A transition to renewable energy, long seen as a megatrend, is kicking into high gear as technology innovators seek ways to make significant cost-reducing improvements in energy storage, EV batteries, and charging infrastructure. It’s happening in nations across the globe, with the support of private investors eyeing major market opportunities. Following are snapshots of various companies that are navigating the challenges of the transition.
Group14 Technologies Launches Commercial Manufacturing Factory to Onshore Domestic Battery Supply Chain
New commercial production factory in Woodinville, Washington to provide lithium-silicon battery materials at scale for global consumer electronics, EV markets
WOODINVILLE, Wash.—Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, reported that it launched its first commercial-scale 27,000-square foot U.S. manufacturing factory to meet demand for higher-performing lithium-silicon anode materials.
The new factory, located at Group14 headquarters in Woodinville, will also house a new R&D center and corporate offices. It is the first of several planned commercial manufacturing sites for advanced energy storage technologies, the company said in a release.
The commercial manufacturing factory is reported to be capable of producing 120 tons per year of Group14’s lithium-silicon technology, SCC55™ , which is said to deliver up to 50 percent more energy density per volume than lithium-ion batteries available on the market for automotive and consumer electronics applications. As growing appetite for EVs punctuates the need for higher quantity and higher quality battery production, the commercial-scale factory signals Group14’s biggest step to date in establishing a domestic battery ecosystem to address lithium-ion supply-demand imbalances.
“We leveraged our team’s deep commercial manufacturing experience to prioritize process development and designing for cost from the beginning, which is key to scaling as rapidly as possible without sacrificing quality, performance, and safety,” said Rick Costantino, chief technical officer of Group14 Technologies, in the release. “The process to manufacture SCC55™ was designed from the start to be scaled quickly and efficiently, an approach that has kept us on track to bring our technology online to help power consumer electronics, electric vehicles, and more — immediately.”
The commercial factory is already delivering SCC55 to top consumer electronics and automotive manufacturers globally, leveraging the company’s recent international footprint in Asia to further its customer pipeline. Globally, battery suppliers are in the midst of the validation process of 82 Ah automotive batteries using SCC55 as a blend or full displacement of traditional battery anodes for EV applications, the latter of which would give current EVs a massive range boost of 50 percent between charges at the pack level, the company said.
With its commercial production fully underway, Group14 is expanding rapidly and is expected to double in size by the end of this year, kickstarting a clean economic recovery in Washington state. Later this year, Group14 plans to break ground on its second large-scale commercial factory co-located at REC Silicon’s Moses Lake plant, enabling Group14 to reach capacity to meet global demand from the EV market, according to the release.
“We built our technology for real-world impact that enables cost parity with gas-powered vehicles while reducing global reliance on fossil fuels,” said Rick Luebbe, CEO of Group14 Technologies, in the release. “This commercial factory is the first big step forward towards fulfilling our mission, and we’re excited to play our part to ensure more equitable access to cleaner electric vehicles of all forms.”
Protect Our Power Sponsors Supply Chain Collaborative to Support Critical DOE Policy Development
WASHINGTON—An effective program to secure the integrity of the U.S. power industry supply chain is a complex but urgent matter requiring extensive collaboration and sustained industry input among government agencies, electric power companies, and vendors, according to comments filed with the Department of Energy by Protect Our Power, an electric grid advocacy group.
The comments were developed during two Supply Chain Collaborative meetings hosted by Protect Our Power, the organization said in a release. The meetings included representatives from more than a dozen investor-owned, municipal, and public power companies from across the U.S., as well as other experts from the private sector. They were a joint effort between Protect Our Power and Ridge Global, an international security and risk management firm chaired by Gov. Tom Ridge, the first Secretary of the U.S. Department of Homeland Security, in response to a May 2020 Executive Order and anticipated DOE rulemaking.
“Ensuring supply chain security for the bulk power system is a massive and complex undertaking,” said Jim Cunningham, executive director of Protect Our Power, in the release. “And critical to success is ensuring comprehensive, meaningful industry input — no one but the system operators actually understand the practical and operational implications of buying one component over another and being able to do so in a cost-efficient manner, while maintaining confidence in the integrity of the components or service. This process simply cannot be completed without sustained power industry input.”
