- Business
- Alfen N.V. (ALFEN.AS) designs, engineers, develops, produces and services smart grid solutions, energy storage systems and EV charging equipment to support Europe's energy transition; its Smart Grid Solutions segment supplies secondary transformer substations, grid automation devices, proprietary back-end systems for remote grid management, micro-grids, grid connections and specialized offerings for greenhouse horticulture, EV fast-charging hubs and solar PV farms; the Energy Storage Systems segment provides modular systems for load balancing, peak shaving, grid frequency control and energy trading, including stationary and mobile battery solutions such as TheBattery Elements in a new 20-foot containerized format with enhanced energy density and reduced noise inverters; the EV Charging Equipment segment delivers smart connected chargers for home, office and public use, along with an online management platform for charging infrastructure, load balancing and charging hubs. Founded in 1937 and headquartered in Almere, the Netherlands, Alfen operates primarily in the Netherlands, Belgium, Finland, France, Germany, Italy, Norway, Poland, Spain, Sweden, the United Kingdom, Austria, Switzerland and other European markets through subsidiaries like Alfen BV and Alfen Elkamo, with additional offices in Sint-Niklaas (Belgium), Wellingborough (UK), Oberhausen (Germany) and Vähäkyrö (Finland). Recent developments include strengthened partnerships with wholesalers Libra Energy and Cebeo, expanded deliveries to Norlys in Denmark and Indigo in Belgium for business and public chargers, a major contract with NOP Agrowind for a 49MW/196MWh battery storage system, wins with Oulun Energia for a 20MW/40MWh system, Belectric for Eekerpolder solar park grid integration and Greener for 56 Mobile-X units, alongside leadership changes such as the appointment of a new CEO in July 2025, early retirement of the prior CEO, Michelle Lesh stepping down as Chief Commercial Officer and cost reduction measures reducing personnel costs by 9.8% and operating expenses by 18.3% in H1 2025.