EVgo Services LLC expands footprint with leading site hosts brands in Pennsylvania for convenient high power fast charging for long distance drivers
Source: Credit to the Department of Environmental Protection (DEP) and PennDOT.
| Project Name | EVgo Pennsylvania Charging Stations, Pennsylvania |
|---|---|
| Location | Philadelphia, Delaware County, and Allegheny County |
| Project Sponsor / Borrower | Pennsylvania |
| Program Areas |
|
| Value Capture Techniques | Joint Development & ROW Agreement |
| Mode | EV Charger Stations |
| Description | Pennsylvania signs EVgo Services LLC up for 14 new fast chargers at three locations with $750,000 awarded from the Pennsylvania Department of Environmental Protection (DEP). The funding is being provided through the DEP’s “Driving PA Forward” program, which derives its capital source from the national settlement with Volkswagen Group of America. The projects will serve local residents’ day-to-day charging needs, helping to make electric vehicle ownership an option for residents who live in apartments as well as homeowners. The projects will also be additional stops in a network of highway segments that DEP and PennDOT are helping to develop into electric vehicle corridors for longer distance drivers. These corridors will eventually have chargers located every 50 miles along the highway and no more than 5 miles from the road, with accompanying roadside signage. Interstates 76, 95, 376, and 476 are part of this growing network, which currently totals 731 miles. DEP awarded $750,000 to EVgo Services for three projects:
As part of this effort, the state has allocated approximately $10 million over a 5-year period to fund a competitive grant program for acquisition, installation, operation and maintenance of EV fast charging equipment and hydrogen fuel cell vehicle supply equipment. EVgo was chosen as a recipient for the first and second rounds of this state grant program, which is designed to assist with the installation or expansion of strategically significant zero emission vehicle fueling projects. |
| Cost | $ 0.75 million (install new high powered 350 kW DC fast charging stations.) |
| Funding Sources | The funding is being provided through the DEP’s “Driving PA Forward” program, which derives its capital source from the national settlement with Volkswagen Group of America |
| Project Delivery / Contract Method | Build-Own, Operate of DC fast charging (Acquisition, installation, operation and maintenance of EV fast charging equipment |
| Private Partner | LS Power Group, Equity Provider EVgo Services LLC |
| Project Advisors / Consultants | N/A |
| Lenders | N/A |
| Duration / Status | N/A |
| Financial Status / Financial Performance | Financial Closed on February 23, 2021 |
| Innovations |
|
| Related Links / Articles |
|
| Contacts | EVgo LS Power |
