LS Power finalizes EVgo acquisition

LS Power has completed its acquisition of EVgo, the largest public fast-charging network for electric vehicles (EVs) in the US. With more than 750 fast-charging locations in 66 metropolitan markets in 34 states, EVgo serves more than 180,000 customers.

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. 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.

LS Power has acquired EVgo from Vision Ridge Partners for an undisclosed amount.