EVgo, the largest public fast-charging network in the United States, has been acquired by LS Power, marking a significant development in the electric vehicle charging infrastructure sector. The acquisition, completed for an undisclosed amount, positions EVgo for accelerated growth with access to substantial capital resources.

LS Power, known for its strategic investments in energy infrastructure and power generation facilities, adds EVgo to its diverse portfolio as part of its commitment to advancing grid flexibility and sustainable energy solutions.

This strategic move is expected to strengthen EVgo's position in the rapidly growing EV charging market, enabling faster network expansion and technological improvements to meet increasing demand for public fast-charging stations across the country.

EVgo's existing network infrastructure and operational expertise, combined with LS Power's financial resources and energy sector experience, creates a powerful partnership poised to address the growing needs of electric vehicle adoption in the United States.

The acquisition represents a significant milestone in the evolution of EV charging infrastructure, as traditional energy infrastructure investors increasingly recognize the strategic importance of electric vehicle charging networks in the future of transportation and energy systems.

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