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Fastned Records Strong Growth In Q4 2016

Originally published on CleanTechnica.

The Netherlands-based electric vehicle fast-charging solutions firm Fastned recorded strong growth during the fourth quarter of 2016, according to a new email sent to CleanTechnica.

As compared to Quarter 4 2015 (a year-on-year comparison), Quarter 4 2016 saw volume growth of 168,381 kWh (+209%); revenue growth of €81,382 (+174%); and customer growth of 3,177 (+92%).

This growth (volume + revenue) was achieved through a combination of: an increase in charging station numbers and an increase in utilization rates per station. Fastned recently completed 6 electric vehicle (EV) fast-charging stations in the Netherlands — including 5 along the highway and the other one in The Hague.

The email provides more: “In November, Fastned introduced a very well received Routeplanner tool which allows our customers to plan a journey using Fastned stations. Early December, Fastned raised €2.5 million in just 4 days through an issue of bonds. Late December, Fastned lowered the prices of ‘per kWh’ charging from 79ct to 59ct, and the monthly subscription fee for ‘Standard’ from €12 to €9.99; Fastned raised the monthly subscription fee for ‘Power’ from €24 to €29.99 (all prices including VAT).”

The company is reportedly expecting strong growth to continue in 2017, largely as a result of newly improved tax incentives for EVs in the region, but also as a result of the launch of new, longer-range EVs there. The compelling, long-range EV models include the new Renault Zoe EV, the Opel Ampera-e (Chevy Bolt EV), and the Tesla Model 3 (presuming it launches on time).

Reprinted with permission.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


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