EVgo secures $1.25 billion loan amid Biden’s rush to approve clean energy loans
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EVgo has secured a $1.25 billion loan from the U.S. Department of Energy to install 7,500 public chargers at 1,100 stations nationwide over the next five years. This funding comes as the Biden administration accelerates clean energy loans before a potential change in leadership. The project is expected to create over 180 construction jobs and 550 maintenance jobs. Other recent recipients of DOE loans include StarPlus Energy and Rivian.
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