Allego purchases pan-European fast charging network Mega-E

Allego purchases pan-European fast charging network Mega-E

has made a purchase for the European fast network . This purchase leaves Allego with 100 Mega-E charging sites with nearly 770 charging points

Allego announced the purchase alongside a presentation of the ’s performance in the second quarter. To make the purchase, Allego cost around 33 million euros in cash. The acquisition of 770 points is in line with the company’s focus on fast and ultra-fast charging.

Initially, Fortum Charge & Drive wanted to participate as a co-investor with Allego in the EU-funded project, which was presented in early 2018, before Fortum withdrew. According to previous information, under Mega-E (Metropolitan Greater Area Electrified), 322 HPC sites, each with at least four fill points, will be created by 2025.

“The addition of Mega-E enhances Allego’s position in fast and ultra-fast chargers, and together with a 9 per cent utilization and 99.5 per cent up-time across our network, we provide a seamless experience for our customers,” said Matthieu Bonnet , CEO of Allego.

In its second quarter report this year, Allego has announced that its own charging point utilization has increased from 4.6 to 9.0 percent over the same period last year. This equates to 4.5 charging processes per fast per day.