NHOA

Atlante to Receive Additional €17 Million of Financial Support From the European Union to Deploy 700 Fast and Ultra-Fast Points of Charge in Italy

Regulatory News:

Atlante, the company of NHOA Group (NHOA.PA, formerly Engie EPS) dedicated to fast and ultra-fast charging network for electric vehicles (“EV”), has been selected for the third time to receive a grant by the European Union under CEF Transport – Alternative Fuels Infrastructure Facility (“AFIF”) – fifth cut-off date, the funding programme supporting European transport infrastructure, with the award, this time, of a €17.2 million grant.

Under the same European programme, second cut-off, Atlante had been awarded in 2022 with €23 million and again in September 2023, under the fourth cut-off, with an additional €49.9 million funding, totaling with this fifth cut-off, c. €90 million of funding. The selection has been approved by the EU Member States and by the European Commission.

Under this project, named AtlanteHIT, Atlante plans to install over 700 electrified parking slots, distributed among 44 fastcharging hubs, of which 32 for passenger cars and vans and 12 for heavy-duty vehicles, such as trucks, buses and coaches.

Atlante’s latest funding reinforces its position as a comprehensive and active player in the EV charging ecosystem. Each new Atlante charging hub, situated along the trans-European transport road network (TEN-T), will feature 12 or 24 points of charge for light-duty vehicles hubs and 8 points of charge for heavy-duty vehicles hubs, making Atlante’s infrastructures a highly strategic addition to Italy’s EV landscape – which nowadays notably counts a limited fastcharging infrastructure.

Furthermore, by introducing fastcharging hubs dedicated to e-Trucks, Atlante is addressing also the high-emission segment of heavy-duty vehicles and taking a crucial step towards decarbonizing transport in Southern Europe.

Importantly, the AtlanteHIT project has been supported by Cassa Depositi e Prestiti, the Italian Implementing Partner, that confirms its role as a facilitator of access to European resources and development opportunities and as a lender in support of sustainable infrastructure development projects.

All Atlante charging hubs will be powered by 100% renewable energy and modular in design, allowing for flexibility and scalability. Each station will either come equipped with on-site battery storage or be readily adaptable for it, ensuring efficient management of peak charging hours. Additionally, the stations will harness on-site or off-site solar energy production. Once fully developed, all points of charge will fully integrate with National grids, forming one of the largest Virtual Power Plants globally.