🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Allego declares pilot for high-power EV truck charging a success

Published 01/12/2023, 07:10 am
© Reuters.
ALG
-

EV fast-charging network, Allego N.V. (ALLG) announced Thursday the results from its high-power commercial charging station pilot program for electric trucks and light duty vehicles.

Fitted with dual 300 kW ultra-fast charging stations, the location quickly reached an outstanding utilization rate of 22% within just five weeks.

This joint effort with Sogaris, a prominent figure in urban logistics property management in France, confirms the sector's demand for reliable truck charging infrastructure. It also underscores Allego's proficiency in providing successful ultra-fast solutions tailored for the expanding electric truck industry.

“Commercial truck charging infrastructure is the keystone to fully enable a transition to electric vehicles.” Said Allego CEO, Mathieu Bonnet.

“We have been working to integrate truck charging into our portfolio and, while these numbers are in the early stages, these initial results indicate that the industry is ready and so are we.”

By 2024, the Company anticipates launching its first set of extra high-powered truck chargers strategically placed in high-density areas to optimize utilization rates.

Allego's exclusive Alamo tool was instrumental in the preliminary site selection process and remains a critical component in the Company's assessment and implementation of its charging network, ensuring the maximization of return on investment.

Shares of ALLG are down 7.34% in afternoon trading on Thursday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.