EVgo to Install 400-Plus Fast-Charging Stalls at Regency Shopping Centers in Expanded Grocery-Anchor Rollout

Public fast-charging operator EVgo plans to add more than 400 charging stalls across shopping centers owned by Regency, deepening a partnership between the two companies that began in 2020.

The expansion focuses on grocery-anchored retail properties, a site category that has become one of the more contested battlegrounds in the U.S. public charging market. Unlike highway corridors, where drivers charge out of necessity, grocery trips offer a routine dwell time that pairs naturally with the 20-to-40-minute sessions typical of DC fast charging. Installing chargers where shoppers already park turns waiting time into errand time — a formula other networks have pursued through supermarket and big-box partnerships.

EVgo, which operates one of the largest direct current fast charging networks in the country, generates revenue by selling electricity directly to drivers and also builds charging infrastructure for automakers and commercial clients. Deploying stalls at grocery-anchored centers fits the company’s strategy of placing chargers in high-traffic, everyday destinations rather than relying solely on highway placements or standalone charging plazas.

The five-year history of the EVgo–Regency relationship matters for deployment timelines. With sites already vetted and utility work often underway or completed at existing locations, adding stalls to established retail partnerships can move faster than greenfield development, where permitting and grid upgrades frequently stall projects.

The announcement comes as EVgo’s shares closed at $1.36, down 3.9% from the prior close of $1.41, giving the company a market capitalization of roughly $426 million. The stock’s small-cap valuation reflects the capital-intensive economics of network buildout, where hardware costs, grid connections and utilization rates all weigh on profitability timelines.

For drivers, the practical takeaway is straightforward: more fast chargers at grocery destinations means routine shopping trips can double as charging stops, reducing dependence on dedicated detours. For the broader charging industry, retail-anchored deployments continue to shift the competitive focus from raw stall counts toward placement quality and session economics.

Source: original release

What to watch

• Pace and timing of stall installations at Regency properties, including which markets get deployed first
• EVgo’s upcoming quarterly earnings, which will show utilization trends and network buildout costs
• Additional retail partnerships or OEM deals from EVgo as the company works toward its station growth targets