Founded by NRG Energy as part of California's $100M post-Enron settlement with the CPUC; mandate was to build the first nationwide US DC fast-charging network on NRG's wholesale-power balance sheet

Acquired by Vision Ridge Partners and LS Power from NRG Energy for ~$300M; spin-out lets EVgo focus on charging-network economics rather than serving as a regulated utility's PR arm

Announces partnership with GM to triple US DCFC network with 2,750 fast chargers across 40 metro areas by 2025; first major OEM-network deal with co-branded sites and exclusive Ultium charge curve testing

Public listing on Nasdaq via SPAC merger with Climate Change Crisis Real Impact I Acquisition (CRIS) at $2.6B enterprise value; one of three back-to-back charging-network SPAC listings (CHPT, EVGO, BLNK already public)

First 350 kW high-power station opens in California in partnership with GM; first co-branded EVgo + GM Energy site purpose-built for 800V Hummer EV/Cadillac Lyriq architectures

Opens 1,000th DC fast-charging station; pioneers 'autocharge' billing in 2018 to remove RFID cards - now operates DCFC at 100-350 kW dispensers across retail/grocery sites in 35 states

Wins early NEVI awards in Pennsylvania, Ohio, Hawaii, Colorado to deploy DCFC along Interstate corridors at 'every 50 mi' AFIR-equivalent standard - largest single-operator NEVI portfolio at announcement

First operational NEVI-funded EVgo stations open in Ohio and Pennsylvania; goes live just 9 months after award - EVgo proves NEVI can deploy under federal Buy-America requirements

DOE Loan Programs Office closes $1.25B loan guarantee Dec 12; conditional commitment finalized to add 7,500 fast chargers across 1,100 sites - largest single DOE charging financing

Fast-tracks NACS rollout with 500+ NACS connectors planned by year-end 2026 (~15% of site footprint); ~100 stalls already live across major US cities

PlugShare integration and ReNew architecture stations push throughput to 350 kW peak with NACS native; Q1 2026 share of 350 kW stalls now 62% (up from 50% in Q3 2024)

Q1 2026 results: revenue +45% YoY, $750M restructured DOE loan now on balance sheet; eXtend franchise revenue up 41% as turnkey-charging-for-CPOs becomes EVgo's high-margin subsegment