Arnhem / Ljubljana, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Allego announced its expansion into Slovenia through a major partnership with HOFER, supported by Enertec as the project’s engineering and infrastructure partner. Fast-charging stations will be installed at HOFER outdoor parking areas across the country, giving drivers convenient access to charging while shopping, commuting or travelling longer distances. The rollout marks a significant step in increasing public charging availability in Slovenia, with st ...

Arnhem, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Allego today unveiled its new Allego App, designed to give EV drivers an easier and more transparent charging experience across Europe. With access to over 950,000 charging points from Allego and its trusted roaming partners, the app brings everyday (AC) and long-distance (DC) charging together in one place, with clear pricing and no extra Allego markup when charging on partner networks. The app addresses common EV driver frustrations such as unclear costs, multiple ...

Core Insights - Allego has opened its 1000th high-power charging station in Europe, marking a significant milestone in the company's expansion and the growth of electric mobility [1][2] Expansion and Infrastructure - The new station is located at the Aire de Lamanon rest area on the A7, a key north-south corridor in Europe, and features ultra-fast chargers delivering up to 400 kW with Plug & Charge technology [1][2] - Allego has expanded its network across 16 European countries, enabling nearly 1 million charging sessions each month, showcasing the company's adaptability to various environments and user needs [4] Customer Experience - Allego is enhancing customer experience with the upcoming Allego app, set to launch by the end of the year, which will allow drivers to locate stations, plan routes, and manage charging efficiently [5] - The company emphasizes integrating charging stations into everyday life, partnering with well-known European brands to provide convenience for drivers [3] Commitment to Sustainability - Allego is focused on supporting sustainable transport and contributing to Europe's transition to carbon neutrality through the expansion of its charging infrastructure [6] - Founded in 2013, Allego operates over 35,000 charging points across Europe, providing solutions for electric cars, buses, and trucks [7]

Core Insights - Allego and HORNBACH are collaborating to establish 20 fast-charging hubs in the Netherlands, resulting in at least 160 charging stations with speeds up to 150 kW, addressing the increasing demand for electric vehicle charging options [1][4]. Group 1: Partnership Details - The partnership aims to provide convenient charging solutions for customers while they shop at HORNBACH stores, enhancing the shopping experience for both residential and professional customers [2][3]. - The rollout of the charging hubs is set to begin in Q1 2026, with all locations expected to be operational by Q4 2026 [1]. Group 2: Market Context - The collaboration responds to the growing popularity of electric vehicles and the challenges posed by grid congestion, which is a significant barrier to the expansion of charging infrastructure [1][4]. - Allego's approach includes integrating battery storage and intelligent load balancing to manage grid congestion, allowing for high charging speeds even in areas with limited grid capacity [4]. Group 3: Company Background - Allego is a leading Charging Point Operator in Europe, focusing on public fast charging, with over 10,000 AC charging points and 57 fast-charging hubs in the Netherlands [6]. - HORNBACH is a well-established DIY store chain with a history of over 140 years, operating 18 stores in the Netherlands and recognized as the Best DIY Store in the country for 2024 [7].

Core Insights - Allego N.V. is launching a Mobility Service Provider (MSP) platform to enhance the electric vehicle (EV) charging experience for European customers [1][2] - The partnership with Deftpower aims to create a seamless, customer-focused charging experience, improving convenience and transparency for users [2][3] - Allego's long-term vision includes making EV charging easy, reliable, and powered by renewable energy, catering to individuals, SMEs, and large fleets [3][4] Company Overview - Allego is a leading provider of electric vehicle charging infrastructure, operating over 35,000 charging points across more than 16 countries in Europe [5] - The company is committed to accelerating the transition to electric mobility using 100% renewable energy [5] - Allego's recent initiatives include the introduction of Plug & Charge (PnC) and a Summer Pass discount to enhance customer experience [2] Partner Overview - Deftpower, founded in 2020, specializes in scalable and cost-efficient MSP solutions, connecting charging networks, car manufacturers, and energy companies [6] - The company has over 40 MSP customers in ten countries and provides access to all major charging networks in Europe [6]

Core Insights - Allego N.V. has signed a framework agreement with Kempower to enhance its electric vehicle charging solutions across Europe, focusing on high-power charging capabilities [1][3] - The collaboration aims to introduce a new split system that offers flexibility and efficiency in charging solutions, catering to various installation needs [2][8] - The initial pilot sites for the new system are operational in the Netherlands, Belgium, and Sweden, with further expansions planned in Sweden and Denmark [3][4] Company Overview - Allego is a leading provider of electric vehicle charging infrastructure, operating over 35,000 charging points in more than 16 countries, emphasizing the use of 100% renewable energy [6] - The company is committed to making EV charging seamless and accessible, aligning with the growing demand for electric mobility [2][4] Partnership Details - The partnership with Kempower is expected to accelerate the transition to electric mobility by providing enhanced power, flexibility, and convenience for EV drivers [3][5] - Kempower's technology, combined with Allego's extensive network expertise, aims to deliver robust and reliable charging solutions, starting with key sites in Denmark [5][9] Technical Innovations - The split system architecture allows for flexible installation tailored to specific site requirements, optimizing energy efficiency and charging speeds [8] - The dynamic power modules are designed for intelligent power distribution, ensuring high performance and adaptability across diverse environments [8]

