EVgo and Delta’s shared commitment to onshoring
the supply chain for high-power DC fast charging resulted in
expedited delivery of National Electric Vehicle
Infrastructure-eligible equipment
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation’s largest public fast charging networks for electric
vehicles (EVs), today announced that it received the first-ever
shipment of 350kW fast chargers from Delta Electronics that are
manufactured according to Build America, Buy America Act (BABA)
standards. Delivered from Delta Electronics’ recently opened
factory in Plano, Texas, this first shipment marks a milestone in
developing the robust domestic supply chain needed to support the
rapid growth in EV adoption across the U.S. and unlock funding
through the National Electric Vehicle Infrastructure (NEVI) Formula
Program. Delta has delivered 10 chargers to date, and EVgo expects
to receive additional 350kW BABA-compliant chargers from Delta
Electronics later this year.
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EVgo Receives First Shipment of 350kW
Chargers from Delta Electronics Built to Build America, Buy America
Act Standards (Photo: Business Wire)
Through close collaboration, EVgo and Delta accelerated the
manufacturing timeline for the domestically produced 350kW fast
charger, resulting in the first delivery months ahead of the
originally scheduled date. The Bipartisan Infrastructure Law,
signed into law by President Biden in 2021, created $7.5 billion in
funding for EV charging stations. This 350kW equipment is
manufactured to meet BABA standards issued by the Federal Highway
Administration, which is required for any charging stations that
receive federal funding. To date, EVgo and its eXtend partners have
been selected for millions in preliminary awards from NEVI programs
in Ohio, Colorado, and
Pennsylvania.
“As states award their initial round of NEVI funding, the
arrival of EVgo’s first batch of BABA fast chargers—with incredible
speed for onshoring—signals both a tremendous moment for domestic
charger manufacturing and for additional public funding
opportunities as more states announce their awards,” said Dennis
Kish, COO of EVgo. “EVgo and Delta share a commitment to developing
a resilient supply chain here in America, and this collaboration
showcases the companies’ capability to deliver the high-quality,
high-power fast chargers we need to meet the growing demand for
fast charging across the country.”
“We are very pleased with our close cooperation with EVgo and
are proud that we have achieved our commitment faster than
expected,” said Kelvin Huang, President of Delta Electronics
Americas Region. “Our Plano facility’s successful deployment of the
BABA-compliant 350kW EV charger serves as a testament to our
proficiency in meeting customers’ requirements through local
assembly. Our collective efforts will not only accelerate the
expansion of fast charging across the nation but also contribute
significantly to the realization of a sustainable society, a core
objective Delta ardently strives for.”
In addition to its work to onshore its supply chain, EVgo is
also actively working with its suppliers to help ensure future
chargers will integrate the North American Charging Standard
(NACS), which is currently making its way through standards
bodies.
For more information about the EVgo charging network, visit
www.evgo.com. For more information about Delta Electronics, please
visit www.delta-americas.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building
and operating the infrastructure and tools needed to expedite the
mass adoption of electric vehicles for individual drivers,
rideshare and commercial fleets, and businesses. Since 2019, EVgo
has purchased renewable energy certificates to match the
electricity that powers its network. As one of the nation’s largest
public fast charging networks, EVgo’s owned and operated charging
network includes around 900 fast charging locations, 60
metropolitan areas and 30 states. EVgo continues to add more DC
fast charging locations across the U.S., including stations built
through EVgo eXtend™, its white label service offering. EVgo is
accelerating transportation electrification through partnerships
with automakers, fleet and rideshare operators, retail hosts such
as grocery stores, shopping centers, and gas stations, policy
leaders, and other organizations. With a rapidly growing network,
robust software products and unique service offerings for drivers
and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™,
and Autocharge+, EVgo enables a world-class charging experience
where drivers live, work, travel and play.
About Delta
Delta, founded in 1971, is a global leader in switching power
supplies and thermal management products with a thriving portfolio
of smart energy-saving systems and solutions in the fields of
industrial automation, building automation, telecom power, data
center infrastructure, EV charging, renewable energy, energy
storage and display, to nurture the development of smart
manufacturing and sustainable cities. As a world-class corporate
citizen guided by its mission statement, “To provide innovative,
clean and energy-efficient solutions for a better tomorrow,” Delta
leverages its core competence in high-efficiency power electronics
and its ESG-embedded business model to address key environmental
issues, such as climate change. Delta serves customers through its
sales offices, R&D centers and manufacturing facilities spread
over close to 200 locations across 5 continents.
Throughout its history, Delta has received various global awards
and recognition for its business achievements, innovative
technologies, and dedication to ESG. Since 2011, Delta has been
listed on the DJSI World Index of Dow Jones Sustainability™ Indices
for 12 consecutive years. In 2022, Delta was also recognized by CDP
with double A List for its substantial contribution to climate
change and water security issues and named Supplier Engagement
Leader for its continuous development of a sustainable value chain
for the 3rd consecutive year.
Cautionary Note on Forward-Looking Statements: This press
release contains “forward-looking statements” within the meaning of
the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“estimate,” “plan,” “project,” “proposed,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target” or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to, express
or implied statements regarding EVgo’s future financial
performance; the availability of chargers that are compliance with
Build America, Buy America Act standards; and the anticipated award
of funding in connection with the NEVI program and associated state
programs. These statements are subject to numerous assumptions,
risks and uncertainties and on the current expectations of EVgo’s
management, and are not predictions of actual performance. See
“Risk Factors” in EVgo’s Annual Report on Form 10-K filed with the
SEC on March 30, 2023, as well as its other filings with the SEC,
copies of which are available on EVgo’s website at
investors.evgo.com, and on the SEC’s website at
www.sec.gov. All forward-looking statements in this press
release are based on information available to EVgo as of the date
hereof, and EVgo does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
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EVgo For Investors: investors@evgo.com For Media:
press@evgo.com
Delta Electronics Americas Region Public Relations Cindy
Y. Lin +1 (510) 266-4111 cindy.y.lin@deltaww.com
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