
Sunday, October 13, 2024 7:59:11 PM
October 10 2024
https://ih.advfn.com/stock-market/NASDAQ/evgo-EVGO/stock-news/94697834/evgo-and-delta-electronics-sign-mou-to-co-develop
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010971416/en/
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.
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