To facilitate an open exchange of ideas, the Supply Chain Collaborative meetings sought comments from participants on an anonymous basis through a survey and in two live meetings, resulting in a unique and broad range of perspectives which were then aggregated and provided to DOE.
- Collaboratively developing a comprehensive cybersecurity supply chain framework that recognizes the significant differences in utility companies and is designed to operate effectively across these varied systems.
- Creating a list of permitted components and vendors, preferably, or in the alternative, a prohibited component list based on the country of origin or product manufacturer.
- The creation and maintenance of such lists should be grounded in information sharing — federal intelligence organizations sharing information with DOE, and DOE and other agencies actively receiving information from the industry so that practical effects and impacts are considered.
- Establishing a system for testing and evaluating the integrity of components using existing National Labs and non-governmental organizations to oversee reviews and/or a certification process. Due to the volume of components in need of evaluation, and the complexity of some equipment, multiple organizations will be needed to meet demand and match the capabilities of the testing organizations with the criticality of the equipment.
- Developing a tiered testing process to encourage the evaluation of the most critical components first, focus industry and vendors on the most critical risks, and facilitate prioritization on the most critical components if testing capabilities are limited.
- Considering the practical implications of components that are designated as “restricted,” including whether, and to what date, these designations are retroactive, and what actions entities that have already contracted for, purchased, or installed these components installed on their systems must take. * DOE should also consider tiers of priority equipment that would dictate the timing and thoroughness of the testing regime.
- DOE should also develop appropriate guidelines, with industry input, if a restricted component is already installed on a system and recognize that FERC and state energy regulators will need to actively collaborate on policies for cost recovery.
“The Supply Chain Collaborative will continue to develop and refine recommendations to assist DOE in creating a workable framework for supply chain equipment designation and enforcement,” Ridge said. “We believe that addressing issues of implementation and workability at this stage of the process, and from the utility perspective, reduces the risk that the framework DOE sets forth will have implementation problems. The collaborative process serves the DOE’s interest and also benefits all stakeholders and the overall security of the grid.”
Protect Our Power (POP) is a not-for-profit organization designed to build a consensus among key stakeholders, decision-makers, and public policy influencers to launch a coordinated and adequately funded effort to make the nation’s electric grid more resilient and more resistant to all external threats. The national program must also ensure establishment of an enhanced power restoration and recovery component for all grid operations that would include communications protocols to protect the American public, POP said in the release.
More information about Protect Our Power is available at www.protectourpower.org.
Coatue, T. Rowe Price Funds Anchor $590 Million Investment in Sila Nanotechnologies
Next-generation battery pioneer will begin development of a new 100 GWh plant to serve automotive customers
ALAMEDA, Calif.—Sila Nanotechnologies, a next-generation battery materials company, recently reported that it raised $590 million Series F funding at a $3.3 billion post-money valuation. The new funding comes as the first Sila Nano-powered batteries prepare to ship in consumer devices and the company scales up its production to serve growing demand from smartphone and automotive customers, the company said in a release.
Coatue led the round with significant participation by funds and accounts advised by T. Rowe Price Associates, Inc. In addition, existing investors 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, and Sutter Hill Ventures also participated in the round.
Sila Nano will use the funds to begin development of a new North American 100 GWh plant to produce its silicon-based anode material and serve smartphone and automotive customers. The company, which currently has partnerships with BMW, Daimler, and ATL, aims to start production at the new plant in 2024 and powering electric vehicles by 2025. To help achieve its next phase of growth, Sila Nano plans to hire another 100 employees in 2021.
“It took eight years and 35,000 iterations to create a new battery chemistry, but that was just step one,” said Gene Berdichevsky, co-founder and CEO, Sila Nano, in the release. “For any new technology to make an impact in the real world, it has to scale, which will cost billions of dollars. We know from our experience building our production lines in Alameda that investing in our next plant today will keep us on track to be powering cars and hundreds of millions of consumer devices by 2025.”
As the world shifts to electric vehicles and a renewables-based energy system, global battery production has been scaling up from 20 GWh per year in 2010 to 2,000 GWh per year by 2030, and 30,000 GWh per year by 2050. Sila Nano’s material was designed as a drop-in replacement for graphite in existing lithium-ion factories, enabling battery makers to dramatically improve the energy density of their products without needing to change the battery manufacturing process or equipment, the company said in the release.
