Casino Group and Meridiam, with their
respective subsidiaries GreenYellow and Allego, have announced the
commissioning of the first terminals in a major network of fast and
ultra-fast charging stations for electric vehicles in France
Allego Holding B.V. (“Allego” or the “Company”), a leading
pan-European electric vehicle charging network, and GreenYellow, an
expert in decentralized solar photovoltaic production, energy
efficiency projects and energy services, today announced the
commissioning of the first terminals in a major network of fast
(DC) and ultra-fast charging stations (HPC) for electric vehicles
across France. Allego is a subsidiary of Meridiam, a global
investor and asset manager specialized in developing, financing and
managing long-term public infrastructure projects, and recently
announced a business combination with Spartan Acquisition Corp. III
(NYSE:SPAQ). GreenYellow is a subsidiary of Casino Group
(OTCMKTS:CGUSY), a leader in the global food retail market.
This partnership provides consumers access to infrastructure
that will help meet the growing demand for electric mobility. The
project will install over 250 charging stations in France, across
36 Casino Group hypermarket sites located on high-density roads,
motorways, and in active shopping areas.
Currently, 36 charging stations – including 16 ultra-fast
charging and ten fast charging – are already installed and
operating at five sites in France (Géant hypermarkets in Toulouse
Fenouillet, Saint-Etienne Monthieu, Saint-Louis, Montpellier, Aix
en Provence). By the end of 2021, 74 additional charging stations,
currently under construction at nine sites, are expected to become
operational, including 26 ultra-fast charging stations and 20 fast
charging stations. The remaining 140 charging stations are expected
to be installed in 2022.
Allego is responsible for the installation, operation, marketing
and maintenance of the sites. GreenYellow is providing the 100%
green electricity for the charging stations and Casino is providing
the spaces as part of its asset monetization strategy.
The charging stations are expected to be open 24/7 and will
provide a variety of charging speeds with different equipment to
cater to each customer’s needs, including accelerated charging,
fast charging, and ultra-fast charging. The new-generation
ultra-fast charging stations should enable an electric vehicle to
travel 300km on a single charge of as little as 5 to 10
minutes.
Strong commitment from partners to promote electric
mobility
This network is part of GreenYellow’s plan to install 1,500
charging stations by the end of 2022, as part of its “100,000
charging stations” pledge last October. These charging stations
will equip Casino Group's stores, within the framework of the
current partnership, as well as the sites of other retailers,
companies, and local authorities, as part of the creation of a
large network across France to facilitate electric vehicle charging
access to the greatest number of customers. In 2020, GreenYellow
installed 130 charging stations for its customers and is expected
to roll out more than 100 in 2021.
This partnership is part of the overall goal of Meridiam and its
subsidiary Allego to install over 2,000 charging stations across
France by 2023. This reinforces their position as a European leader
in the rollout of charging hubs, with over 25,000 charging stations
in operation to date.
"I am very proud to announce today the installation of the first
charging stations in what will become a network of 1,500 electric
charging stations for vehicles by the end of next year. This
project, which positions the Group as among the largest network of
high-power charging stations in France, is a perfect illustration
of Casino Group's commitment to supporting the development of
electric vehicles and helping France move towards a more
climate-friendly world," says Jean-Charles Naouri, Chairman and CEO
of Casino Group.
"I am delighted with the operational implementation of this
partnership, which aligns with our strategy of investment and
large-scale rollout of charging stations for electric vehicles
across Europe, and particularly in France. By 2023, we expect to
have more than 2,000 charging stations available to all French
citizens in every region and département in the country," says
Thierry Déau, CEO and Founder of Meridiam.
"Electric mobility has an important place in the unique,
decentralised platform model that we are rolling out to serve our
customers in their energy transition, with over a hundred charging
stations deployed in businesses and commercial areas already and
the goal of more than 1,500 charging stations expected to be
deployed by the end of 2022. GreenYellow has a major role to play
in the acceleration of electric mobility in France, to bring energy
closer to the consumer," says Otmane Hajji, President of
GreenYellow.
"Thanks to these innovative, multi-modal stations designed to
offer different charging powers ranging from 22kW to 300kW, Allego
is able to meet the current and future needs of the market for a
long-term charging solution. Allego's recognised expertise in the
operation of charging networks, particularly high-powered ones,
throughout Europe will enable us to provide Casino hypermarket
customers high quality service for charging their electric
vehicles," says Mathieu Bonnet, CEO of Allego.