Company Overview - Allego N.V. is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility using 100% renewable energy [5] - The company operates a network of over 35,000 charging points across more than 16 countries in Europe, offering sustainable and reliable charging solutions to EV drivers [5] Leadership Appointment - Allego has appointed Holger Riemenschneider as the new Chief Technology Officer, bringing extensive experience in the e-mobility and automotive sectors [1][4] - Holger holds a degree in Mechatronic Engineering and an MBA, enhancing his qualifications for the role [2] Professional Background - Holger's career in e-mobility began at RWE, focusing on intelligent AC infrastructure, before moving to IONITY in 2021 to concentrate on DC infrastructure and IT systems [3] - He has over a decade of experience in technology leadership and large-scale international project execution, positioning him to advance Allego's technology strategy [4] Strategic Vision - The appointment of Holger is seen as a strategic move to reinforce Allego's commitment to innovation and sustainable growth in the electric mobility sector [1][4] - Allego's Executive Officer, Steven Salo, expressed optimism about the collaboration and innovation that Holger will bring to the company [4]

Core Insights - Allego N.V. has launched the Allego Summer Pass 2025, aimed at making summer travel more affordable for electric vehicle (EV) drivers with a 30% discount on local ad-hoc charging prices [1][6]. Group 1: Allego Summer Pass 2025 Details - The Allego Summer Pass 2025 is valid from June 24 to September 30, providing access to over 5,000 fast and ultra-fast charging points across Europe, including France, Germany, the Nordics, and Benelux [2]. - The subscription offers a transparent monthly fee structure with no hidden costs, priced at €11.99 for eligible Eurozone countries, 49 PLN for Poland, 89 DKK for Denmark, 129 SEK for Sweden, and £9.99 for the United Kingdom [3]. Group 2: Benefits and Features - Subscribers can enjoy seamless charging access without the need for apps or special devices, as they can use their browser for instant access to charging [2][4]. - The charging network supports ultra-fast speeds of up to 400kW, minimizing downtime for users [6]. - The subscription allows users to track their charging sessions and savings through their account [7]. Group 3: Company Overview - Allego is a leading provider of electric vehicle charging infrastructure, committed to accelerating the transition to electric mobility using 100% renewable energy [5]. - The company operates a network of over 35,000 charging points across more than 16 countries, offering reliable and safe charging solutions for all EV drivers [5].

Core Points - Allego has launched the world's most secure Plug & Charge technology based on the OCPP 2.0.1 protocol, marking a significant advancement in electric vehicle charging solutions [1][5] - The new technology simplifies the charging process by allowing drivers to charge their vehicles without the need for apps, RFID cards, or manual interventions, enhancing user convenience [2][4] - Allego's network includes over 5,000 Fast and Ultra-fast charging points across Europe, supporting a seamless charging experience for all compatible electric vehicle models [2][7] Technology Overview - Plug & Charge utilizes ISO 15118-based authentication and payment methods, ensuring secure communication between the vehicle and charger [2][3] - The technology employs Mutual Transport Layer Security (TLS) and certificate-based authentication to protect against unauthorized access and billing errors [4][7] - OCPP 2.0.1 allows for future-proofing through remote firmware updates and secure certificate management, ensuring compatibility with new vehicle models and charging technologies [5] Company Positioning - Allego is positioned as a leader in the e-mobility industry, committed to accelerating the transition to electric mobility using 100% renewable energy [7][8] - The rollout of Plug & Charge technology is part of Allego's ongoing efforts to innovate and enhance the electric vehicle charging experience, collaborating with industry leaders such as Alpitronic, Hubject, and Ford [5][6]