“We believe Sila Nano has created a battery technology that is new, groundbreaking, and has a clear path to scale and broad adoption,” said Jaimin Rangwalla, Coatue Management, in the release. “We are excited about the Sila Nano team’s opportunity to take advantage of the existing global lithium-ion manufacturing infrastructure and help transform the future of energy storage. We look forward to our future partnership with Gene and his incredible team as they work to deliver on the potential to set a new standard for batteries.”
Sila Nano develops materials that are said to set a new standard for batteries. Through new battery materials chemistry, Sila Nano enables lighter, safer, higher energy density batteries for mass adoption of electric vehicles, smarter, longer-lasting portable electronics, and broader use of renewable power sources. Its first product is a silicon-based anode that is reported to demonstrate 20 percent improvement over state-of-the-art traditional lithium-ion today, with the potential to reach 50 percent improvement over time.
Sila Nano (www.silanano.com), founded in 2011 by Silicon Valley battery engineers and a Georgia Tech Professor of Materials Science, is headquartered in Alameda, California.
The company’s investors include 8VC, Amperex Technology Limited, Bessemer Venture Partners, Canada Pension Plan Investment Board, Chengwei Capital, Coatue, Daimler, In-Q-Tel, Matrix Partners, Next47, Samsung, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc.
Expansion of Renewables, Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans, Report Says
Global grid battery storage capacity is likely to grow from 8GW in 2020 to 135GW by 2030, Frost & Sullivan predicts
SANTA CLARA, Calif.—Frost & Sullivan’s recent analysis of the global grid battery energy storage market found that the continual expansion of intermittent renewables and declining technology costs are key factors fueling the market, the firm said in a release.
As more nations across regions commit to generate more than 50 percent of power from renewable energy by 2030 and modernize their regulations to accommodate flexible assets, the global grid battery storage capacity will likely reach 134.6GW by 2030, from 8.5GW annual capacity additions in 2020, according to Frost & Sullivan. As a result, the market is estimated to grown from $2 billion in 2020 to $15.94 billion by the end of the decade, an uptick at a compound annual growth rate of 23 percent.
“With climate change and environmental sustainability at the center of national agendas, battery storage systems deployment is crucial to support the transition to higher levels of clean electrification relying primarily on variable renewable energy sources,” said Maria Benintende, energy and environment research analyst at Frost & Sullivan, in the release. “Additionally, the increasing power demand and generation assets distant from consumption centers necessitate transmission grid reinforcement and optimization. Batteries offer an attractive option in handling the evolving electrification issues, sparing massive investments in new transmission grids.”
Benintende added, “Asia—led by China—and North America—led by the U.S.—are anticipated to be the leading regions, accounting for 46.2 percent and 32.4 percent, respectively, of the total grid battery storage power capacity by 2030. Opportunities in Latin America, Africa, and the Middle East will remain limited, pending further cost reductions and modernization of market designs. Europe’s participation is likely to fall from 25.6 percent in 2020 to 13.3 percent by 2030 because of the saturation of frequency regulation markets and the lack of a business case for other applications.”
Within the global grid battery energy storage market, Frost & Sullivan highlighted a series of growth opportunities for market participants:
- Solar photovoltaic (PV)-plus-storage: Already a reality in the U.S., with further price declines for PV and batteries and upcoming regulations permitting hybrids in wholesale electricity markets, solar-plus-storage plants will be a major business opportunity for battery storage across the globe.
- Co-located storage for conventional generation optimization: Hybridization of thermal power plants, and even hydropower plants, with storage is an emerging and attractive niche. System integrators and OEMs should assess this business opportunity to expand their project scopes and diversify businesses in line with energy transition trends, the firm said.
- Adjustable storage to leverage evolving regulation and market conditions: Product and systems design should be focused on scalable configurations that can be easily augmented in size- and energy-to-power ratio, and combined and aggregated behind a single power control system (PCS) to serve future potential applications with minimum disruption.
- Optimization services for merchant battery storage: Powerful software combined with artificial intelligence, machine learning, and advanced price forecasting is vital for storage owners’ and operators’ merchant strategy success, according to Frost & Sullivan.
