EVgo’s Prefabricated Charging Infrastructure Deployment Model Expected to Cut Installation Timelines by 50% on Average
November 01 2023 - 7:00AM
Business Wire
Leveraging a leading-edge prefabrication model
to streamline fast charger deployment at eligible sites, EVgo
announces plan to reduce installation time and costs for new fast
charging stations while elevating the customer experience
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation’s largest public fast charging networks for electric
vehicles (EVs), today announced it is using an innovative
prefabrication approach to new station installation that is
anticipated to cut average station installation time in half and
save an average of 15% in station construction costs at eligible
sites. With a scalable design that starts at six fast charging
stalls—supporting EVgo’s focus on expanding stall counts to bolster
resiliency—the prefabrication model further standardizes EVgo’s
construction process and station layout by utilizing a modular
skid.
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EVgo prefabricated skid in the process of
assembly (Photo: Business Wire)
In addition to savings on installation timelines and costs, this
new approach being tested in key markets around the U.S. includes
many features to elevate the EV driver customer experience,
including Wi-Fi infrastructure that can be added seamlessly to
boost cellular connectivity as needed. Prefabricated skids are also
future proofed to accommodate lighting and security cameras and can
integrate with canopies to offer shade on sunny days and shield
drivers from inclement weather. The skid frame will also be covered
with synthetic turf once installed on site, providing a layer of
cushioning to help safeguard connectors that may be dropped,
another key feature to further enhance resiliency. Site hosts and
their customers will also benefit from a quicker construction
process with less disruption.
Through prefabrication, all charging equipment—including
dispensers, power cabinets and any additional necessary
equipment—is assembled in a single base frame before being shipped
to the fast charging site. By using this process wherever possible,
EVgo expects to accelerate timelines while ensuring consistent,
high-quality assembly in a controlled environment. This approach
also allows EVgo to perform pre-commissioning at the fabrication
facility, which is anticipated to further accelerate deployment
timelines.
“There are roughly 30,000 fast chargers in the U.S. today, and
by 2030, industry analysts estimate we’ll need more than 300,000.
Innovations like this prefabrication model are critical to scale
EVgo’s network and build the infrastructure needed to meet the
growing demand for public charging,” said Dennis Kish, EVgo COO.
“Prefabricated stations can not only help us save time and cut
costs, but also elevate the customer experience by providing
popular features drivers want.”
EVgo’s prefabrication projects are underway at multiple
locations in Florida, Nebraska, North Carolina, and Texas. The
first site to be deployed using this new method is located in Texas
and is anticipated to begin construction this November, with a goal
of opening to the public by February 2024. EVgo expects to expand
prefabrication to additional locations throughout 2024.
For more information about the EVgo fast charging network, visit
www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building
and operating the infrastructure and tools needed to expedite the
mass adoption of electric vehicles for individual drivers,
rideshare and commercial fleets, and businesses. Since 2019, EVgo
has purchased renewable energy certificates to match the
electricity that powers its network. As one of the nation’s largest
public fast charging networks, EVgo’s owned and operated charging
network includes more than 900 fast charging locations, 60
metropolitan areas and 30 states, including stations built through
EVgo eXtend™, its white label service offering. EVgo is
accelerating transportation electrification through partnerships
with automakers, fleet and rideshare operators, retail hosts such
as grocery stores, shopping centers, and gas stations, policy
leaders, and other organizations. With a rapidly growing network,
robust software products and unique service offerings for drivers
and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™,
and Autocharge+, EVgo enables a world-class charging experience
where drivers live, work, travel and play.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," “proposed,” "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target" or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to, express
or implied statements regarding the anticipated cost and time
savings and improvements in the customer experience resulting from
EVgo’s adoption of a prefabricated infrastructure deployment model
for construction and installation of charging sites; EVgo’s ability
to deploy a range of features on prefabricated charging
infrastructure; and anticipated timeframes for the opening of
prefabrication projects. These statements are subject to numerous
assumptions, risks and uncertainties and on the current
expectations of EVgo’s management, and are not predictions of
actual performance. See “Risk Factors” in EVgo’s Annual Report on
Form 10-K filed with the SEC on March 30, 2023, as well as its
other filings with the SEC, copies of which are available on EVgo’s
website at investors.evgo.com, and on the SEC’s website at
www.sec.gov. All forward-looking statements in this press
release are based on information available to EVgo as of the date
hereof, and EVgo does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
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