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| Year | GWh Dispensed | Avg Revenue per kWh (EUR) |
|---|---|---|
| 2020 | ~28 GWh | ~0.32 EUR/kWh |
| 2021 | ~45 GWh | ~0.34 EUR/kWh |
| 2022 | ~78 GWh | ~0.50 EUR/kWh (peak European electricity prices) |
| 2023 | ~110 GWh | ~0.48 EUR/kWh (gradual normalization) |
| 2024 | ~140 GWh | ~0.42 EUR/kWh (market re-baselined) |
| Strategic context | Allego operates ~530 public stations + 30,000+ owned-operated charge points across 8 European countries | Average session size ~30-40 kWh; average session price ~12-17 EUR; gross margin compressed during 2022 energy crisis but recovering |
| Editorial. Why this matters | Strategic context | Allego is one of only two pan-European public DC fast-charging pure-plays (alongside Fastned). The marquee question: does the company reach EBITDA-positive operations as utilization scales, or does the 2024-2025 EV adoption slowdown in Europe compress the business case toward acquisition by an oil major (Shell + TotalEnergies + BP all expanding EV charging)? |
Founded by Dutch grid operator Alliander as Alliander Mobility Services to build pan-European public charging; mandate is to deploy fast-charging where TSO/DSO know grid capacity is available
Acquired by infrastructure investor Meridiam from Alliander; freed of Dutch utility's regulated capex caps, expands to 12 European countries chasing CEF-AT and EU recovery-fund tenders
Listed on NYSE via SPAC merger with Spartan Acquisition Corp III at $3.1B EV; uses proceeds to fund MEGA-E ultra-fast hub buildout across European motorway corridors
First MEGA-E hub opens in Trondheim, Norway with 14 ultra-fast (350 kW) chargers; signature MEGA-E brand for Allego's flagship 12-20 stall sites at highway crossroads
Meridiam announces tender offer to take Allego private at $1.70/share, $1.46B EV; Allego's NYSE share price down 90%+ since SPAC peak - delisting cleans up balance sheet for next-phase capex
Reaches 40,000+ charge points across 16 countries; majority owned by Meridiam after take-private tender clears 95% threshold
Take-private complete; delisted from NYSE under Meridiam control - public-charging SPAC era effectively over for European operators