Finally fast charging in the province of Luxembourg - Companies

Finally fast charging in the province of Luxembourg – Companies

The Walloon motorways, south of the Meuse, lack fast terminals for electric cars. The Dutch Fastned will open a station on the E25 and has also announced a tripling of its income.

The Dutch king of electric fast charging, Fastned, arrives in Wallonia. He also announced better than expected results. Its turnover in the first half almost tripled, to reach 12.6 million euros, thanks to accelerated growth in the battery car market.

The first yellow station (this is the color of Fastned) in Wallonia will be located on the E25, in the province of Luxembourg, which is rather a desert for charging stations. Dutch motorists, more electrified than Belgians, know this. When they go on vacation to the south, they dread the passage of Wallonia where the fast terminals are sparse, especially south of the Meuse, where one can speak of desert. On weekends in July and August there can be saturation at the few equipped sites, such as the Ionity station in Wellin, near the E411. Fastned operates 13 stations in Belgium, all located in Flanders, but is expected to open another 23 stations in the country.

Stations with yellow roofs visible from afar

Fastned is a Dutch start-up that is developing a fast charging network on major roads. It is very present in the Netherlands (131 stations), and is developing in Belgium (13 stations), France, Germany, Switzerland and Great Britain. Its stations are very recognizable by their yellow roofs, both to protect users from the rain, but also to be visible from afar. Fastned operates 210 stations, and has yet to build many more, as the company has agreements for 358 sites, 22 of which will be open by the end of the year – including the station on the E25.

In Belgium, Fastned, very present in Flanders, and is struggling to develop in Wallonia. His approach is radical. The company does not want to conclude an agreement with oil companies that have concessions on motorway areas, which would impose a sharing of revenues and limitations on the duration of operation and the size of the station. Fastned wishes to obtain long (30 years if possible) and flexible concessions, which make it possible to increase the number of terminals as electric cars multiply, the “standard” stations initially comprising 4 terminals. It is obviously more difficult to obtain in Wallonia than in Flanders.

In France and the Netherlands, the concessions for motorway service areas are not consolidated by oil companies, the concessions are concluded separately by activity. Also there are Fastned stations all over the Netherlands, next to service stations, with which the energy company coexists.

136,000 euros in revenue per station

Financially, Fastned announces an average annualized revenue of 136,000 euros per station (+116%), with 472,000 euros for the top 5 stations. The company is still losing money. In the first half, it posted a net profit of -11.4 million euros (vs. -15.8 million euros in H1 – 2021), with revenue that almost tripled, from 4.4 million to 12 .6 million.

These losses are expected to last for a few years as the company is in the investment phase. It spends a lot of money to install stations all over Europe, the income will be generated later, as the number of electric cars increases. Which should happen because the European Union will ban the sale of fuel-powered cars from 2035; the Netherlands, Fastned’s first market, will already move there in 2030. “Competition is mainly for locations,” Michiel Langezaal, CEO of Fastned, told us last March.

Profitable from 2025

For ING, Fastned should become profitable from 2025. The forecasts of the Dutch bank’s analysts speak, for the same year, of a revenue of 188.1 million euros and an initial net profit of 9.3 millions of euros. With an operational fleet of 516 stations. The title has suffered particularly in recent months. A year ago it was around 60 euros, and has been halved since May. The favorable results announced for the first half pushed the price up to 35 euros.

Fastned isn’t the only fast charging network. Several car manufacturers have created Ionity in Europe, which has 428 stations. To go faster and be present along the highways, this company agrees to sign contracts with oil companies, in particular Shell. Tesla has its own network of fast terminals, originally reserved for the brand’s cars, which has recently opened up to other brands, particularly in Belgium, France and the Netherlands. TotalEnergies deploys its own network of terminals in its stations, which are very present on our motorways.

