{"id":764550,"date":"2023-06-20T06:33:06","date_gmt":"2023-06-20T10:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allego-enters-into-long-term-agreement-with-esso-deutschland-gmbh-to-sell-compliance-credits\/"},"modified":"2023-06-20T06:33:06","modified_gmt":"2023-06-20T10:33:06","slug":"allego-enters-into-long-term-agreement-with-esso-deutschland-gmbh-to-sell-compliance-credits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allego-enters-into-long-term-agreement-with-esso-deutschland-gmbh-to-sell-compliance-credits\/","title":{"rendered":"Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits"},"content":{"rendered":"

<\/p>\n

Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits<\/b><\/p>\n

ARNHEM, Netherlands–(BUSINESS WIRE<\/a>)–
\nAllego N.V. (\u201cAllego\u201d or the \u201cCompany\u201d) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced a long-term agreement to sell compliance credits generated via Allego\u2019s public charging stations in Germany to Esso Deutschland GmbH. The agreement has been signed through the end of 2028 and has a potential total value of up to \u20ac185 million.<\/p>\n

About Allego<\/b><\/p>\n

\nAllego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of 34,000 charging points (and counting) spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 220 people striving every day to make charging accessible, sustainable, and enjoyable for all.<\/p>\n

\nFor more information, please visit www.allego.eu<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nAll statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d, \u201cproject,\u201d \u201cforecast,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d \u201ctarget\u201d 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, without limitation, Allego\u2019s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego\u2019s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely affecting Allego\u2019s business, (ii) the price and availability of electricity, (iii) the risks associated with vulnerability to industry downturns and regional or national downturns, (iv) fluctuations in Allego\u2019s revenue and operating results, (v) unfavorable conditions or further disruptions in the capital and credit markets, (vi) Allego\u2019s ability to generate cash, service indebtedness and incur additional indebtedness, (vii) competition from existing and new competitors, (viii) the growth of the electric vehicle market, (ix) Allego\u2019s ability to integrate any businesses it may acquire, (x) Allego\u2019s ability to recruit and retain experienced personnel, (xi) risks related to legal proceedings or claims, including liability claims, (xii) Allego\u2019s dependence on third-party contractors to provide various services, (xiii) data security breaches or other network outage, (xiv) Allego\u2019s ability to obtain additional capital on commercially reasonable terms, (xv) Allego\u2019s ability to remediate its material weaknesses in internal control over financial reporting, (xvi) the impact of COVID-19, including COVID-19 related supply chain disruptions and expense increases, (xvii) general economic or political conditions, including the Russia\/Ukraine conflict or increased trade restrictions between the United States, Russia, China and other countries, and (xviii) other factors detailed under the section entitled \u201cRisk Factors\u201d in Allego\u2019s filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. If any of these risks materialize or Allego\u2019s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego presently does not 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\u2019s 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\u2019s 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\u2019s 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230620895147\/en\/<\/a><\/span><\/p>\n

\nInvestors
\n
investors@allego.eu<\/a><\/p>\n

\nMedia
\n
allegoPR@icrinc.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Germany Netherlands<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive Automotive Manufacturing EV\/Electric Vehicles Environment Manufacturing Green Technology Alternative Vehicles\/Fuels<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits ARNHEM, Netherlands–(BUSINESS WIRE)– Allego N.V. (\u201cAllego\u201d or the \u201cCompany\u201d) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced a long-term agreement to sell compliance credits generated via Allego\u2019s public charging stations in Germany to Esso Deutschland GmbH. The agreement has been signed through the end of 2028 and has a potential total value of up to \u20ac185 million. About Allego Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud … <\/p>\n

Continue reading “Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764550","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allego-enters-into-long-term-agreement-with-esso-deutschland-gmbh-to-sell-compliance-credits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits ARNHEM, Netherlands–(BUSINESS WIRE)– Allego N.V. (\u201cAllego\u201d or the \u201cCompany\u201d) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced a long-term agreement to sell compliance credits generated via Allego\u2019s public charging stations in Germany to Esso Deutschland GmbH. The agreement has been signed through the end of 2028 and has a potential total value of up to \u20ac185 million. About Allego Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. 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