EVgo secures funding awards for fast-charging infrastructure

EVgo secures funding awards for fast-charging infrastructure

EVgo secured substantial funding awards, including $12.7 million across various states for expanding charging infrastructure.

EVgo announced it has been selected for more than $12.7 million in preliminary awards from a variety of funding sources across California, Colorado, and Pennsylvania, including utilities, air districts, state energy offices and state departments of transportation via the National Electric Vehicle Infrastructure (NEVI) formula program during the third quarter of 2023. In total, these new awards will support the buildout of more than 150 fast-charging stalls, EVgo said.

Since announcing in July 2023 that EVgo and its eXtend partners were awarded more than 75% of funds in Ohio’s NEVI program, EVgo and its eXtend partners have been selected for more than $4.3 million in additional NEVI awards; this includes more than $1.5 million in Colorado supporting the construction of 14 stalls, and more than $2.8 million in funding in Pennsylvania supporting the construction of 18 stalls. To date, EVgo said it and its eXtend partners have been selected for approximately 20% of awarded NEVI funds, with additional announcements expected before the end of the year. All EVgo and eXtend stations to be built along corridors with NEVI funding will feature high-power 350kW fast charging, the company said.

In the third quarter of 2023, EVgo received a preliminary award of $4.3 million from the California Energy Commission’s Fast and Available Charging for All Californians (FAST) grant, which seeks to support infrastructure deployments for high mileage on-demand transportation services, car sharing enterprises, car rental agencies and the public. FAST is funded through the Clean Transportation Program, which invests up to $100 million annually to fund a broad portfolio of clean transportation infrastructure projects throughout the Golden State.

Other recent awards include more than $2.9 million from the Bay Area Air Quality Management District and more than $1.1 million from the Los Angeles Department of Water and Power Public Access program.

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