The rising cost of electricity forced Fastned to raise its rates. From 59 cents per kWh a year ago, it had risen to 69 cents, and currently stands at 75 cents in Belgium, excluding the special formula (50 cents per kWh in Belgium for the Gold subscription, with a payment of 11. 99 euros monthly). These rates remain in line with the market.

The Dutch king of electric fast charging, Fastned, arrives in Wallonia. He also announced better than expected results. Its turnover in the first half almost tripled, reaching 12.6 million euros, thanks to accelerated growth in the battery car market. The first yellow station (this is the color of Fastned) in Wallonia will be located on the E25, in the province of Luxembourg, which is more of a desert for charging stations. Dutch motorists, more electrified than Belgians, know this. When they go on vacation to the south, they dread the passage of Wallonia where the fast terminals are sparse, especially south of the Meuse, where one can speak of desert. On weekends in July and August there can be saturation at the few equipped sites, such as the Ionity station in Wellin, near the E411. Fastned operates 13 stations in Belgium, all located in Flanders, but should open 23 other stations in the country. Stations with yellow roofs visible from afarFastned is a Dutch start-up which is developing a fast charging network on major roads. It is very present in the Netherlands (131 stations), and is developing in Belgium (13 stations), France, Germany, Switzerland and Great Britain. Its stations are very recognizable by their yellow roofs, both to protect users from the rain, but also to be visible from afar. Fastned operates 210 stations, with many more to build, as the company has agreements for 358 sites, 22 of which will be open by the end of the year – including the station on the E25. In Belgium, Fastned , very present in Flanders, and is struggling to develop in Wallonia. His approach is radical. The company does not want to conclude an agreement with oil companies that have concessions on motorway areas, which would impose a sharing of revenues and limitations on the duration of operation and the size of the station. Fastned wishes to obtain long (30 years if possible) and flexible concessions, which make it possible to increase the number of terminals as electric cars multiply, the “standard” stations initially comprising 4 terminals. It is obviously more difficult to obtain in Wallonia than in Flanders. In France and the Netherlands, concessions for motorway service areas are not globalized by oil companies, concessions are concluded separately by activity. Also, there are Fastned stations almost everywhere in the Netherlands, next to service stations, with which the energy company cohabits. resorts (+116%), with 472,000 euros for the top 5 resorts. The company is still losing money. In the first half, it posted a net profit of -11.4 million euros (vs. -15.8 million euros in H1 – 2021), with revenue that almost tripled, from 4.4 million to 12 .6 million. These losses are expected to last a few years as the company is in the investment phase. It spends a lot of money to install stations all over Europe, the income will be generated later, as the number of electric cars increases. Which should happen because the European Union will ban the sale of fuel-powered cars from 2035; the Netherlands, Fastned’s leading market, will already move there in 2030. “Competition is mainly for locations,” Michiel Langezaal, CEO of Fastned, told us last March. Profitable from 2025 For ING, Fastned should become profitable from 2025. Forecasts by analysts of the Dutch bank speak, for the same year, of an income of 188.1 million euros and an initial net profit of 9.3 million euros. With an operational fleet of 516 stations. The title has suffered particularly in recent months. A year ago it was around 60 euros, and has been halved since May. The favorable results announced for the first half of the year pushed the price up to 35 euros.Fastned is not the only fast charging network. Several car manufacturers have created Ionity in Europe, which has 428 stations. To go faster and be present along the highways, this company agrees to sign contracts with oil companies, in particular Shell. Tesla has its own network of fast terminals, originally reserved for the brand’s cars, which has recently opened up to other brands, particularly in Belgium, France and the Netherlands. TotalEnergies deploys its own network of terminals in its stations, which are very present on our motorways. The rise in the cost of electricity has forced Fastned to increase its prices. From 59 cents per kWh a year ago, it had risen to 69 cents, and currently stands at 75 cents in Belgium, excluding the special formula (50 cents per kWh in Belgium for the Gold subscription, with a payment of 11. 99 euros monthly). These rates remain in line with the market.

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