NRG Energy and its eVgo subsidiary will install a network of about 200 electric vehicle (EV) charging stations across California, US.
The move was followed by Federal Energy Regulatory Commission's (FERC) approval of the agreement between the California Public Utilities district and NRG Energy's eVgo subsidiary.
The EV charging network will include chargers that allow drivers to add 50 miles of range in 15 minutes at premier retail environments.
NRG has agreed to invest about $100m over the next four years in the eVgo California charging network and make a $20m payment to the California Public Utilities Commission for rate payer relief.
In addition, NRG will also invest $5m to test new charging and related technologies as well as invest $4m to support low income car-sharing, workforce training and related opportunity programmes.
eVgo will look after the wiring installations for at least 10,000 individual charging stations located at offices, multifamily communities, schools and hospitals.
NRG is also planning to install at least 20% of the fast charging stations in low income areas to ensure the EV charging is available to Californians of all income levels.