Further information on Frost & Sullivan’s analysis, “Electricity Market Modernization and Cost Reductions Powering the Global Grid Battery Energy Storage Market,” is available at http://frost.ly/5kt.
Cheaper Batteries, More Efficient Powertrains Are Seen As Crucial for Making Profitable Electric Vehicles
Falling prices, improving performance, and government regulations are pushing the automotive industry toward electrification, according to Lux Research
BOSTON—Battery electric vehicles (BEVs) are the most promising zero-emission vehicle technology, as they continue to show strong growth within the automotive sector. However, BEVs remain more expensive to build compared to incumbent internal combustion engine vehicles, according to Lux Research, a provider of tech-enabled research and advisory services for technology innovation.
Falling prices, improving performance, and government regulations are pushing the automotive industry toward electrification. In Lux’s new report, “Future Energy for Mobility: The True Costs of Electric Vehicles,” leading industry experts analyze the total cost of electric powertrains, including scenarios for advanced powertrain technologies.
“Electrification of the automotive industry is no longer a question of ‘if’ but rather ‘how fast’,” said Chris Robinson, research director at Lux and lead author of the report, in a release from Lux Research. “The push for electrification is due primarily to two factors—technology improvements and regulations. Because of this, automakers have cumulatively committed to investing hundreds of billions of dollars to design, build, and sell BEVs.”
The new report proposes three ways companies can reduce costs. Batteries remain the most expensive component of an electric vehicle, but this analysis argues they aren’t the only tech that can make BEVs more profitable. Cell-to-pack construction reduces costs the most today, enabling the use of lower-cost cells and simplified pack constructions. Furthermore, a combination of improved motor and inverter efficiencies, cheaper solid-state batteries, and cell-to-pack construction is said to result in the most significant cost reduction—bringing the price of a 75 kWh electric vehicle from $12,700 today to below $7,000 by 2040, according to Lux.
“Powertrain components aren’t the only source of cost reduction, as new vehicle assembly techniques and financing models can further reduce costs,” Robinson noted. “Structural batteries are currently the most promising next-generation vehicle design, but it is worth noting increasing momentum behind battery swapping, which may reduce costs through smaller battery packs.”
As automakers push to make profitable electric vehicles built on dedicated platforms and also face plateauing battery prices, Lux said it expects a greater emphasis on battery pack and vehicle designs that extract the maximum range from the battery.
GM, LG Energy Solution Investing $2.3 Billion in Second Ultium Cells Manufacturing Plant in U.S.
NASHVILLE, Tenn.—Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, recently announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. The facility will be located in Spring Hill, Tennessee, according to a release issued by GM on April 16, 2021.
Ultium Cells will build the new battery cell plant, expected to create 1,300 jobs, on land leased from GM. Construction on the approximately 2.8 million-square-foot facility is scheduled to begin immediately, and the plant is scheduled to open in late 2023. Once operational, the facility will supply battery cells to GM’s Spring Hill assembly plant.
“The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner, LG Energy Solution, is another major step in our transition to an all-electric future,” said GM Chairman and CEO Mary Barra, in the release. “The support of the state of Tennessee was an important factor in making this investment in Spring Hill possible, and this type of support will be critical moving forward as we continue to take steps to transition our manufacturing footprint to support EV production.”
“This partnership with General Motors will transform Tennessee into another key location for electric vehicle and battery production. It will allow us to build solid and stable U.S-based supply chains that enable everything from research, product development, and production to the procurement of raw components,” said LG Energy Solution President and CEO Jonghyun Kim, in the release. “Importantly, I truly believe this coming together transcends a partnership as it marks a defining moment that will reduce emissions and help to accelerate the adoption of EVs.”
GM said the state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes. The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials.
Ultium batteries are said to be unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design. Energy options range from 50 to 200 kilowatt hours, which reportedly could enable a GM-estimated range up to 450 miles or more on a full charge with 0-60 mph acceleration in 3 seconds.
GM’s future Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast charging capability, while GM’s truck platform will have 800-volt battery packs and 350 kW fast charging capability, the company said.
During its 30-year history in the battery business, LG Energy Solution has made consistent, large-scale investments that have enabled it to invent its own cutting-edge technologies. The company established its first research facility in the U.S. in the early 2000s. In 2010, the company built its first U.S battery plant in Holland, Michigan.
