Benzinga | Nov 8, 2021 07:10AM EST

EVgo Awarded Grant Funding By State Of Pennsylvania To Expand Availability Of DC Fast Charging Stations

EVgo Inc. (NASDAQ:EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it was awarded several grants from the Pennsylvania Department of Environmental Protection (DEP) to install new high powered 350 kW DC fast charging stations. These projects are supported by the latest funding from the Pennsylvania DEP's Driving PA Forward initiative and add to the 3 stations and 10 DCFC chargers EVgo has already energized.

"EVgo is rapidly expanding our network, including in the Keystone state, thanks in part to the support of the Pennsylvania DEP through its Driving PA Forward program," said Jonathan Levy, Chief Commercial Officer at EVgo. "Locations matter massively when it comes to charging, and EVgo's commitment to siting fast charging where drivers want to stop and shop continues whether you prefer to get your hoagies at Wawa or your MTOs at Sheetz."

To date, EVgo has a total of 8 site host partners with operational stations in Pennsylvania, with host types from retail centers to pharmacies. EVgo has opened 3 new sites in Pennsylvania this year alone, with 3 more expected to be operational before the end of the year, for a total of 20 DCFC chargers. As of November 2021, EVgo's customer accounts in PA have grown by 140% since 2020, highlighting the rapid growth of EV adoption in the state. As the demand for EV charging infrastructure increases, EVgo is prepared to expand its footprint for all EVs on the market.

Pennsylvania's Driving PA Forward initiative aims to improve air quality in Pennsylvania and drive transformation from older, high-polluting diesel engines to clean transportation technologies. New engine technologies, like electric, will help significantly reduce greenhouse gas emissions in the state, and EVgo's fast charging network provides the reliable and convenient charging infrastructure necessary to support the mass adoption of EVs. The grants were awarded through the Fast Charging and Hydrogen Fueling Grant Program.