Electromobility creating various opportunities, players preparing

Besides the auto industry and recharging network investments, the country’s push towards electromobility, strongly supported by a draft bill delivered by the government yesterday for consultation, is also creating various other new business opportunities.

Enterprises active in battery and recharging technology, spare parts for electric cars and e-bikes, for example, can expect production opportunities.

Business opportunities are emerging for electricity companies, fuel companies, network owners and operators, recharging technology manufacturers and technology firms.

The government’s draft bill includes provisions enabling fuel stations, shopping centers, super markets, parking lots, as well as municipalities and prefectures to install recharging stations. An extensive, widely accessible recharging network will be pivotal to the country’s overall electromobility effort.

The draft bill also includes a provision for the establishment of electric vehicle charging operators, expected to primarily develop their own recharging stations, at locations either owned by them or prospective partners.

The operators will also be able to collaborate with shopping centers, super markets, municipalities and any other entities wanting to install recharging stations but lacking the size or interest to get too involved with more complex procedures.

Hellenic Petroleum (ELPE) has already announced the establishment of a subsidiary to focus on the energy group’s electromobility interests. Also, Motor Oil has taken its first steps, mainly through NRG, the group’s supply firm.

Both these major energy groups have already installed some recharging stations along highways and at other points. All major fuel companies plan to follow suit.

The country’s major independent electricity suppliers, Heron, Elpedison and Protergia, plus smaller players, have all incorporated electromobility into their strategic plans.

Power utility PPC, aspiring to dominate this sector, has already announced three MoUs, with the AB Vasilopoulos supermarket chain, Beat taxi service, and airport operator Fraport Greece. PPC aims to have installed 1,000 recharging stations around Greece over the next two to three years.

Some electricity suppliers have formed partnerships with car industries. Elpedison has teamed up with Mercedes Benz Hellas, Motor Oil’s NRG with BMW, and Protergia with Kosmocar-Volkswagen.


PPC: Less than 3 yrs for 1,000 electric car recharge stations

Power utility PPC expects the installation of 1,000 electric vehicle recharging points around Greece to be achieved in less than three years, sources have informed.

Related MoUs signed by PPC with the AB Vassilopoulos supermarket chain, airport operator Fraport and the taxi service company Beat this goal were announced yesterday.

PPC is also ambitious on the installation of 10,000 recharging stations,  a target expected to be achieved between 2024 and 2025.

The current PPC administration’s objectives for recharging-point installations are far more ambitious than those of the corporation’s previous leadership, whose installation plan was limited to highways and fuel stations.

Aiming for far more extensive coverage that will increase the availability of recharging points for drivers, PPC chief executive Giorgos Stassis wants swift action and decisions to establish the corporation as a leading player in this fast-developing market.

PPC also plans to create a new division focused on the electric vehicles sector to help the company achieve its goals in this market.

A growing number of major European energy companies, both vertically integrated and not, have entered the electric vehicles market over the past three years.