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EVgo and Delta Electronics Announce Strategic Collaboration to Advance Nationwide Access to EV Charging

August 11, 2022

EVgo and Delta Electronics Announce Strategic Collaboration to Advance Nationwide Access to EV Charging

 

New supply agreement will mitigate supply chain risk and support fast charging deployment targets

 

 

LOS ANGELES—-EVgo Inc. (NASDAQ: EVGO) (EVgo), the nation’s largest public fast charging network for electric vehicles (EVs), today announced that it has entered into a new supply agreement with Delta Electronics, a global provider of power and energy management solutions and leader in EV charging solutions. Under the agreement, Delta will supply EVgo with 1,000 fast chargers with up to 350kW power output, which supports EVgo’s recently announced project with General Motors (GM) and Pilot Company, as well as other EVgo eXtend and fleet projects and expansions to EVgo’s owned and operated charging network.

“EVgo is dedicated to making EV charging convenient and reliable for all, which makes it critical that our network is comprised of high-quality chargers backed by a track record of innovation, reliability and technology leadership”

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“EVgo is dedicated to making EV charging convenient and reliable for all, which makes it critical that our network is comprised of high-quality chargers backed by a track record of innovation, reliability and technology leadership,” said Cathy Zoi, CEO of EVgo. “EVgo and Delta share a reputation as industry first-movers and this collaboration will showcase our complementary strengths and expertise, while supporting EVgo’s momentum and deployment targets to expand access to world-class EV charging experiences across the U.S.”

“For over 50 years, Delta has been leveraging its core competence in high-efficiency power electronics to provide energy-saving solutions capable of nurturing megatrends that support sustainability. Our e-mobility track record includes not only having shipped over one million EV chargers to our worldwide customers but also long-term cooperation with world-class EV manufacturers in North America, Europe and Asia. We are excited to partner with a leader like EVgo, especially as the United States aims for rapid growth in e-mobility,” said Kelvin Huang, President of Delta Electronics Americas Region.

Founded in 1971, Delta Electronics brings decades of experience in power and energy management solutions, guided under its corporate mission “to provide innovative, clean and energy-efficient solutions for a better tomorrow.” Delta operates approximately 200 facilities worldwide, including manufacturing, sales, and R&D centers. With strong system integration capabilities, the company offers a broad spectrum of smart green solutions across EV charging, industrial automation and smart manufacturing, building automation, telecom power, data center infrastructure, renewable energy, energy storage and display, to nurture the development of smart factories and sustainable cities. The Delta units for EVgo will primarily consist of 350 kW EV chargers with a power-sharing functionality.

For more information on the locations of fast chargers within EVgo’s charging network, visit www.evgo.com. For more information about Delta Electronics, please visit www.delta-americas.com.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles. As of the end of the second quarter 2022, with more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 444,000 customer accounts. 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 drivers across the U.S. to enjoy 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.

About Delta Electronics

Delta Electronics, founded in 1971, is a global leader in switching power supplies and energy 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 CSR-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 five continents.

Throughout its history, Delta Electronics received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of the Dow Jones Sustainability™ Indices (DJSI) for 11 consecutive years. In 2021, Delta was also recognized by CDP with leadership level ratings 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.

Contacts

EVgo
For Investors:
Ted Brooks, VP of Investor Relations
investors@evgo.com
310-954-2943

For Media:
press@evgo.com

Delta Electronics Americas Region
Adrian Sferle
Marketing & Communications Manager
adrian.sferle@deltaww.com
+1-510-945-7285

Chase to Pilot Fast Electric Vehicle Charging Stations at Select U.S. Branches

April 08, 2022

Chase to Pilot Fast Electric Vehicle Charging Stations at Select U.S. Branches

 

 

  • Bank works with EVgo to install charging stations at 50 branch locations
  • Targeting expansion of on-site solar power to an additional 400 branches by the end of 2022 to help minimize operational environmental impact

 

 

NEW YORK –Chase today announced that it will pilot public fast electric vehicle charging stations across 50 of its U.S. branches beginning this summer. This adds to the firm’s efforts to promote environmental sustainability in its retail locations as it also aims to expand on-site solar power to approximately 400 additional branches by the end of 2022.

To bring the charging stations to branches, the bank partnered with EVgo, a pioneer and innovator in transportation electrification. The company builds, owns and operates the nation’s largest network of public DC fast chargers, powered by 100% renewable energy.

Charging stations at branches bring added convenience to customers, allowing them to set up a meeting with a banker and conduct their banking needs while charging their cars.

“We’re always listening and taking feedback from customers when it comes to the branch experience, and we know environmental sustainability is important to them,” said Jennifer Roberts, CEO of Chase Consumer Banking. “We’re excited to work together with EVgo to bring electric vehicle charging to our branches and offer this important service to thousands of customers and their communities.”

Fast chargers will be installed at select Chase branch locations in states like California, Indiana, Illinois, New York, Oregon, and Pennsylvania, offering thousands of drivers access to 100kW and 350kW chargers that can charge vehicles as much as 80% in 15-45 minutes.* The bank expects to have all stations available for use by the summer of 2023.

Once installed and operational at the 50 branch locations, EVgo estimates chargers will deliver up to 9.4million kWh annually to provide nearly 30 million EV miles charged, equivalent to avoiding 12,000 mt of CO2 and planting approximately 196,000 trees each year.

“Reducing the amount of pollution from tailpipes will have real benefits for consumers and communities, and increasing the availability of convenient public fast charging gives more drivers peace of mind to switch to electric,” said Cathy Zoi, CEO of EVgo. “Having access to fast charging in everyday settings of life – the local bank being a great example as well as an important community staple – is truly key. We’re excited to partner with Chase, and together with our shared values, we look forward to working together on decarbonizing transportation and improving our communities.”

Transportation is the largest source of greenhouse gas emissions in the United States. While electric vehicles promise to be the future of transportation – projected to reach 145 million on the road by 2030 – the lack of charging infrastructure is one of the biggest hurdles to EV adoption. This collaboration will help scale the EV industry in communities across the U.S.

The installation of EVgo charging stations, powered by 100% renewable energy, builds on JPMorgan Chase’s efforts to promote environmental sustainability and the adoption of renewables, including in its thousands of retail branches across the U.S.

In the coming months, Chase will also continue to expand on-site solar power at its branches across the U.S. To date, Chase has added solar installations at over 350 branches in Michigan, Arizona Nevada, and California, with additional projects underway in Florida, Ohio, Colorado, Illinois, Louisiana, Indiana and New York. Chase’s goal is to complete solar installations at approximately 400 additional branches plus 125 carports – solar panels installed above parking lots – by the end of 2022. When the project is complete, it will provide over 25 megawatts of solar capacity, or enough to power approximately 3,200 homes. This effort is part of the firm’s strategy to minimize the environmental impact of its operations, and will contribute toward the goal of reducing greenhouse gas emissions from its buildings, branches and data centers by 40% by 2030.

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* Actual charging speed depends on vehicle’s charging capability

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $3.7 trillion and operations worldwide. Chase serves more than 60 million American households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: Nearly 4,800 branches in 48 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

About EVgo

EVgo (Nasdaq: 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 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 340,000 customer accounts. 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 drivers across the U.S. to enjoy 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.

 

Chase media contact:
Iba Reller
iba.reller@jpmorgan.com

EVgo media contact:
press@evgo.com