About Casino Group
Casino Group is a key, reputable player in the French retail
market and a leader in the global food retail market, with nearly
11,000 stores worldwide (France and Latin America). The Group has
built a strong, dynamic and complementary portfolio with a
workforce of over 200,000 driven by their passion for retail and
customer service and which generated a net turnover of €31.9
billion in 2020. In all the countries where it operates, Casino
Group is focusing its development on the formats with the highest
potential and its ability to adapt in order to meet customers'
needs, both today and tomorrow. For more information, go to
www.groupe-casino.fr
About Meridiam
Meridiam was founded in 2005 by Thierry Déau, based on the
belief that aligning public and private sector interests can
provide solutions to essential community needs. Meridiam is a
mission-driven company, as defined by French law, specialising in
the development, financing and long-term management of sustainable
public infrastructure in three sectors: mobility of goods and
people, energy transition and environment, and social
infrastructure. Meridiam currently manages $10 billion in assets
and has over 90 projects under management to date. Meridiam is ISO
9001:2015 certified, has an Advanced Sustainability rating from
VigeoEiris (Moody's) and has developed its own ESG (environmental,
social and governance criteria) and impact methodology based on the
UN Sustainable Development Goals (SDGs).
www.meridiam.com Meridiam Meridiam Meridiam
About GreenYellow
Over a period of 14 years, GreenYellow has become a major player
in the energy transition in France and abroad and a true ally of
companies and communities in this field.
As an expert in decentralised solar photovoltaic production,
energy efficiency projects and energy services, GreenYellow offers
its customers a unique, global platform in order to make their
energy transition a positive, committed reality.
By the end of March 2021, GreenYellow developed 355 MWp of
photovoltaic capacity, of which 184 MWp is equity owned, and nearly
2,600 energy performance contracts for a volume of 855 GWh per
year, of which 511 GWh is equity owned, and was managing over 2.9
TWh of energy for its customers.
Through innovation, GreenYellow is constantly expanding its
offering in order to meet the needs of private and public players
and support them in reducing their ecological footprint.
Operating in 16 countries spread over 4 continents, the company
has over 500 employees across the globe.
About Allego
Founded in 2013 in the Netherlands, Allego is a European leader
in charging solutions for electric vehicles, thanks in particular
to its network of over 25,000 charging stations operating in urban
areas and along major mobility routes. Allego's mission is simple:
to provide a charging solution everywhere, for everyone, at any
time: at home, on public roads, at the destination and while
travelling. With its turnkey and scalable solutions, Allego
supports companies and local authorities with its large-scale
rollout of electric mobility. Allego has unique expertise in the
field of electric mobility and aims to establish the largest
high-power fast charging network in Europe. Established in over a
dozen European countries, Allego is active in France and is owned
by Meridiam. www.allego.eu/fr-fr @Allegocharging @Allego_FR
FORWARD-LOOKING STATEMENTS
All statements other than statements of historical facts
contained in this press release (“Press Release”) are
forward-looking statements. 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, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity and
market share. These statements are based on various assumptions,
whether or not identified in this Press Release, and on the current
expectations of Allego’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on as a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
may differ from assumptions, and such differences may be material.
Many actual events and circumstances are beyond the control of
Allego. These forward-looking statements are subject to a number of
risks and uncertainties, including (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) risks related to the rollout of Allego’s business
strategy and the timing of expected business milestones; (iii) the
effects of competition on Allego ’s future business and its ability
to grow and manage growth profitably, maintain relationships with
customers and suppliers and retain its management and key
employees; (iii) risks related to political and macroeconomic
uncertainty; and (iv) the impact of the global COVID-19 pandemic on
any of the foregoing risks. 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 does not
presently 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210917005121/en/
PRESS
For GreenYellow Julie
Dorel, Marketing and Communication Director
jdorel@greenyellow.fr communication@greenyellow.fr +33 (0)1 53 65
26 86/+33 (0)6 37 52 30 18
Juliette Prost, Press Relations (PLEAD)
juliette.prost@plead.fr +33 (0)6 72 47 53 28
Margaux Wacheux, Press Relations (PLEAD)
margaux.wacheux@plead.fr +33 (0)6 75 62 26 41
For Casino Group
Stéphanie Abadie sabadie@groupe-casino.fr
directiondelacommunication@groupe-casino.fr +33 (0)6 26 27 37
05/+33 (0)1 53 65 24 78
For Meridiam Antoine
Lenoir a.lenoir@meridiam.com +33 (0)6 07 50 75 85
For Allego Amélie
Lefebvre amelie.lefebvre@allego.eu
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