EVgo (EVGO) Builds Momentum in Clean Transportation Solutions

EVgo Inc. (NASDAQ:EVGO) is one of the best alternative energy stocks to invest in according to analysts. On January 27, EVgo Inc. (NASDAQ:EVGO) said it plans to roll out North American Charging Standard, or NACS, connectors across its network. Also known as SAE J3400, the connector type was originally developed by Tesla and has since been adopted as the US industry standard. EVgo’s existing network uses Combined Charging System connectors that are incompatible with NACS vehicles unless an adapter is used.

EVgo intends to install the new NACS stalls in cities where NACS-equipped EVs are already in large numbers. This includes San Francisco, Detroit, Dallas, Chicago, Phoenix, Orlando, Las Vegas, Houston, and Austin. The company said that most charging locations will receive two to four NACS connectors per site.

Separately, on January 13, EVgo detailed plans to expand its long-running partnership with Kroger. Kroger is the largest grocery chain in the US by revenue, and the partnership involves the retailer hosting EVgo’s fast-charging stalls.

EVgo said it plans to install at least 150 fast-charging stalls per year through 2035. The company detailed that each eligible Kroger site will receive up to 16 high-power fast-charging stalls. Each will be sized to deliver a full charge in as little as 15 minutes.

The expansion covers the full family of Kroger-owned banners; the eligible locations include Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers, and Smith’s Food and Drug.

EVgo Inc. (NASDAQ:EVGO) is an electric vehicle charging company headquartered in Los Angeles, California. It owns and operates one of the largest public fast-charging networks in the United States, with stations located in major metropolitan areas and along highways.

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Disclosure: None. This article is originally published at Insider Monkey.