EVgo Launches “EVgo ReNew™” to Improve and Enhance Quick Charging Expertise Nationwide

evgo charging station, LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (NASDAQ: EVGO), one of many nation’s largest public quick charging networks for electrical autos (EVs), at the moment introduced EVgo ReNew™, an enhanced and complete upkeep program designed to make sure stations throughout EVgo’s charging community meet its high quality and know-how requirements. By this system, EVgo plans to exchange, improve, or in some circumstances retire, lots of of stations over the approaching 12 months with the targets of enhancing charger availability and constructing vary confidence for EV drivers of all kinds.

“As extra EVs come to market with expanded ranges, massive battery packs and better energy charging capabilities, EVgo is invested in constructing and sustaining a charging community match to welcome and help an all-electric future for each driver.”

EVgo ReNew is comprised of six core pillars that define EVgo’s method to reliability: Prevention, Diagnostics, Fast Response, Evaluation, Resilience, and Steady Buyer Service. This effort contains ramping up in-person preventative well being checks of chargers; bettering system monitoring, diagnostic, and restoration instruments; changing legacy tools; and retiring problematic chargers if substitute or improve is impractical. EVgo ReNew builds on EVgo’s current charger upkeep efforts, which embody 24/7 monitoring and preventative well being checks at charging stations, as a part of its dedication to industry-leading uptime.

EVgo evaluates websites primarily based on historic charger efficiency, present and forecast consumer demand, technical capability on the location, and proximity to different quick charging stations. The place potential, EVgo will set up new chargers with energy ranges as much as 350kW. By a mixture of proprietary market evaluation, data-driven insights and buyer suggestions, this system additionally identifies websites for decommissioning. Along with site-level evaluation, EVgo additionally works with website host companions to evaluate components like charger placement, station dimension, and energy ranges to make sure charging choices present the best worth for his or her clients and the group.

“Greater than a decade in the past, EVgo was one of many first corporations to put in public quick chargers. The EVgo ReNew program represents our ongoing dedication to reliability as we proactively modernize legacy infrastructure and work to ship the constant, high-quality charging expertise clients count on throughout our community,” stated Cathy Zoi, CEO at EVgo. “As extra EVs come to market with expanded ranges, massive battery packs and better energy charging capabilities, EVgo is invested in constructing and sustaining a charging community match to welcome and help an all-electric future for each driver.”

With EVgo’s community at present charging almost 50 completely different EV fashions – and an anticipated complete of greater than 100 EV fashions out there to the market within the subsequent two years – EVgo ReNew is designed to make sure that all EV drivers will be capable to reap the benefits of dependable, handy and quick charging classes throughout EVgo’s nationwide community.

By the primary three quarters of 2022, EVgo upgraded, changed or eliminated 125 charging stalls and is actively working with companions and website hosts to judge upgrading, changing, or eradicating lots of of further charging stalls in 2023.

For extra details about EVgo ReNew, go to www.EVgo.com/ReNew. EVgo clients may seek advice from the EVgo app and PlugShare to see present charger standing and examine notifications of upkeep or building work which will influence station availability.

About EVgo

EVgo (Nasdaq: EVGO) is a frontrunner in charging options, constructing and working the infrastructure and instruments wanted to expedite the mass adoption of electrical autos for particular person drivers, rideshare and business fleets, and companies. Since its founding in 2010, EVgo has led the way in which to a cleaner transportation future and its community has been powered by 100% renewable power since 2019 via renewable power certificates. As one of many nation’s largest public quick charging networks, EVgo’s owned and operated charging community options over 850 quick charging places – at present serving over 60 metropolitan areas throughout greater than 30 states – and continues so as to add extra DC quick charging places via EVgo eXtend™, its white label service providing. EVgo is accelerating transportation electrification via partnerships with automakers, fleet and rideshare operators, retail hosts reminiscent of grocery shops, procuring facilities, and gasoline stations, coverage leaders, and different organizations. With a quickly rising community, strong software program merchandise and distinctive service choices for drivers and companions together with EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo permits a world-class charging expertise the place drivers dwell, work, journey and play.

Ahead-Trying Statements

This press launch comprises “forward-looking statements” inside the which means of the “protected harbor” provisions of the US Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases reminiscent of “estimate,” “plan,” “venture,” “forecast,” “intend,” “will,” “count on,” “anticipate,” “imagine,” “search,” “goal” or different related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. These forward-looking statements are primarily based on administration’s present expectations or beliefs and are topic to quite a few assumptions, dangers and uncertainties that might trigger precise outcomes to vary materially from these described within the forward-looking statements. These forward-looking statements embody, however aren’t restricted to, categorical or implied statements concerning EVgo’s expectations and plans for its ReNew program, together with the scope and length of this system; the variety of stalls and chargers focused via this system; and the anticipated advantages of this system. These statements are primarily based on numerous assumptions, whether or not or not recognized on this press launch, and on the present expectations of EVgo’s administration, and aren’t predictions of precise efficiency. There are a big variety of components that might trigger precise outcomes to vary materially from the statements made on this press launch. See “Danger Elements” in EVgo’s Annual Report on Kind 10-Ok filed with the SEC on March 24, 2022, in addition to its different filings with the SEC, copies of which can be found on EVgo’s web site at buyers.evgo.com, and on the SEC’s web site at www.sec.gov. All forward-looking statements on this press launch are primarily based on data out there to EVgo as of the date hereof, and EVgo doesn’t assume any obligation to replace the forward-looking statements supplied to mirror occasions that happen or circumstances that exist after the date on which they had been made, besides as required by relevant legislation.