Mobility Portal, Spain
Date: February 23, 2024
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By Mobility Portal
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Vattenfall is investing 500 million euros in charging infrastructure in Germany

The aim is to expand charging stations for partners who only provide space but do not invest in infrastructure or operations, such as supermarkets, parking lots, and hotels. Vattenfall will focus on Germany since, while it operates 52,000 points in total, only 2,000 are located in the country.

The Swedish energy company Vattenfall will invest 500 million euros in expanding the charging infrastructure in Germany until 2028.

“We will invest around 100 million euros each in the next five years,” says Fabian Hagmann, Vice President of E-Mobility at Tagesspiegel Background, who oversees the group’s international electromobility division in the markets of Sweden, the Netherlands, and Germany.

The company aims to invest a total of 150 million euros per year in the three markets, two-thirds of which will be allocated to Germany.

The focus will be on expanding charging stations for so-called location partners, which only provide space but do not invest in infrastructure or operations, such as supermarkets, parking lots, and hotels, explains Tim Gansczyk, Managing Director of Vattenfall’s German electric mobility division.

The group operates a total of around 52,000 charging points in the three countries.

Germany is by far the smallest market with about 2,000 charging points, whereas the Netherlands has 30,000 and Sweden has 20,000.

“Based on our experience in Scandinavia and the Netherlands, we are now intensively addressing the German market,” says Hagmann.

In addition to destination charging, the B2B area with partners will be expanded.

The company has contracts here with major customers such as Lufthansa, Coca-Cola, and real estate companies.

“We will consciously refrain from highway or roadside charging infrastructure,” Hagmann states.

Vattenfall offers private charging solutions through Wallboxes in combination with its electricity tariffs in another business area.

The company believes that building and operating charging infrastructures is a profitable business, according to Tagesspiegel.

“It won’t pay off in two or three years, but in ten or twenty years,” Hagmann says.

Regardless of the current calm in the number of electric car registrations, Vattenfall expects the trend to be clearly upward in the medium and long term.

“The German market is lagging behind internationally, but in the future, it will grow by between 20 and 30 percent each year,” estimates Hagmann.

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