Algo Drops 64.69% Year-to-Date Amid Charging Network Expansion in Slovenia

On DEC 17 2025, ALGO rose by 0.94% within 24 hours to reach $0.1177, ALGO dropped by 3.91% within 7 days, dropped by 13.54% within 1 month, and dropped by 64.69% within 1 year.

Allego Advances EV Charging Infrastructure in Slovenia

Allego, a European leader in public electric vehicle (EV) charging infrastructure, announced a major expansion into Slovenia through a collaboration with HOFER, a prominent retail chain, and Enertec, an engineering and infrastructure partner. The partnership will see fast-charging stations installed at HOFER’s outdoor parking areas across the country, offering EV drivers 24/7 access and convenience during shopping or longer trips. The rollout is part of a broader shift in Slovenia toward sustainable mobility, with hybrid and electric vehicles accounting for a growing share of new passenger car registrations.

Slovenia’s transition toward alternative-propulsion vehicles is gaining momentum. In 2024, hybrids represented 26% of new registrations, and fully electric vehicles accounted for 6%. As this trend continues, the demand for accessible and high-quality charging solutions increases, positioning Allego to play a pivotal role in the country’s sustainable transport future.

The collaboration leverages the strengths of all three partners: HOFER offers a strong retail network, Allego brings operational expertise in public EV charging, and Enertec supports the critical engineering and energy infrastructure. The network is designed to be scalable and future-ready, serving both daily commuters and long-distance travelers.

Strategic Growth in Public EV Charging

The expansion into Slovenia builds on Allego’s recent milestone of opening its 1000th high-power charging station in Europe. The company has also partnered with DIY retailer HORNBACH to deploy 160 fast-charging points across the Netherlands in 2026, reinforcing Allego’s strategy of embedding charging solutions into everyday retail and travel environments.

Additionally, Allego has broadened its scope beyond EV charging by entering the extended mobility services market. The company aims to integrate more comprehensive mobility solutions into its offerings, supporting a broader range of sustainable transportation needs.

In a move to improve user experience, Allego also launched a new mobile app in December 2025. The app is designed to simplify and enhance the EV charging process across Europe, offering greater transparency and ease of use for consumers.

Technical Advancements and Partnerships

Allego has continued to strengthen its technical capabilities through key partnerships. Most notably, the company signed a framework agreement with Kempower, a leader in EV charging technology, to deliver next-generation high-power charging solutions across Europe. This partnership aims to enhance the efficiency and reliability of public charging infrastructure.

Earlier in 2025, Allego also appointed a new Chief Technology Officer, signaling a commitment to innovation and technical leadership. The company has consistently focused on long-term operational excellence, positioning itself to support the growing European EV ecosystem.

Future-Ready Infrastructure for European Mobility

Allego’s partnership with HOFER and Enertec is emblematic of the company’s broader mission to make EV charging a seamless part of daily life. By installing fast-charging stations with capacities up to 400 kW at convenient retail locations, Allego is reducing range anxiety and encouraging the adoption of electric vehicles.

The availability of these stations will be listed in HOFER’s store locator as well as major public charging directories, ensuring that both HOFER customers and the general public benefit from the network. This move aligns with European efforts to expand public EV infrastructure and accelerate the transition to sustainable mobility.

With Allego continuing to scale its operations and enhance its offerings, the company remains a key player in the European EV charging market. Despite the recent challenges in the broader cryptocurrency and digital assets sectors, Allego’s physical infrastructure investments remain grounded in long-term strategic planning.