EVgo ($EVGO) Awarded NEVI Funding to Deploy 350kW Fast Charging Stations in Ohio

SAN DIEGO, CA / ACCESSWIRE / July 17, 2023 / EVgo Inc. (NASDAQ:EVGO), one of the nation's largest public fast charging networks for electric vehicles, has announced the company and its eXtend partners were selected by DriveOhio for proposed awards of $13.8M in funding to deploy 20 fast charging stations.

All of these stations will be equipped with 350kW high-power fast charging capabilities. Additionally, in DriveOhio's initial release of the National Electric Vehicle Infrastructure (NEVI) program funds, EVgo and its eXtend partners received a significant share, surpassing 75% of the awarded amount, which amounts to over $18 million.

DriveOhio plans to release $100 million in NEVI funds over five years to bolster EV charging infrastructure deployment statewide.

Cathy Zoi, CEO at EVgo stated: "Thanks to our long operational history and our blue ribbon partnerships on both our owned and operated network and through our eXtend business, we are well-positioned to deliver the fast charging infrastructure needed by states like Ohio."

EVgo is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles.

Shares of EVgo trade on the NASDAQ under the ticker symbol EVGO. For more information visit www.greenstocknews.com

Source: https://greenstocknews.com/newswire/evgo-evgo-awarded-nevi-funding-to-deploy-350kw-fast-charging-stations-in-ohio

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