EVgo and Partners Selected by Ohio Department of Transportation for Proposed Awards of $13.8M in NEVI Funding for 20 Fast Charging Stations Along Interstate Corridors
- EVgo and its eXtend partners have been selected for $13.8M in funding to deploy 20 fast charging stations in Ohio
- EVgo and its partners received over 75% of the awarded funds from DriveOhio
- EVgo currently operates 37 fast charging stalls across 10 locations in Ohio
- None.
Public funding supports the development of both EVgo-owned fast charging stations at retail locations, as well as those built through EVgo eXtend partnerships
EVgo's Kroger Brewers Yard fast charging station in
“Fast charging deployments are poised to scale at unprecedented rates thanks to the public-private partnerships strengthened by NEVI, and states like
Today,
For more information about the EVgo charging network, visit www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since 2019, EVgo has purchased renewable energy certificates to match the electricity that powers its network. As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network includes around 900 fast charging locations, 60 metropolitan areas and 30 states. EVgo continues to add more DC fast charging locations across the
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," “proposed,” "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, express or implied statements regarding EVgo’s future financial performance and the anticipated award of funding and EVgo’s deployment of chargers in connection with the NEVI program and associated state programs. These statements are subject to numerous assumptions, risks and uncertainties and on the current expectations of EVgo’s management, and are not predictions of actual performance. See “Risk Factors” in EVgo’s Annual Report on Form 10-K filed with the SEC on March 30, 2023, as well as its other filings with the SEC, copies of which are available on EVgo’s website at investors.evgo.com, and on the SEC’s website at www.sec.gov. All forward-looking statements in this press release are based on information available to EVgo as of the date hereof, and EVgo does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
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https://drive.ohio.gov/programs/electric/infrastructure/nevi/nevi |
View source version on businesswire.com: https://www.businesswire.com/news/home/20230717438519/en/
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Source: EVgo
FAQ
What is the funding awarded to EVgo and its eXtend partners for?
How much funding did EVgo and its partners receive from DriveOhio?