EVgo Receives $1.05B Conditional Commitment For DOE Loan Guarantee To Accelerate Buildout Of Public Fast Charging Across U.S.
Portfolio Pulse from Benzinga Newsdesk
EVgo has received a $1.05 billion conditional commitment for a DOE loan guarantee to expand its public fast charging network across the U.S. This financing will aid in constructing around 7,500 new DC fast charging stalls in community locations.
October 03, 2024 | 12:40 pm
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EVgo has secured a $1.05 billion conditional commitment for a DOE loan guarantee, which will support the construction of 7,500 new DC fast charging stalls across the U.S.
The $1.05 billion DOE loan guarantee is a significant financial boost for EVgo, enabling the expansion of its fast charging network. This development is likely to enhance EVgo's market position and growth prospects, positively impacting its stock price in the short term.
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