Financial Performance - Allego reported a net loss of €110.3 million for the year ended December 31, 2023, and €44.6 million for 2024, with total negative equity of approximately €97.9 million as of December 31, 2024[49]. - Revenue increased from €145.5 million in 2023 to €190.1 million in 2024, indicating significant growth[50]. - The company anticipates continued operating losses in the near term, with profitability dependent on the adoption rate of electric vehicles in Europe[49]. - Allego has incurred significant net losses since inception and is expected to continue incurring losses in the foreseeable future[153]. - Allego's financial condition and results of operations are likely to fluctuate in future periods, which could cause results to fall below expectations[143]. - Allego's effective income tax rate could be adversely affected by changes in tax laws, valuation of deferred tax assets, and outcomes of tax audits[146]. - Allego's tax obligations may become more complex and subject to greater risk of examination as it expands operations into jurisdictions with less favorable tax laws[150]. Market and Growth Potential - Allego's future revenue growth will depend on increasing the number and size of its charging sites and traffic, as well as expanding its customer base[62]. - Allego's future growth is highly dependent on the rapid adoption of electric vehicles (EVs) by consumers, with the market for EVs characterized by rapidly changing technologies and competitive pricing[92]. - The European EV market benefits from government incentives such as rebates and tax credits, which significantly lower the effective price of EVs and charging stations[96]. - Allego's future growth relies on the successful rollout of public charging sites with ultra-fast charging capabilities, which is crucial for profitability[127]. - Allego's growth strategy includes expanding its public charging network and developing complementary services to increase traffic and secure long-term B2B relationships[228][231]. Operational Challenges - Allego faces risks related to the price of electricity, which could impact profitability and growth due to potential fluctuations and global increases in electricity prices[54]. - Allego's operational growth may strain employee retention and management, necessitating improvements in operational and financial controls[50]. - Allego's business is vulnerable to adverse macroeconomic conditions, which could negatively affect demand for its charging network and services[68]. - Allego's business is significantly impacted by macroeconomic conditions, including inflation and interest rate fluctuations, which could lead to reduced demand for EV infrastructure[69]. - Allego's operations are subject to risks associated with construction delays and cost overruns, which could impact revenue recognition and customer relationships[79]. - Allego's reliance on a limited number of suppliers for hardware and equipment increases risks related to supply chain disruptions and manufacturing issues[73]. - Increased demand for charging stations may not be met if Allego cannot find suitable suppliers or manufacturers, potentially hindering growth[74]. - Allego's operations depend on reliable telecom networks, and disruptions in these networks could lead to reduced demand for its charging stations and services[110]. Competition and Market Position - The EV charging market is competitive, with Allego facing challenges from various competitors, including utilities and automotive manufacturers[58]. - Allego's ability to raise additional funds may be limited due to its recent filing to terminate the registration of its shares under the Exchange Act, impacting future capital raising efforts[66]. - Allego's strategic partnerships may not materialize into long-term contracts, which could limit its ability to develop new arrangements with other partners[90]. - Allego competes with localized providers of EV charging station networks and aims to provide seamless end-to-end solutions[240][241]. Technology and Innovation - Allego's ability to develop new innovations in its software platform and keep up with hardware technologies is crucial for market adoption and financial results[97]. - Allego's proprietary software, Allamo, analyzes over 100 factors to forecast EV charging demand and optimize site selection for higher utilization rates[205]. - Allego's charging solutions are designed to be hardware agnostic, allowing flexibility in selecting optimal equipment and reducing procurement costs[213][234]. - Allego's software platform may contain defects or errors that could lead to inadequate performance and service disruptions, adversely affecting its business[118]. - Allego's technology may have undetected defects that could reduce market adoption and expose the company to product liability claims[116]. Regulatory and Compliance Risks - Allego faces risks related to compliance with privacy laws and regulations, which could limit service offerings and increase costs[162]. - The GDPR imposes penalties for non-compliance of up to €20 million or 4% of worldwide revenue, impacting Allego's business operations[164]. - Allego's reliance on third parties for compliance with environmental laws may expose the company to liabilities and increased costs[172]. - Increasing attention to ESG matters may adversely impact Allego's business and access to capital[175]. - Allego is currently assessing the impact of new ESG-related regulations, which may lead to increased compliance costs[176]. Internal Controls and Governance - Allego has identified material weaknesses in its internal control over financial reporting, which could result in material misstatements if not remediated[156]. - Allego made significant improvements in internal control over financial reporting, resolving certain previously reported Material Weaknesses[157]. - As of December 31, 2024, Allego identified one material weakness in its internal control over financial reporting, which could lead to material misstatements[158]. - Allego's management noted deficiencies in maintaining initiation controls and accuracy of reports used in the financial statement close process[159]. - The company plans to remediate the remaining material weakness throughout 2025, which may be time-consuming and resource-intensive[161]. - The company does not comply with all best practice provisions of the Dutch Corporate Governance Code, potentially affecting shareholder rights[177]. Employee and Organizational Structure - As of December 31, 2024, Allego had 292 employees, with 257 being regular full-time employees[243]. - Allego's research and development expenses were €5.3 million in 2024, €4.6 million in 2023, and €4.0 million in 2022, indicating a consistent investment in innovation[125]. - Allego's research and development team consisted of more than 8 full-time employees[236]. - The company plans to continue expanding its development team, which is essential for increasing revenue through new customer contracts[130]. Infrastructure and Operations - Allego operates more than 33,500 charging ports across over 13,600 locations in 16 countries, a decrease of more than 1,500 ports since December 31, 2023[202]. - The number of Allego's own charging ports increased from 25,600 to 26,780, reflecting a strategic shift towards prioritizing its own infrastructure[202]. - Allego's charging network includes fast, ultra-fast, and slow charging equipment, with energy sourced from renewable sources[204]. - Allego's facilities include rented locations in Belgium, Germany, Sweden, Austria, France, Denmark, and sales offices in England and Poland[242]. - The company designs the layout and specifications of its charging stations in-house, ensuring control over its product offerings[239].