EVgo Achieves 250,000 Customer Milestone

Rhea-AI Summary

EVgo, the largest public fast charging network for electric vehicles in the U.S., announces it has surpassed 250,000 customers. This milestone follows recent partnerships and a commitment to enhance network accessibility. EVgo operates over 800 charging stations across 34 states, with 98% uptime on chargers. Significant partnerships with GM and Meijer aim to expand its network significantly by 2025. The company has also made strides in environmental impact, saving 12.5 million gallons of gas and reducing CO2 emissions.

Positive

• Achieved over 250,000 customers on its charging network.
• 98% uptime on chargers, ensuring reliability.
• Partnerships with GM to develop over 2,700 new fast chargers by 2025.
• Collaboration with Meijer for EV charging stations.
• Nissan Energy Perks program reached 6,000 members.
• Plans to deploy over 400 integrated Tesla connectors at existing stations.

Negative

• None.

LOS ANGELES, May 5, 2021 /PRNewswire/ -- EVgo (the "Company"), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today celebrated a new growth milestone as the Company has achieved over 250,000 customers on its charging network nationwide. The customer growth arrives on the heels of key partnership announcements and business updates from EVgo as it supports widespread EV adoption and accelerates its network expansion.

"The most important part of the transformation to electric transportation are the people behind the wheel," said Cathy Zoi, CEO of EVgo. "EVgo is thrilled to celebrate 250,000 customers choosing EVgo's convenient and reliable fast charging services. As EV sales skyrocket across America, we look forward to serving even more drivers as they go about their daily lives: shuttling kids to sports, buying groceries, or for professional drivers, getting a quick charge between deliveries or after an airport drop-off."

Every EVgo customer, from Members and Pay-as-You-Go customers to delivery and rideshare drivers, are all part of a rapid shift to EV adoption. EVgo is leading the way with industry-leading 98% uptime on its chargers, strategically located in retail locations and other attractive areas, ensuring we are delivering a reliable and convenient service to all customers and serving as a key enabler to our customer growth. 

Evidencing its recent network and customer expansion, EVgo has made the following announcements since the start of this year:

• Commissioned first fast charging stations from landmark EV charging infrastructure collaboration with GM with new stalls commissioned in Washington, Florida, and California. Under the partnership with GM, EVgo will triple its network with the development of more than 2,700 new fast chargers by the end of 2025.
• Unveiled a partnership with Meijer, a Midwestern retailer, to install EV charging stations at its supercenters.
• Announced that the Nissan Energy Perks by EVgo program, a partnership between EVgo and Nissan to build and promote fast charging stations across the country, reached 6,000 members in March and recently celebrated the opening of public fast chargers supported by the partnership in Washington, D.C. and Maryland.
• Announced plans to deploy more than 400 integrated Tesla connectors at its existing stations, with an additional 200 connectors reserved for new stations planned for 2021 in key cities. The expansion of its offering will enable Tesla drivers to charge at more EVgo stations across the country.
• Awarded grants to support the development of new fast chargers in New Jersey and Pennsylvania.

The promise of a clean, all-electric future of transportation includes economic, environmental, and national security benefits. EVgo has been helping avoid greenhouse gas (GHG) emissions since the deployment of the network's first urban fast chargers more than a decade ago. Since the Company's inception, EVgo has powered more than 282 million zero-emission miles, saving more than 12.5 million gallons of gas and reducing 114,000 metric tons of CO2, based on the US Environmental Protection Agency's (EPA) GHG equivalencies calculator.

About EVgo

EVgo is the nation's largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations in more than 65 metropolitan areas across 34 states, EVgo owns and operates the most public fast charging locations in the US. and serves more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for all U.S. drivers to take advantage of the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo is owned by LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with Climate Change Crisis Real Impact I Acquisition Corporation ("CRIS") (NYSE: CLII).  For more information visit evgo.com and lspower.com.

About LS Power

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and has developed more than 660 miles of high voltage electric transmission. Additionally, LS Power actively invests in businesses focused on renewable energy and renewable fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $46 billion in debt and equity capital to support North American infrastructure. For more information, please visit www.lspower.com.

Contacts:

EVgo

For Investors:
EVgoIR@icrinc.com

For Media:
EVgoPR@icrinc.com

LS Power

Steven Arabia
Director, Government Affairs & Media Relations
sarabia@lspower.com
609-212-3857

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SOURCE EVgo

FAQ

What milestone did EVgo achieve on May 5, 2021?

EVgo announced it has surpassed 250,000 customers on its charging network.

How reliable are EVgo's charging stations?

EVgo has a 98% uptime on its charging stations, ensuring reliability for customers.

What partnerships has EVgo announced recently?

EVgo announced partnerships with GM to triple its network and with Meijer to install charging stations.

How many new fast chargers will EVgo install with GM?

EVgo plans to develop over 2,700 new fast chargers by the end of 2025 through its partnership with GM.

What environmental impact has EVgo had?

EVgo has saved over 12.5 million gallons of gas and reduced CO2 emissions significantly since its inception.