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LS Power Company EVgo Further Extends Nation’s Largest Fast Charging Network to Tesla Drivers

LS Power Company EVgo Further Extends Nation’s Largest Fast Charging Network to Tesla Drivers

February 12, 2021

LS Power company EVgo, the nation’s largest public fast charging network for electric vehicles (EVs), is expanding its offering for Tesla (NASDAQ: TSLA) drivers to charge at more EVgo stations across the country, upgrading hundreds of its stations with integrated Tesla connectors. This will further EVgo’s reach as the only EV charging platform that is both 100% renewable electricity powered and capable of charging all three fast charging standards (CHAdeMO, SAE Combo or CCS, and Tesla) without the need of a separate adaptor. This, combined with EVgo’s industry leading uptime of 98%, will further extend the benefits of EVs to more U.S. drivers and reduce greenhouse gas emissions from the transportation sector.

EVgo will deploy more than 400 integrated Tesla connectors at existing EVgo stations, with an additional 200 connectors reserved for new stations planned for 2021 in key cities including San Francisco, Los Angeles, San Diego, Seattle, Denver, Dallas, Austin, Washington D.C., Salt Lake City, and Miami. EVgo first launched the integrated Tesla connectors at its locations in San Francisco and Los Angeles in December 2019, positioning itself as the first multi-standard fast charging platform to offer Tesla connectors in the U.S., and remains the only third-party fast charging network to be incorporated in the Tesla navigation system in the U.S.

Today, Tesla represents as much as 80% of the U.S. market for EVs and its drivers, like all EV drivers, need convenient, reliable options to charge. EVgo’s strategic and convenient locations in grocery stores and retail outlets across the country meet that need. And now, EVgo’s increased footprint with hundreds of additional integrated Tesla connectors mean Tesla drivers can charge without the need for an adaptor.

“EVgo’s expansion of integrated Tesla connectors underscores our commitment to delivering convenient and reliable fast charging to all EV drivers,” said Cathy Zoi, CEO of EVgo. “EV drivers seek efficiency and convenience in how they charge their vehicles, including the ability to shop while they charge. Today’s exciting announcement will make it even easier for Tesla drivers to top up while they grocery shop and run other errands, while driving greater utilization across our growing charging network.”

EVgo’s integrated Tesla connectors are capable of providing 100 miles of charge in 30 minutes, which is aligned with the requirements of customers who charge at retail locations. EVgo’s site host partners, including The Save Mart Companies, Sheetz, and shopping malls across the country, see significant value in offering easy access to fast charging right outside their stores. And with the pool of EV drivers and vehicles expected to dramatically increase to more than 7 million by 2027, the appeal of onsite charging and the value offered by EVgo’s network will continue to expand as well.

Business Combination Update

EVgo remains on track to complete its previously announced business combination with Climate Change Crisis Real Impact I Acquisition Corporation (“CRIS”) (NYSE: CLII), a publicly traded special purpose acquisition company, in the second quarter of 2021. Upon closing, the combined company will be named EVgo Inc. and trade under the symbol “EVGO” on the Nasdaq. For additional information related to the business combination, please visit www.evgo.com/investors.

About EVgo

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations in more than 67 metropolitan areas across 34 states, EVgo owns and operates the most public fast charging locations in the US. and serves more than 220,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for all drivers to take advantage of the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. For more information, visit evgo.com and lspower.com.

ABOUT LS POWER:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Additionally, LS Power Grid has built 780+ miles of high-voltage transmission, with 350+ miles and multiple grid infrastructure projects currently under construction or development. LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $54 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.