EVgo Selected by the California Energy Commission for $6.6 million in proposed awards

EVgo Inc.

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EVgo Inc., one of the nation’s largest public fast charging networks for electric vehicles, announced today that it has been chosen for $6.6 million in proposed awards from the California Energy Commission’s California Electric Vehicle Infrastructure Project 2.0 program.

The funding is intended to aid in the deployment of fast charging infrastructure in California’s central and eastern regions through the Golden State Priority Project, which offers rebates for the installation of DC fast chargers capable of at least 150kW, with a focus solely on disadvantaged or low-income census tracts.

EVgo will use the rebate to install high-power 350kW chargers at each of the locations supported by this program, as part of the company’s ongoing commitment to providing a best-in-class charging experience.

The GSPP was the first project available through CALeVIP 2.0, launched in January 2023, with a focus on equity and swift charger installation. EVgo plans to build more than 100 DC fast charging stalls in 17 cities across central and eastern California, including Fresno, Hayward, Manteca, El Cerrito, Antioch, and San Jose, with the proposed funding.

More than 40% of EVgo’s existing fast charging network in California is in disadvantaged and/or low-income census tracts, and with these 17 fast charging projects, EVgo will be able to bring more convenient and affordable charging GSPP incorporates a number of public funding best practices, including a focus on higher-power equipment and project readiness, prioritizing projects that are likely to deliver near-term results for Californians.

EVgo (Nasdaq: EVGO) is a charging solutions pioneer, developing and operating the infrastructure and tools required to accelerate the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses.

EVgo has led the way to a cleaner transportation future since its inception in 2010, and its network has been powered by 100% renewable energy since 2019 through the purchase of renewable energy certificates.solutions to neighborhoods that will benefit the most from transportation electrification.

EVgo’s owned and operated charging network includes approximately 900 fast charging locations, 60 metropolitan areas, and 30 states, making it one of the nation’s largest public fast charging networks. EVgo’s white label service offering, EVgo eXtendTM, continues to add more DC fast charging locations.

Through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations, EVgo is accelerating transportation electrification. EVgo enables world-class charging experiences where drivers live, work, travel, and play, thanks to a rapidly growing network, robust software products, and unique service offerings for drivers and partners such as EVgo OptimaTM, EVgo InsideTM, EVgo RewardsTM, and Autocharge+.

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