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Allego Secures 14 Ultra Fast Charging Locations Along Major Highways in Flanders, Belgium
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Allego has secured 14 new ultra fast charging locations in Flanders, Belgium, following previous approvals from the Flemish government in 2020. This expansion will add up to 56 ultra fast chargers by mid-2024, enhancing the EV charging network. The project is co-financed by the European Union and the Flemish Agency for Roads and Traffic. Allego plans to improve customer experience with multi-language interfaces and a canopy concept. The company aims to meet the growing demand for electric vehicle charging solutions across Europe.
Positive
Allego expands its network with 14 new ultra fast charging locations in Flanders.
The project is co-financed by the EU, showcasing support for sustainable infrastructure.
Total of 56 ultra fast chargers expected by mid-2024, enhancing EV charging capacity.
Negative
Risks associated with the implementation of charging stations, including potential delays.
Forward-looking statements about project outcomes could prove inaccurate, affecting investor confidence.
New sites follow two locations that Allego was already granted in 2020 by the Flemish government
Expects up to 56 ultra fast chargers to be installed in upcoming years
PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)--
Allego Holding B.V. (“Allego” or “the “Company”), a leading pan-European electric vehicle charging network that recently announced a business combination with Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), has secured 14 new ultra fast charging locations along major highways in Flanders, Belgium in a project co-financed by the European Union and the Flemish Agency for Roads and Traffic (Agentschap Wegen en Verkeer van de Vlaamse overheid) (“AWV”). These locations build upon two highway locations previously granted to Allego by the AWV in 2020.
These new ultra fast charging locations are located just offramp of main highways, at “park and ride” or carpool parking sites, and are well dispersed along the main transport corridors throughout Flanders. To initiate the project, Allego will construct 14 charging hubs that will provide a full range of medium charging speed to ultra fast charging to meet the demands of Flanders’ EV drivers. In the first phase, Allego expects to install 28 ultra fast charging stations and to roll out 28 AC sockets by the end of 2022. Allego expects that the second phase of the project will raise the total number of ultra fast charging stations to 56 by the middle of 2024. Allego plans to boost the customer experience in these green field sites by adding a canopy concept to the locations and ensuring that the ultra fast charging stations have excellent customer interfaces in multiple languages.
“We are very pleased to have been awarded these 14 new prime locations, supporting the expansion of our ultra fast charging network across Belgium. Expanding our network is critical in our mission to accelerate zero emission mobility. We are additionally pleased to increase our presence in Belgium, an important nation for cross-border mobility that connects the Netherlands, France, Luxembourg and Germany,” said Harold Langenberg, Managing Director of Allego Belgium. “As the market for electric vehicles continues to grow rapidly, vehicle owners require proportional scaling of charging equipment. Allego is here to provide that charging infrastructure, not only in Flanders, but also across all of Europe.”
About Allego
Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.
Forward-Looking Statements.
All statements other than statements of historical facts contained in this press release (“Press Release”) are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,”, “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Allego’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Allego. These forward-looking statements are subject to a number of risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the installation of the charging stations in Flanders is delayed or does not occur at all; and (vi) the risk that Allego does not receive any additional locations from the AWV or that the benefits to Allego of the new charging locations are delayed, are less than anticipated or do not occur at all; and (vii) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not presently know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
