Solar charging stations will now meet the demand for charging stations
Being able to charge vehicles whenever and wherever needed is a necessity for the continued sustainable transformation of the transport sector. But in light of the energy crisis and climate change, the development of charging infrastructure faces enormous challenges. Not least because the number of electric vehicles per number of public charging stations has already more than tripled in the last five years. With a co-financing agreement worth about one billion SEK in place (USD 110 million), Green Stop will deliver locally produced renewable energy at important hubs along road networks through solar cell stations.
An Answer to the Need for Charging Infrastructure
Having developed SEK 5 billion worth of wind farms over the past 12 years, the founders of Green Stop have now identified the next important contribution to the energy transition, this time through the electrification of the transportation sector. The fact that by 2030 as many as 2.5 million rechargeable vehicles (about 7 times more than today) are expected to roll on Swedish roads requires a huge expansion of the charging infrastructure. Both the general availability of electricity and the availability of a charging station just when the vehicle needs to be charged are crucial for the electrification of cars, trucks and buses.
Agreement with Infrastructure Fund Gives Muscle to Electrify
Green Stop has recently signed a crucial agreement with the infrastructure fund Obligo Nordic Climate Impact Fund. Gilles Lafleuriel, Head of Sweden at Obligo, believes that the partnership with Green Stop is a natural step for Obligo to take an active role in the electrification of the transport sector, which is one of the fund’s investment objectives and fully in line with the view of sustainable investments. The experience of key people within Green Stop and the obvious need for such infrastructure assets were very important for the decision to join Green Stop. Green Stop’s CEO Otto Werneskog agrees. “Our shared experience and vision, together with Bongo’s financial muscle, allows us to act quickly to build sustainable infrastructure for the transportation sector”. Through financing of Green Stop’s operations and up to USD 110 million (equivalent to just over SEK 1 billion) in co-financing of projects, the parties will contribute to Sweden becoming climate neutral by 2045.
Green Stop’s concept loosens the knot for the logistics chain
Customers will be given the benefit of booking a slot at the charging station at a predictable electricity price, which means that both time schedule and budget can be secured for logistics operators. Since the electricity is self-generated, charging stations can be placed in strategic positions even where the regular charging network experiences power shortages, and enable customers to optimize and plan the price of electricity for charging.
Land Converted Into a Profitable Asset
The path towards an electrified transport sector chosen by Green Stop is based on the concept of leasing land at strategic positions along the road network and establishing solar cell stations consisting of solar cells and charging stations. Green Stop covers all costs and operation while landowners are given the opportunity to convert unused land into a profitable asset with a potential lifetime of 25 years at low risk.
Read the press release here: https://www.obligogroup.com/app/uploads/sites/25/press-release-obligo-green-stop.pdf
