EVgo Accelerates Network Expansion with Domestically Made Prefabricated Charging Skids

Rhea-AI Summary

EVgo (NASDAQ: EVGO) said it deployed more than 40% of its 2025 stations using domestically manufactured prefabricated modular skids, exceeding its year-end target after strong Q4 commissioning.

The company cited a 15% average reduction in installation costs and faster timelines via a partnership with Miller Electric, which assembles skids from American steel and aluminum at a Jacksonville facility employing >1,400 people. Prefab sites in 2025 support up to 14 simultaneous vehicles and feature 350 kW fast chargers across multiple U.S. states.

Positive

• 40%+ of 2025 stations deployed via prefabrication
• Installation costs reduced by an average of 15%
• Prefabricated sites support up to 14 simultaneous vehicles
• Stations exclusively feature 350 kW fast chargers
• Miller Electric facility employs 1,400+ local workers

Negative

• None.

Key Figures

Stations using prefabrication more than 40% Share of EVgo stations deployed in 2025 leveraging prefabricated skids

Installation cost reduction 15% Average decrease in station installation costs via prefabricated skids

Miller Electric employment more than 1,400 people Jobs at Miller Electric’s Jacksonville-area operations

Simultaneous charging capacity up to 14 vehicles Maximum vehicles that 2025 prefabricated stations can charge at once

Charger power rating 350 kW Power of high-power fast chargers at prefabricated stations

Market Reality Check

$3.05 Last Close

Volume Volume 3,021,532 vs 20-day average 3,315,038 (relative volume 0.91) shows no unusual trading ahead of this news. normal

Technical Shares at $3.09 are trading below the 200-day MA at $3.57 and sit 55.15% under the 52-week high.

Peers on Argus

EVGO was down 3.74% while key peers were mixed: ARKO -2.34%, TA flat, BBW +0.4%, ARHS +2.55%, EYE +0.03%. Moves do not indicate a coordinated sector shift.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 11	CFO transition	Neutral	-2.0%	New CFO named and 2025 financial guidance reiterated.
Dec 03	Product milestone	Positive	+5.8%	Autocharge+ surpassed 5M sessions and 300,000 customer enrollments.
Nov 10	Q3 2025 earnings	Neutral	+0.6%	Strong revenue growth with record network revenue but continued losses.
Oct 28	Earnings date notice	Neutral	-2.1%	Announcement of upcoming Q3 2025 results and webcast details.
Sep 09	Network expansion	Positive	-1.0%	Pilot, GM and EVgo expanded to 200+ fast-charging locations and ~850 stalls.

Pattern Detected

Operational and partnership news has often seen muted or negative next-day moves, while customer-focused network or product milestones have tended to align more positively with price.

Recent Company History

Over the past few months, EVgo has combined network growth with financial progress. Q3 2025 results on Nov 10 showed total revenue of $92.3M and record charging network revenue of $55.8M, with throughput reaching 95 GWh. The company reiterated 2025 guidance of $350–$365M baseline revenue. Strategic partnerships expanded, including over 200 fast-charging locations with Pilot and GM and Autocharge+ surpassing 5 million sessions and 300,000 enrollments. The latest prefabricated skid announcement continues this theme of scaling infrastructure and efficiency.

Market Pulse Summary

This announcement underscores EVgo’s push to scale efficiently, with more than 40% of 2025 stations using domestically made prefabricated skids and achieving an average 15% installation cost reduction. The ability to charge up to 14 vehicles simultaneously with 350 kW fast chargers supports network quality and customer experience. In context of recent revenue growth and expanding partnerships, investors may watch how these efficiencies impact margins and future capital needs.

Key Terms

prefabricated modular skids technical

"has deployed more than 40% of its stations this year by leveraging domestically manufactured prefabricated modular skids."

Prefabricated modular skids are self-contained, factory-built frames that hold machinery, pipes, valves and wiring needed for a specific industrial process, delivered ready to connect at a site like a plug-and-play appliance. For investors they matter because they cut construction time, reduce on-site surprises and often lower cost and operational risk, which can speed project revenue, improve predictability of capital spending and make scaling or relocation easier.

fast charging infrastructure technical

"one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs)"

A network of high-power electric vehicle chargers, supporting hardware, grid connections and software that lets drivers recharge quickly—think of it as the equivalent of highways of fast gas stations for electric cars. It matters to investors because availability and reliability of these chargers influence how quickly people adopt electric vehicles, creating potential long-term income, location value and growth opportunities, while also requiring substantial upfront investment and exposure to regulatory and technology risks.

fast chargers technical

"exclusively feature high-power 350kW fast chargers."

