Co-development will improve customer
experience, enhance charger reliability, and drive cost
efficiencies with advanced firmware and hardware design
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation's largest public fast charging networks for electric
vehicles (EVs), announced today that it has entered into a new
memorandum of understanding (MOU) with longtime technology partner,
Delta Electronics, Inc. (“Delta”), a global leader in power
management and a provider of IoT-based smart green solutions, to
jointly develop next-generation EV charging architecture. This new
charging architecture is designed to provide EVgo with more control
over the full customer experience while bolstering reliability and
delivering increased cost savings and enhanced energy
efficiency.
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EVgo and Delta Electronics sign MOU to
co-develop next-generation charging architecture. (Graphic:
Business Wire)
Under the agreement, EVgo and Delta will expand their years-long
collaboration to develop state-of-the-art fast chargers that will
center on the customer experience. This will include several design
features ranging from advanced software, all-in-one power
electronics, contactless payment interface, ultra high-power 400kW
dispensers, and extended cable length that allows for more
maneuverability to easily reach any charge port location on all EV
models, supporting EVgo’s commitment to serve all EV drivers,
regardless of the make or model of their vehicle.
“EVgo is committed to delivering a superior experience for our
customers and we continue to advance long-term solutions to
maximize convenience and improve reliability,” said Dennis Kish,
President of EVgo. “As the next step in our evolution, EVgo will
leverage our learnings and experience from working with over one
million customers across the U.S. to develop this next-generation
charging architecture in collaboration with Delta Electronics with
the goal of increasing consumer confidence in public EV
infrastructure and supporting broader adoption of electric vehicles
nationwide."
Austin Tseng, President of Delta Electronics (Americas), said,
“Delta looks forward to collaborating further with EVgo as we
pioneer the future of EV charging infrastructure by redefining the
customer experience, enhancing charger reliability, and advancing
energy conservation. Delta’s core competencies in high-efficiency
power electronics and system integration will be key to this
endeavor.”
The new charging architecture will also include key features to
enhance energy efficiency and power distribution across sites by
taking EVgo’s dynamic power sharing to the next level. Designed to
align with battery advancements in coming years, EVgo’s
next-generation charging technology will allow dynamic power
sharing across as many as six charging stalls at a time. This
extended power sharing ability enables EVgo to implement a variety
of station configurations to suit a specific site’s needs, which
will be critical as the Company continues to focus on building
larger stall footprints to maximize customer experience and serve
the growing number of EV drivers on the road.
EVgo expects to complete final design and rigorous
interoperability testing in its Innovation Lab and deploy these new
chargers by the second half of 2026. As part of this next evolution
of EVgo’s charging architecture, the Company will also enhance its
charger firmware and software capabilities to enable more detailed
error codes and a more flexible interface to improve maintenance,
reset times, and the overall customer experience.
These innovations will deliver faster, more efficient charging
sessions by taking advantage of each vehicle’s unique charging
curves, reducing energy consumption and costs while meeting the
evolving needs of drivers. EVgo aims to lower its gross capital
expense per stall by 30% while increasing peak power delivery by
nearly 20 percentage points.
This co-development effort is happening in tandem with ReNew™
program, focused on creating a holistically better customer
experience for EV drivers. Through ReNew, EVgo recently launched
new diagnostic tools and capabilities to bolster reliability,
continues to streamline the payment process with enhancements to
Autocharge+, and is proactively addressing legacy equipment on its
network while it invests in developing the charging infrastructure
to come.
With these expansive investments in customer-centric hardware,
firmware and software solutions, EVgo is continuing to build out a
nationwide fast charging network to power an all-electric
transportation future.
For more information about the EVgo network, visit
www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in electric vehicle 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. EVgo is one of the nation’s largest public fast
charging networks, featuring over 1,000 fast charging locations
across more than 35 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 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.
About Delta Electronics
Delta, founded in 1971, is a global leader in switching power
supplies and thermal management products with a thriving portfolio
of smart energy-saving systems and solutions in the fields of
industrial automation, building automation, telecom power, data
center infrastructure, EV charging, renewable energy, energy
storage and display, to nurture the development of smart
manufacturing and sustainable cities. As a world-class corporate
citizen guided by its mission statement, "To provide innovative,
clean and energy-efficient solutions for a better tomorrow," Delta
leverages its core competence in high-efficiency power electronics
and its ESG-embedded business model to address key environmental
issues, such as climate change. Delta serves customers through its
sales offices, R&D centers and manufacturing facilities spread
over close to 200 locations across 5 continents.
Throughout its history, Delta has received various global awards
and recognition for its business achievements, innovative
technologies and dedication to ESG. Since 2011, Delta has been
listed on the DJSI World Index of Dow Jones Sustainability™ Indices
for 13 consecutive years. Delta has also won CDP with double A List
for three times for its substantial contribution to climate change
and water security issues and has been named Supplier Engagement
Leader for its continuous development of a sustainable value chain
for seven consecutive years.
Cautionary Note Regarding Forward Looking Statements
This Press Release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements contained in this Press Release other than
statements of historical fact are forward-looking statements. Such
forward-looking statements include, among other things, statements
regarding the Company’s current and future plans. Such statements
can be identified by the fact that they do not relate strictly to
historical or current facts. Words such as “anticipates,” “could,”
“expects,” “intends,” “plans,” “potential,” “will,” “would,” and
the negative of such terms or other similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. Such
forward-looking statements are based on EVgo’s current
expectations, estimates, projections and beliefs and may involve
assumptions that may never materialize or may prove to be
incorrect. Actual results could differ materially from those
projected in any forward-looking statements due to numerous risks
and uncertainties. Information regarding the foregoing and
additional risks may be found in the section entitled “Risk
Factors” in documents that EVgo files from time to time with the
Securities and Exchange Commission. These forward- looking
statements are made as of the date of this Press Release and EVgo
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20241010971416/en/
EVgo Contacts For Investors: investors@evgo.com For
Media: press@evgo.com Delta Electronics Americas Region
Contacts Public Relations Cindy Y. Lin +1 (510) 266-4111
cindy.y.lin@deltaww.com
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