EVgo Inc.

EVgo was created in 2010 as part of a settlement between NRG Energy and the California Public Utilities Commission in the aftermath of the Enron scandal. The company was required to invest $100 million in the installation of public electric vehicle chargers. In 2016, EVgo was sold to investment group Vision Ridge Partners, and then again, in 2020, to LS Power.

EVgo's common stock began trading on the NASDAQ on July 2, 2021, under the ticker symbol EVGO. The same month, EVgo acquired Recargo, the California company which develops the PlugShare electric vehicle charging station locator application, for US$25 million.

In June 2022, the company announced a partnership with General Motors (GM) to expand compatibility and access for GM vehicles. Along with this announcement, EVgo also unveiled the EVgo eXtend project in collaboration with General Motors (GM) and Pilot Company. This initiative aims to deploy 2,000 high-power fast charging stalls at Pilot and Flying J locations across the U.S. The charging stalls, with a capacity of 350 kW, will be installed, operated, and maintained by EVgo and networked through EVgo eXtend. These sites are planned among major charging corridors and current Pilot/Flying J travel stops with canopies, pull-through stations, and other amenities. At the annual CES tech trade show in January 2023, EVgo announced a partnership with online retailer Amazon to allow drivers with Alexa -equipped cars to locate, schedule and pay for charging using Alexa, with a planned roll-out later in 2023. The company installed its 1000th fast DC charger on August 1, 2023, in Woodridge, Illinois. As of December 2023, these new stations are now available in 13 states with 17 locations available to the public.

In May 2024, Evgo reached more than one million registered customer accounts which is a 400% increase in customer accounts since April 2020. In September 2024, EVgo and GM announced another project collaboration that will result in EVgo deploying 400 additional charging stalls at flagship destinations in major metropolitan areas across the U.S. These flagship stations are expected to feature 350kW fast chargers, ample lighting, security cameras, canopies to provide overhead cover for drivers charging, and pull-through stations for ease-of-charging when towing. In addition, these flagship stations will include up to 20 stalls with select locations providing significantly higher stall counts.