Allego N.V. (‘Allego‘ or the ‘Company’) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced its collaboration with OIL! Tank & Go, a prominent filling station chain in Denmark, to install ultra-fast chargers across the Danish brand’s network of stations.
Fourteen sites are expected to be operationally completed by first quarter 2024.
With parallel commitments to support the transition to electric mobility, the two companies have embarked on a partnership that is unparalleled in Denmark, as no other gas station brand has enlisted an external charging provider for their ultra-fast charging network. To this end, an MOU was signed that permits the installation of Allego chargers at all 80 OIL! Tank & Go filling stations throughout Denmark. The sites set out in this agreement are in addition to the backlog of 1,314 sites Allego announced earlier this year. In the future, this partnership has the potential to extend across OIL! Tank & Go’s 340 locations in Denmark, Germany, Austria, and Switzerland.
Allego’s Chief Executive Officer, Mathieu Bonnet, remarked, ‘We must ensure that charging infrastructure is commensurate to the growing demand for electric vehicles. Utilizing our proprietary Alamo tool, OIL! Tank & Go locations are well positioned for commuters and travelers representing ideal locations for our EV network. Through this partnership, we are furthering the enablement of a seamless EV driving experience, and the adoption of EVs in Denmark and beyond, and we are elated to share in this mission with OIL! Tank & Go.’
OIL! Tank & Go’s Country Manager, Henrik Scholer, Country Manager, Denmark said of the collaboration, ‘This partnership allows OIL! Tank & Go to provide a comprehensive array of refilling options to our customers, ensuring they can charge their electric vehicles quickly and efficiently while enjoying the convenience of our fueling stations. Together with Allego, we are supporting the transition to greener transportation and a more sustainable future.’
By 2035, all new cars sold in the European Union must be electric. Efforts are in progress to accommodate this industry-wide pivot; collaborations such as this one will give EV drivers peace of mind as they plan their travels because they will be able to rely on the quality of Allego charging network coupled with the accessibility of OIL! Tank & Go’s stations.
About Allego
Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of 34,000 charging points (and counting) spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 220 people striving every day to make charging accessible, sustainable, and enjoyable for all.
Contact:
Email: investors@allego.eu
About OIL! Tank & Go
OIL! Tank & Go, and OIL! Tankstellen GmbH is a subsidiary of Mabanaft, a leading independent and integrated energy company. Under our OIL! brand, we have been operating a continuously growing service station network since 1994, with currently around 340 stations in Germany, Austria, Switzerland and Denmark. Of the current 340 OIL! service stations, more than 240 are located in Germany. We convince through customer-oriented services and have positioned ourselves as an independent brand in the service station market.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as ‘believe,’ ‘may,’ ‘will,’ ‘estimate,’ ‘continue,’ ‘anticipate,’ ‘intend,’ ‘expect,’ ‘should,’ ‘would,’ ‘plan,’, ‘project,’ ‘forecast,’ ‘predict,’ ‘potential,’ ‘seem,’ ‘seek,’ ‘future,’ ‘outlook,’ ‘target’ or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allego’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely affecting Allego’s business, (ii) the price and availability of electricity, (iii) the risks associated with vulnerability to industry downturns and regional or national downturns, (iv) fluctuations in Allego’s revenue and operating results, (v) unfavorable conditions or further disruptions in the capital and credit markets, (vi) Allego’s ability to generate cash, service indebtedness and incur additional indebtedness, (vii) competition from existing and new competitors, (viii) the growth of the electric vehicle market, (ix) Allego’s ability to integrate any businesses it may acquire, (x) Allego’s ability to recruit and retain experienced personnel, (xi) risks related to legal proceedings or claims, including liability claims, (xii) Allego’s dependence on third-party contractors to provide various services, (xiii) data security breaches or other network outage, (xiv) Allego’s ability to obtain additional capital on commercially reasonable terms, (xv) Allego’s ability to remediate its material weaknesses in internal control over financial reporting, (xvi) the impact of COVID-19, including COVID-19 related supply chain disruptions and expense increases, (xvii) general economic or political conditions, including the Russia/Ukraine conflict or increased trade restrictions between the United States, Russia, China and other countries, and (xviii) other factors detailed under the section entitled ‘Risk Factors’ in Allego’s filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego presently does not know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans or forecasts of future events and views as of the date of this press release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
