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LS Power Completes Acquisition Of EVgo

EVgo’s footprint of more than 750 sites includes more than 1,250 fast chargers and extends across 34 states.

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LS Power, a U.S. power and energy infrastructure owner, recently announced that it has completed its previously announced acquisition of EVgo, a public fast charging network for electric vehicles.

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Founded in 2010, EVgo is a market leader in developing, building, owning and operating the largest electric vehicle fast charging network in the United States. Its footprint of more than 750 sites includes more than 1,250 fast chargers and extends across 34 states, said the company.

In 2018, EVgo’s public fast charging network powered more than 75 million electric miles and offset an estimated 17,000 metric tons of carbon emissions. According to the company, in 2019, EVgo became the first EV charging network in the U.S. to be powered by 100% renewable energy. Additional network capacity expansion underway will further accelerate EVgo’s contribution to decarbonizing the transportation sector, which has been identified by the Energy Information Administration as the leading source of greenhouse gas emissions.

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