Fast chargers are high-power electric vehicle (EV) charging stations that refill a battery much quicker than standard home chargers, similar to an express lane at a gas station that cuts refueling time. Investors care because widespread, reliable fast charging reduces a key obstacle to EV adoption, drives demand for charging networks and electricity infrastructure, and creates recurring revenue and growth opportunities for companies involved in manufacturing, installation and operation.

AI-generated analysis. Not financial advice.

More than 40% of EVgo stations deployed in 2025 leverage the prefabrication approach, supporting domestic manufacturing while reducing installation time and cost

LOS ANGELES, Dec. 16, 2025 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), has deployed more than 40% of its stations this year by leveraging domestically manufactured prefabricated modular skids. EVgo exceeded its goal before year-end, driven by a high rate of new station commissionings early in the fourth quarter. The Company’s partnership with Miller Electric Company (“Miller Electric”), a leading electrical contractor based in Jacksonville, Florida, with expertise in complex electrical systems, has led to accelerated station installation timelines and a decrease in station installation costs by an average of 15%.

Prefabrication ensures consistent, high-quality assembly in a controlled environment by assembling all charging equipment onto a single base frame made from American steel and aluminum at Miller Electric’s facility before shipment to the installation site. Since the partnership first launched in 2023, EVgo’s expanded work with Miller Electric has supported local job creation. Miller Electric has scaled capacity at its prefabrication facility and employs more than 1,400 people in the Jacksonville area.

“The prefabrication model is a win-win for EVgo because we can fast-track infrastructure deployment to meet charging demand and support workforce development in this growing industry,” said Dennis Kish, President of EVgo. “Utilizing prefabricated modular skids from Miller Electric is key to scaling EVgo’s nationwide network.”

“By prefabricating EV skids, we’re able to deliver consistent, high-quality installations while reducing timelines and costs. This approach accelerates infrastructure deployment and supports domestic manufacturing and job creation—key pillars for a sustainable future. This collaboration with EVgo demonstrates innovation and efficiency in the EV charging industry,” said Pat Eliason, Group President at Miller Electric.

In addition to cost and time efficiencies, prefabrication can seamlessly integrate features that enhance customer experience such as Wi-Fi infrastructure, lighting, security cameras, and canopies.

EVgo’s prefabricated stations are now open to EV drivers in California, Florida, Georgia, Illinois, Nebraska, New York and Texas, with additional stations under development in North Carolina, Utah, and more. Prefabricated stations deployed in 2025 can charge up to 14 vehicles simultaneously, depending on the site, and exclusively feature high-power 350kW fast chargers.

For more information about the EVgo fast charging network, visit www.evgo.com.

About EVgo

EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.

About Miller Electric Company

Miller Electric is a 97-year-old company based in Jacksonville, Florida with 21 branch offices located throughout the United States. We provide energy and technology infrastructure solutions for our clients and work in various markets including data centers, healthcare, manufacturing, commercial, federal and industrial. We are also dedicated to creating a more sustainable future through the advancement of EV charging infrastructure. Miller Electric is an EMCOR Group Company (NYSE: EME).

Forward Looking Statements

This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, certain statements related to EVgo’s product capabilities, features, availability, performance and expected benefits; EVgo’s partnership with Miller Electric and the cost savings and performance and scaling benefits thereof; and the speed of EVgo’s infrastructure deployment, and its expected impact on charging demand. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports of Form 10-Q and our Annual Reports on Form 10-K, filed with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo will not necessarily update these forward-looking statements, even if new information becomes available in the future.

EVgo Contacts

For Investors:
investors@evgo.com

For Media:
press@evgo.com

Miller Electric Contact

evsolutions@mecojax.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a7a3dcb1-e7da-418f-a65c-5b4992a97c05

FAQ

What percentage of EVgo stations in 2025 used prefabricated skids (EVGO)?

EVgo deployed more than 40% of its 2025 stations using prefabricated modular skids.

How much did prefabrication reduce EVgo station installation costs (EVGO)?

EVgo reported an average decrease in station installation costs of 15% from prefabrication.

Where are EVgo's prefabricated charging stations available as of December 16, 2025 (EVGO)?

Prefabricated stations are open in California, Florida, Georgia, Illinois, Nebraska, New York, and Texas, with more in development.

What charging capacity do EVgo's 2025 prefabricated stations offer (EVGO)?

Prefabricated stations deployed in 2025 can charge up to 14 vehicles simultaneously and feature 350 kW fast chargers.

Who manufactures EVgo's prefabricated skids and where are they made (EVGO)?

EVgo partners with Miller Electric, which prefabricates skids at its Jacksonville facility using American steel and aluminum.