Our impact
Allego Electric Vehicle Charging Stations Platform, Europe
Background
Founded in 2013 and a Meridiam portfolio company since 2018, Allego has grown to become a leading Charge Point Operator (CPO) in Europe. The company enjoys a leading position in Germany, France and the Benelux, and has a unique footprint spanning across 16 European countries.
Through its infrastructure development expertise Meridiam has led the transformation of the company from its spin-off from Dutch utility Alliander to a lean and efficient infrastructure platform. In particular, Meridiam has strengthened Allego’s European footprint and its deployment of self-owned EV charging infrastructure, with a focus on Fast/Ultra-Fast chargers. EIB has been supporting Allego with €40m junior funds backed by the Juncker Plan.
Allego has established a unique set of differentiation over time, durably widening the gap with competition:
1. Leadership position as an independent player across Europe creating economies of scale
2. Positioning on premium sites backed by long-term exclusivity agreements (municipal concessions and long-term private leases)
3. Superior availability rate (98%-99%)
4. Ability to identify best sites through data science (Allamo proprietary software) and to secure them leveraging the Company’s reputation and commercial network
5. Strong contractual engineering skills (e.g. long-term lease negotiation, construction & O&M contracting, procurement, energy sourcing, etc.)
6. Demonstrated capacity to roll-out at scale
7. Cost discipline and efficiency leading to positive operational EBITDA and higher profitability
8. Outstanding ESG performance: taxonomy alignment, procurement of lowcarbon electricity, green financing expertise
Stage: In operation
ESG/SDG Key Facts
Major European countries intend to go for 100% zero-emission vehicles policies (Norway by 2025, the Netherlands, Germany, Sweden, and United Kingdom by 2030, Denmark by 2035, France and Spain by 2040). This requires a robust charging infrastructure with reliable, smart, and efficient charge points to make e-mobility a reality. Even when Electric Vehicles reach cost parity with internal combustion engine vehicles (with some sources reporting parity has already been reached in terms of total cost of ownership in 2022(1)), the lack of charging infrastructure could be a significant barrier to adoption of EV.
Allego’s core activities are environmentally friendly as they support the take-off of Electric Vehicles, a cleaner form of transportation with a clear potential for reducing the world’s dependency on fossil fuels and improve the local air quality with positive health consequences. A recycling agreement was reached with a third party for old charging equipment.
SDG Achievements and Roadmaps
SDG 3 (Good Health and Well-being) – Allego sustainable mobility solutions contribute to the prevention of CO2 and NOX (Nitrogen Oxides) emissions in metropolitan areas.
SDG 7 (Affordable and Clean Energy) – Allego is committed to using 100% renewable energy on its network. Its contribution to this Goal increased with the ramp up of charging infrastructure through geographic expansion across Europe. Allego’s charging stations’ energy source is certified by Guarantee of Origin Certificates (Gos). In 2024, 100% renewable energy was supplied to customers for vehicle charging.
Allego achieved its objective to reach coverage of at least 80% of power procurement with renewable energy Power Purchase Agreements in 2023 as well as 2024.
SDG 8 (Decent Work and Economic Growth) and SDG 12 (Sustainable Cities and Communities) – The company collaborates with suppliers to measure and increase the volume of recycled materials used in the manufacturing of charging infrastructure. An agreement is in place with a third party to recycle old charging equipment.
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