial and industrial generators: Backup power systems for businesses and large facilities </li> </ul> In September 2024, Generac announced the launch of its new PWRcell 2 Home Energy Storage System product series, featuring PWRcell 2 and PWRcell 2 MAX. The PWRcell 2 delivers 18 kWh capacity in a single cabinet and 10 kW max continuous power, while the PWRcell 2 MAX offers 11.5 kW max continuous power. These new products are designed to integrate with Generac's family of generator products, creating a smart ecosystem for greater resiliency and energy independence. Generac continues to build a comprehensive portfolio of residential energy technology solutions, including energy storage systems, generators, and EV chargers, to provide homeowners with greater control over resilient, efficient, and sustainable energy sources. </div>

Generac Power Systems makes minority investment in Wallbox

Smart Homes: Energy & Water Solutions

Companies that develop advanced energy generation technologies for houses (mostly solar).

Companies that develop battery storage solutions for home use.

Companies that develop real-time energy usage and efficiency monitoring solutions and generate energy reports. Includes companies that offer demand management solutions to monetize excess capacity.

Companies that offer water leak detection sensor systems and smart sprinkler systems.

Companies that assist home improvements (related to energy optimization) by bearing the upfront cost and charging users monthly fees based on energy usage.

INCUMBENTS_PRESENT

<div>

 Wallbox, a Spanish EV-charging infrastructure manufacturer listed on the NYSE, has secured a USD 45 million strategic investment. Generac Power Systems, the lead investor, contributed USD 35 million. This brings Wallbox's total funding to USD 292.7 million.
 The company has plans to use this funding to facilitate the manufacturing and global sales of its chargers, with special focus on the North American market.
 A private placement of 36,334,277 Class A ordinary shares will be sold by Wallbox for the USD 45 million investment. This makes it the second minority investment by Generac in Wallbox, which is in accordance with their commercial relationship announced in December 2023.

</div>

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