Vattenfall aims for leadership in EV charging infrastructure

Vattenfall has set up a new business unit with the aim to become a leading electric vehicle (EV) charging infrastructure operator in Northwest Europe within five years, whilst achieving a turnover of SEK 1 billion.

"We are continuously developing in order to meet requirements of the new energy landscape and the needs of our customers. Electric vehicles are increasingly popular, thus increasing the need for easy charging solutions. This is the key driver for us and our partners and with the new unit we are putting force behind our ambition to build one of Northwest Europe’s biggest charging networks," says Magnus Hall, Vattenfall's CEO.

Vattenfall currently operates EV charging networks in Sweden, Germany and the Netherlands. Vattenfall will now gradually extend the offering for convenient home, business and public charging solutions to new markets, such as the UK, France and Norway. "From now on we expect our charging network to double in size every year in order meet a sharp increase in electric vehicle growth. We aim for a turnover of SEK 1 billion within five years," says Tomas Björnsson, Head of Vattenfall's E-mobility business unit.
 
The new business unit employs some 60 people today and is growing rapidly.

In a bid to further promote the usage of electrical vehicles, Vattenfall is currently implementing a program to electrify its fleet of 3,500 vehicles. Those will be replaced with EV:s or hybrid-cars by 2022.

Vattenfall's strategy is to be fossil free within one generation. Under the current investment plan, SEK 3 billion has been allocated for the development of new businesses, including charging infrastructure and battery storage.

Facts
Vattenfall currently operates 8.800 charging points in Sweden, the Netherlands and Germany. The InCharge charging network was launched in Sweden in November 2016. It is developed together with cities, businesses, municipalities and local power companies. Read more at www.goincharge.com

For further information, please contact:
Vattenfall’s Press Office, telephone: +46 (0)8 739 50 10, email: press@vattenfall.com

See also

Vattenfall charging station

Flexible charging cuts electricity bills and creates grid stability

Steered charging of electric vehicles can provide the electricity grid with much needed flexibility. In Berlin and Amsterdam, Vattenfall is running two interesting new projects to test flexi...

[Missing text '/newslistpagetemplate/NewsItemPage' for 'English']
 Vattenfall Solar Team 2020. Due to Coronavirus guidance, the Vattenfall Solar Team could not be photographed together. The team photo is made up of 17 individual photos.
Photo: Jorrit Lousberg

Vattenfall Solar Team out of the starting blocks for the Australia solar race

Because of the Coronavirus pandemic, don't know yet whether the Bridgestone World Solar Challenge will happen this October, but the Vattenvall Solar Team is making sure it's ready for it any...

[Missing text '/newslistpagetemplate/NewsItemPage' for 'English']
Scania R 450 truck equipped with pantographs

Sweden and Germany are leading the development for electric roads

Germany and Sweden are world leaders when it comes to real-world studies on electric roads. On Gotland, the world's first wireless e-road has been finished.

[Missing text '/newslistpagetemplate/NewsItemPage' for 'English']