EVgo Secures $1.25B Loan to Build Fast-Charging Stalls Across US
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EVgo has secured a $1.25 billion loan from the U.S. Department of Energy to build 7,500 fast-charging stalls across the United States.
December 13, 2024 | 3:00 pm
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EVgo has secured a significant $1.25 billion loan from the U.S. Department of Energy to expand its fast-charging network by 7,500 stalls across the U.S.
The $1.25 billion loan from the U.S. Department of Energy is a substantial financial boost for EVgo, enabling it to significantly expand its fast-charging infrastructure. This expansion is likely to enhance EVgo's market position and revenue potential, positively impacting its stock price in the short term.
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