EVgo provides fast charging solutions for electric vehicles (EVs) and operates the largest public fast charging network in the United States, with over 800 stations across 66 markets. The company caters to individual EV owners, commercial businesses, retail locations, and government entities, as well as ride-sharing, car-sharing, and autonomous vehicle fleets. EVgo's charging stations are designed to meet the growing demand for convenient and reliable charging options as more consumers and businesses adopt electric vehicles. The company generates revenue by charging users for electricity at its stations and through partnerships with commercial and retail businesses to install charging stations at their locations, often involving revenue-sharing agreements. EVgo's goal is to provide essential infrastructure to support the increasing number of electric vehicles on the road, ensuring high reliability and convenience for its users.

California Energy Commission

US Department of Energy

BlackRock

Neuberger Berman

Neuberger Berman Group

Pacific investment Management

Van Eck

Wellington Management

Climate Real Impact Solutions I

Automotive & Transportation

Energy

EVgo

EVgo secures $75 million for EV charging expansion.

EVgo secures $75 million for EV charging expansion

Needham analysts hosted Paul Dobson, the CFO of EVgo, at the 27th annual Needham Growth Conference, which provided insights into the company's performance and market position.

Needham maintains EVgo stock at Hold rating on growth outlook

EVgo secures $1.25 billion loan amid Biden's rush to approve clean energy loans.

EVgo secures $1.25 billion loan amid Biden's rush to approve clean energy loans

EVgo's expansion project is expected to create approximately 180 external construction jobs and over 550 maintenance and support positions, which aligns with the administration's goal of fostering job creation through clean energy investments.

DOE grants $1.25B loan to EVgo for 7,500 new EV chargers across U.S.

EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) today announced it has received its first drawdown of $75 million from its $1.25 billion guaranteed

EVgo Receives First Drawdown from $1.25 Billion Loan Guarantee

EVgo Inc. has announced the receipt of its first drawdown of $75 million from a $1.25 billion guaranteed loan under the U.S. Department of Energy's Title 17 Clean Energy Financing Program.

EVgo Scales Fast Charging Nationwide

EVgo Inc. (NASDAQ: EVGO) has received its first drawdown of $75 million from its $1.25 billion guaranteed loan from the U.S. Department of Energy's Loan Programs Office.

EVgo closes $1.25 Billion Guaranteed tax payer Loan Facility from U.S. Department of Energy.

EVgo Closes $1.25 Billion Guaranteed Tax Payer Loan Facility from U.S. Department of Energy

EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) today announced the closing of its $1.25 billion guaranteed loan facility from the U.S. Department

EVgo Closes $1.25 Billion Guaranteed Loan Facility from U.S. Department of Energy

"With this latest Series D funding we're poised to not only expand our existing markets but also our offerings by bringing a transformative solution for energy storage systems to the market," said ConnectDER CEO Ivo Steklac, a former EVgo executive who took the helm in June.

citybiz+ Home Energy Startup ConnectDER Closes $35M Series D Led by Decarbonization Partners

Forms Clearlight EnergyREV Renewables Expands Development PlatformNEW YORK, Jan. 8, 2025 /PRNewswire/ -- LS Power, a leading development, investment, and operating company focused on the North American power and energy infrastructure sector, today announced the completion of its acquisition of Algonquin Power & Utilities Corp.'s renewable energy business.The acquisition strategically expands LS Power's renewable energy portfolio, adding to a fleet of more than 23,000 megawatts (MW) of top-performing renewable, energy storage, flexible gas and renewable fuels generation capacity, as well as a deep pipeline of projects in various stages of development."By substantially increasing our generation capacity and pipeline of new renewable projects, we will continue to help meet rising power demand while advancing the energy transition," said Paul Segal, CEO of LS Power. "We see great opportunity to deliver renewable projects at scale across the country, and this transaction furthers our plan to execute this vision."With the close of the transaction, LS Power formed a new company, Clearlight Energy ("Clearlight"), to manage and grow the acquired operating wind and solar assets, which are located throughout the United States and Canada, and include 44 projects with more than 3,000 MW of generating capacity."Establishing Clearlight Energy is an exciting achievement to support the transition to cleaner energy during this pivotal moment, and I am thrilled to work alongside a highly capable team at Clearlight and LS Power," said Jeff Norman, CEO of Clearlight Energy. Norman was previously President of Renewables at Algonquin, and brings almost 30 years of experience managing, operating, and developing energy projects and utilities throughout North America.Algonquin's renewable energy business includes a development pipeline of 8,000 MW of renewable and storage projects throughout North America. Clearlight Energy is acquiring 1,800 MW of the development pipeline, which includes projects in Canada and those that are co-located with the existing operating assets.REV Renewables, a subsidiary of LS Power, will be acquiring the remaining 6,200 MW of development projects within the United States. This acquisition will form a robust addition to REV Renewables' already sizeable fleet of ~2,900 MW operating wind, solar, battery energy storage resources, and expand its development pipeline to more than 21,000 MW."The acquisition of these additional development projects complements REV's objectives to develop renewable energy solutions that will transform our electric system," added Ed Sondey, CEO of REV Renewables.This marks the latest addition to LS Power's portfolio of companies and projects devoted to the energy transition and grid reliability, including, REV Renewables , CPower Energy , EVgo , Lightning Power , Rise Light & Power , and Waste to Renewable Fuel initiatives .The transaction closed on January 8, 2025, following the satisfaction of customary closing conditions, including regulatory approvals in Canada and the United States.Milbank LLP served as legal advisor and Scotiabank and BMO Capital Markets Corp

EVgo

Operates fast charging stations for EVs

EVgo

Operates fast charging stations for EVs

About

Simplify's Take

What believers are saying

What critics are saying

What makes EVgo unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

EVgo is Hiring for 0 Jobs on Simplify!