EVgo and Chase Bank collaborate to install electric vehicle charging stations at 50 US branches.

• Electric vehicle charging stations will be installed at select Chase branches in the U.S. in partnership with EVgo, as announced on Thursday.
• By summer 2023, the company plans to install chargers in 50 of its branches. Chase has approximately 4,700 locations throughout the lower 48 states.
• By the end of 2022, the company plans to install solar panels in approximately 400 additional branches.

The bank is collaborating with to install electric vehicle charging stations at certain locations nationwide, as part of its initiative to encourage sustainability and minimize its carbon footprint.

The company aims to have EV chargers at 50 branches nationwide by summer 2023, with construction already underway at the first location in Carmel, Indiana, set to open this summer.

The chargers will be accessible to the general public and not reserved for Chase customers.

The 50 selected branches of Chase represent a small portion of its overall footprint, as the bank has over 4,700 locations across the lower 48 states.

JPMorgan Chase's chief administrative officer of consumer banking, Becky Griffin, stated that the company will closely monitor usage rates to determine whether to expand the pilot program on a larger scale.

In an interview, she stated that the installation they were currently undertaking was unlike any they had done before. She added that their success would be evaluated and they would decide whether to expand further.

Chase is always seeking ways to innovate its extensive network of branches, and this partnership aligns with its real estate holdings and associated parking lots.

EVgo has partnered with 50 locations in high-demand states, such as California, Illinois, Indiana, New York, Oregon, and Pennsylvania, to provide fast chargers for customers who run daily errands and have limited time.

Access to fast charging in everyday settings, such as local banks and community staples, is crucial, according to EVgo CEO Cathy Zoi.

The financial structure of the partnership and the value of the deal were not commented on by Chase.

The company plans to install solar panels in approximately 400 more branches by the end of 2022, in addition to the 350 branches that already have on-site solar panels. The electricity generated is used to power the company's facilities.

Using available real estate, expanding rooftop solar is an effortless way for companies to reduce their carbon footprint, and Chase is not the only company taking this step.

Some big-box retailers, including , and , have tested rooftop solar at specific locations. Additionally, and Burger King are also exploring solar power at specific locations.

— CNBC’s Hugh Son contributed reporting.