Meridiam signs deal for major French charging network

An electric vehicle (EV) charging developer owned by Meridiam has signed an agreement with a supermarket chain to build France’s largest network of ultrafast charging stations.

Allego, which was bought by Meridiam last summer [2018], has struck a deal with Groupe Casino to install charging facilities at 80 of its retail sites by 2021.

The tie-up was signed last Thursday [18 April] and is being billed as “a technological first of its kind in France,” according to a joint statement from the companies.

The 80 charging stations will be available 24 hours a day, seven days a week, and will be open to all types of EV, including cars and buses. Each site will accommodate slow charging (6-8 hours), fast charging (30-45 minutes) and ultrafast charging (5-10 minutes).

Ultrafast chargers can be up to 350kW in capacity and are capable of adding 300km from a single charge. The first EV model able to charge at this rate – the Porsche Taycan – is set for release in 2019.

As part of the rollout, a first site in Toulouse will come online in September [2019], followed by a further 11 by the end of the year.

Each charging station will be powered with 100% renewable electricity from GreenYellow, a Casino subsidiary with a background in solar development.

The project is being supported by the EU through its Metropolitan Greater Areas Electrified (Mega-E) initiative, through which Allego and Meridiam are aiming to install 322 ultrafast chargers across Europe.

Allego, which is based in the Netherlands, already has 12,000 charging terminals in the Benelux and Germany. It was sold to Meridiam by Dutch distribution grid operator Alliander.

For Casino, the agreement is part of its “asset monetisation strategy” and will see it generate additional rental income from each site.

 

© Copyright Inspiratia 2018. All rights reserved. Inspiratia is a trading name for STMCB Limited, registered in England. Company number 07296086.

Leave a Reply