Solar Industry Sets Records in 2020, On Track to Quadruple by 2030
WASHINGTON, D.C. and HOUSTON—The U.S. solar industry grew 43 percent and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the U.S. Solar Market Insight 2020 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
For the second year in a row, solar led all technologies in new electric-generating capacity added, accounting for 43 percent. According to Wood Mackenzie’s 10-year forecast, the U.S. solar industry will install a cumulative 324 GWdc of new capacity to reach a total of 419 GWdc over the next decade.
“After a slowdown in Q2 due to the pandemic, the solar industry innovated and came roaring back to continue our trajectory as America’s leading source of new energy,” said SEIA President and CEO Abigail Ross Hopper, in the release. “The forecast shows that by 2030, the equivalent of one in eight American homes will have solar, but we still have a long way to go if we want to reach our goals in the Solar+ Decade. This report makes it clear that smart policies work. The action we take now will determine the pace of our growth and whether we use solar to fuel our economy and meet this climate moment.”
The 8 GWdc of new installations in Q4 2020 marks the largest quarter in U.S. solar history. For perspective, the U.S. solar market added 7.5 GWdc of new capacity in all of 2015. New capacity additions in 2020 represent a 43 percent increase from 2019 and breaks the U.S. solar market’s previous record of 15.1 GWdc set in 2016, according to the release.
This is the first time Wood Mackenzie has released a long-term forecast as part of the U.S. Solar Market Insight report series. By 2030, Wood Mackenzie is forecasting that the total operating solar fleet will more than quadruple.
“The recent two-year extension of the investment tax credit (ITC) will drive greater solar adoption through 2025,” said Michelle Davis, senior analyst at Wood Mackenzie, in the release. “Compelling economics for distributed and utility-scale solar, along with decarbonization commitments from numerous stakeholders, will result in a landmark installation rate of over 50 GWdc by the end of the decade.”
California, Texas, and Florida are the top three states for annual solar capacity additions for the second straight year. Virginia joins them as a fourth state installing over 1 GWdc of solar PV. In 2020, 27 states installed more than 100 MWdc of new solar capacity, a new record, according to the release.
U.S. Department of Energy Announces $24.5 Million for Manufacturing Innovation to Build a Clean, Resilient Electric Grid
Next-generation batteries, electricity-conducing materials can help deliver clean, affordable power to communities nationwide
WASHINGTON—The U.S. Department of Energy (DOE) recently announced up to $24.5 million to support improvements in domestic manufacturing to build resilient, modern electricity infrastructure and address the climate emergency. The two funding opportunities will back research and development (R&D) for the materials and technologies needed to expand the grid with new, clean-energy sources, deliver affordable electricity to disadvantaged communities, and help reach the Biden Administration’s goal of net-zero carbon emissions by 2050, according to a release from DOE.
“By investing in American-made, clean-energy technologies, the Department of Energy is harnessing our country’s innovative spirit to build an equitable and sustainable energy system,” said Secretary of Energy Jennifer M. Granholm, in the release. “These funding opportunities will help manufacture the next-generation energy storage systems and power lines that support President Biden’s climate goals, create and sustain U.S. jobs, and build a strong, secure, and efficient electric grid.”
“The key to unlocking the full potential of solar and wind energy is to store it for use around the clock,” said U.S. Representative Diana DeGette, in the release. “Flow battery technology can help us utilize the full potential of these clean-energy resources, and investing in this important new technology now is vital to our overall effort to combat the climate crisis.”
The DOE’s announcement includes funding opportunities designed to bring manufacturable technologies from the lab to the marketplace.
Enhancing Flow Battery Systems Manufacturing
The “Flow Battery Systems Manufacturing” funding opportunity will award up to $20 million for R&D projects focusing on flow battery systems. Flow batteries are electrochemical batteries that use externally stored electrolytes, making them less costly, safer, and more flexible and adaptable.
While lithium-ion batteries are commonly used in electric vehicles and portable devices for various applications, flow batteries are particularly well-suited for grid storage needs. By partnering with industry to address flow battery challenges, this opportunity can help position the United States as a world leader in the next-generation energy storage technologies, according to the release.
