Our impact
Allego Electric Vehicle Charging Stations Platform, European Platform
Background
Allego is one of the leading European Electric Vehicle (EV) charging solutions providers (installation, O&M, proprietary software etc.) with a strong presence across the continent. At the end of March 2022, it was operating around 28,000 public charging ports and 13,400 Public and non-public sites across 15 countries.
Since Meridiam’s investment in 2018, Allego has been expanding throughout Europe from its strong Benelux base, and has secured a leading position in Germany, the UK, the Nordics and France. This was done though several major projects: MEGA-E, support to LeasePlan electrification, fast charge installation in Shell gas stations, London concession, Toulouse car parks, etc.
Through its infrastructure development expertise, Meridiam has strengthened Allego’s European position and its essential contribution to e-mobility across Europe.
EIB has been supporting Allego with €40m junior funds backed by the Juncker
Plan.
On 17 March 2022, Allego was listed on the NYSE.
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 20221), 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 that 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.
Source:
(1) https://cdn.allego.eu/-/media/project/allegofrontoffice/allegoeu/investors/allego-announcement-pr.pdf
(1*) EU Sustainability & Smart Mobility Strategy and action plan
(2) EU Court of Auditors Special Report 05/2021
(3) Department for Transport Statistics, Emissions from journeys across the United Kingdom, by mode, 2021
Learn more about the project:
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