Pod Point Enters Capacity Market, Boosts Revenue

Pod Point Group Holdings PLC (GB:PODP) has released an update.

Pod Point Group Holdings PLC, a leading EV charging solutions provider in the UK, has announced its entry into the Capacity Market, expecting to generate £500,000 in Energy Flex revenue for 2024. This strategic move involves 60,000 chargepoints offering 65MW of capacity, marking a significant expansion into new markets and a 10-fold increase over the previous year’s revenues. The company boasts the largest chargepoint network in the UK, now a major player in regional and national Flex markets, promising benefits for consumers, the grid, and Pod Point’s recurring revenue streams.

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