Advancing Electricity-Conducing Materials Manufacturing
The Conductivity-enhanced Materials for Affordable, Breakthrough Leapfrog Electric applications (CABLE) Conductor Manufacturing Prize will support the commercialization of affordable, manufacturable materials that will conduct electricity more efficiently than today’s best conductors. Conductivity-enhanced materials can help address the climate emergency by easing the addition of renewable resources and electric cars to the grid, maximizing next-generation energy storage technologies, and supporting efficiency in electricity-intensive sectors like transportation and manufacturing, according to the DOE.
CABLE is a three-stage, three-year prize that will award up to $4.5 million in cash and vouchers to competitors who will identify and verify new materials and methods to achieve significant enhancements in conductivity. Competitors must also offer a pathway to produce the new conductivity-enhanced material affordably.
Stage one, which focuses on materials and manufacturing concepts for enhanced electrical conductivity, is now open. For more information, visit the American-Made Challenges website (americanmadechallenges.org).
Funding for these opportunities will be provided by DOE’s Office of Energy Efficiency and Renewable Energy’s Advanced Manufacturing Office. DOE’s Office of Electricity will support testing for flow battery projects, the release said.
EVgo Expands Innovation Platform, Opens New Lab in Southern California
LOS ANGELES—EVgo, reported to be the nation’s largest public fast charging network for electric vehicles (EVs) and the only platform powered by 100 percent renewable electricity, has opened a new EVgo Lab in El Segundo, California, the company said in a release. The 4,000-square-foot facility provides the company’s team of engineers, technologists, and partners a space for testing hardware, software, and vehicle technologies for the current and next generations of charging infrastructure and EV models.
“The EVgo Lab is powering the innovation to meet the significant future demands for EV charging infrastructure,” said Ivo Steklac, EVgo’s chief operating officer and chief technology officer, in the release. “The facility is enabling our engineers and technologists, along with our EVSE and OEM partners, to design, develop, and safely test the comprehensive charging solutions of today and tomorrow.”
The critical research, development, and testing completed at the EVgo Lab ensures the reliable operation of the company’s fast charging network and enables partners to bring EVs and their charging solutions to market with confidence, the company said in the release.
EVgo said it is a “technology focused company with a dedication to integrating innovation with validation and testing.” Its new lab serves as an innovation hub and proving ground for the latest generation of charging equipment, including power-sharing high power charging technology, new and existing electric vehicles, and new products and applications, such as EVgo’s Access and Reservations programs. The EVgo Lab is specifically designed and equipped to perform verification and certification of EVSEs (electric vehicle supply equipment), including cables and connectors, the latest modular power-sharing equipment, and critical EV and EVSE interoperability testing.
The company recently certified its next-generation power-sharing EVSE with development and testing accomplished at the EVgo Lab. The company called the technology “future-proof,” saying that it and other expandable solutions are capable of delivering power well in excess of the capabilities of even the next generation of EVs, ensuring that EVgo stations can meet tomorrow’s increasing kW demands. As the next generation of fast charging EVs are poised to hit the market, EVgo is collaborating with a broad array of automakers to test their vehicles’ interoperability capabilities with cutting-edge hardware and software solutions, the company said.
EVgo’s EVSE and OEM partners are currently able to access the EVgo Lab to ensure EVgo network compatibility with their newest models, such as Level 2 AC and 350kW DC Fast chargers, including those with power-sharing capabilities. EVgo’s hardware team continues to innovate on new designs, including its integrated Tesla Connectors currently deployed at more than 100 EVgo stations, according to the firm.
EVgo said it is the only U.S. network currently capable of charging all three fast charging protocols, including CHAdeMO, SAE Combo or CCS, and Tesla.
Partners interested in collaborating with the EVgo Lab should contact the company’s hardware team at email@example.com.
EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live and work. Its parent company is LS Power, a New York-headquartered development, investment, and operating company focused on leading edge solutions for the North American power and energy infrastructure sector.
Since its inception in 1990, LS Power has developed, constructed, managed, or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and has developed more than 660 miles of high voltage electric transmission.
Additionally, LS Power actively invests in businesses focused on renewable energy and renewable fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. The company is reported to have raised more than $46 billion in debt and equity capital to support North American infrastructure.