The last quarter of 2015 saw quite a boom in the revenue of the electric vehicle charging station company Fastned, going by the most recent figures from the Dutch company.
Altogether, the company saw revenue growth of 340%, and the volume of kilowatt-hours (kWh) delivered by the company increase by 374%, during Quarter 4 2015 (as compared to Quarter 4 2014), according to an email sent to EV Obsession.
Th company also recently achieved a milestone with regard to the number of electric vehicle (EV) charging stations in operation in the Netherlands — with the 50 charging station mark achieved only a few weeks ago. Many of these stations, 11 to be exact, were finished in the 4th Quarter of 2015.
The recent email provides more details:
The growth shows that there is a growing need for fast-charging at prime stations along the highway. Last year the number of full electric cars in The Netherlands increased with 37%.
Fastned is growing because customers charge more kWhs, and the number of Fastned stations has increased in 2015. In the fourth quarter the volume grew faster than the revenue, because of a last year introduced offer whereby customers can experience fast charging at Fastned for free during the first month.
In addition to the stations along the highway Fastned is working hard to expand its network to cities. In November last year Fastned signed an agreement with the municipality of The Hague to build five fast charging stations. Fastned is also working on a European network of fast charging stations.
The company’s network is starting to look quite impressive. While the network doesn’t have anything quite like the extent and reach of Tesla’s Supercharger network, it’s starting to look like it can support the needs of a growing regional EV market. Until high-range EVs become ubiquitous, such networks are probably a necessity if the general public is going to embrace the technology. Plus, they will be important for long-distance travel even if EVs get up to 300 miles of range.