USA: LS Power completes acquisition of EVgo

Transaction positions EVgo to expand its leadership position in the U.S.

LS Power, a U.S. power and energy infrastructure owner, announced that it has completed the acquisition of EVgo, the nation’s largest public fast charging network for electric vehicles. The financial terms of the transaction were not disclosed.

Founded in 2010, EVgo operates the largest electric vehicle fast charging network in the United States. Its footprint of more than 750 sites includes over 1,250 fast chargers and extends across 34 states. In 2019, EVgo became the first EV charging network in the U.S. to be powered by 100% renewable energy.

With this transaction, LSPower expects EVgo to increase its growth while maintaining its industry leadership position.