LS Power Acquires EVgo

Optimus Energy Solutions Acquires South Carolina EV Fast-Charging Network

June 10, 2026

Transportation

Optimus Energy Solutions (OES) acquired a Duke Energy–developed electric vehicle fast-charging network in South Carolina. The network comprises 52 DC fast charging stations across 26 locations, and OES plans to continue operating and maintaining it for the long term as EV adoption grows.

LS Power Acquires ENGIE Services U.S. (rebranded as OPTERRA Energy Services)

June 12, 2025

Renewable Energy

LS Power has completed its acquisition of ENGIE Services U.S., which will operate under its legacy name OPTERRA Energy Services. The acquisition adds OPTERRA's energy-efficiency, renewables, storage, microgrid and operations capabilities — and nearly 300 staff — to LS Power's portfolio to expand its low-carbon and customer-facing energy solutions.

Shell USA, Inc. Acquires Volta Inc.

March 31, 2023

Energy

Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.

SK E&S Acquires EverCharge, U.S. EV Charging Solutions Provider

March 23, 2022

Energy

South Korean energy company SK E&S has acquired EverCharge, a San Francisco Bay Area–based manufacturer and operator of EV charging stations focused on multi-family, workplace and fleet deployments. The deal gives SK E&S a foothold in the U.S. EV charging market and complements its broader U.S. energy solutions investments and capabilities.

EVgo Acquires Recargo (PlugShare)

July 14, 2021

Data & Analytics

EVgo Inc. (Nasdaq: EVGO) has acquired Recargo, the developer of the PlugShare app and a leading e-mobility data and software provider, for $25 million in an all-cash transaction (including $3 million loan repayment). The deal brings Recargo’s app, data services and payment capabilities into EVgo to enhance driver experience, data licensing and interoperability across charging networks and automakers.

EVgo Completes Business Combination with Climate Change Crisis Real Impact I Acquisition Corporation

July 1, 2021

Transportation

EVgo Services, LLC completed its previously announced business combination with Climate Change Crisis Real Impact I Acquisition Corporation (CLII), resulting in EVgo becoming a public company. The transaction included approximately $230 million from CLII’s trust account and about $400 million from a PIPE anchored by institutional investors including PIMCO and asset managers such as BlackRock, Wellington, Neuberger Berman, and Van Eck.