LS Power Acquires Electric Vehicle Fast-Charging Specialist EVgo

Deal could open new capital to expand what is already the largest public fast-charging network in the U.S.

LS Power has added EVgo's electric vehicle public fast-charger business to its portfolio of power plants and businesses.

The acquisition, for an undisclosed sum, sets up a new stage in EVgo's evolution, with the backing of a company that's willing to put lots of capital to work for energy infrastructure that moves the grid in a more flexible direction.