TMCnet News
Fastned Triples RevenuesAMSTERDAM, January 15, 2019 /PRNewswire/ -- The charging company sold more electricity in the fourth quarter of 2018 than in the whole year of 2017 In the fourth quarter of 2018 Fastned's (EURONEXT: FAST) growth strongly accelerated. In the last three months of the year Fastned delivered more electricity than throughout the whole of 2017. Thanks to timely investments in grid connections and stations Fastned was well prepared for the rapid increase in the number of electric cars visiting its stations. With popular EVs like the Jaguar I-PACE and the Tesla Model 3 entering the market Fastned expects further growth in the demand for fast charging in 2019.
Q4 milestones:
Please note that the numbers above are unaudited. Audited annual figures will be published in March. Background information about Fastned: Fastned is building a European network of fast-charging stations where all electric cars can charge as fast as possible with 100% renewable energy. The stations are located at high traffic locations along the highways and in cities, where EVs can charge in approximately 20 minutes. Fastned's goal is to build a European network of one thousand fast charging stations. This will give electric drivers the freedom to drive across Europe. As of today, Fastned has 85 stations operational in The Netherlands and Germany. Fastned is preparing the construction of fast charging stations in The Netherlands, Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange. Fastned is rolling out its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers are investing billions of Euros in the development of, and production capacity for, EVs. More and more EVs are hitting the roads, which drives the need for charging infrastructure. For more information go to http://www.fastned.nl/en |