Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner and operator of electric vehicle (EV)
charging equipment and services, has announced a working
partnership with Sustainable Westchester, a leading nonprofit
consortium of local municipalities in Westchester County, New York
facilitating the effective collaboration of sustainable solutions
resulting in healthier, more resilient communities. The two
entities are working together exclusively to promote the build-out
of EV charging infrastructure in conjunction with New York’s
NYSERDA and Make Ready programs.
“We are extremely excited to be working with an
organization of the caliber of Sustainable Westchester. They are
fully committed to bringing EV Infrastructure to the region
allowing it to serve as a catalyst for EV vehicle adoption. We
believe this partnership can set a standard for businesses to team
with the nonprofit and public sectors to develop initiatives to
advance the adoption of clean transportation alternatives,” stated
Brendan Jones, Blink Charging Chief Operating Officer.
“When we started an EV Charging program, Blink
Charging stepped up and committed to bringing EV charging
infrastructure to our region. They will initially provide 50
chargers to be deployed at no cost to hosts through their
Blink-owned program, [and we hope to increase this amount over
time],” remarked Seth Leitman, Clean Transportation, Program
Director Sustainable Westchester.
Blink and Sustainable Westchester will be
advocating and promoting the deployment of Blink’s fast level 2
charger, the IQ 200. Sustainable Westchester has been educating and
connecting interested municipalities and businesses through Blink
Charging to the new NYSERDA and PSC program called Make Ready New
York. This program significantly reduces the total cost of
installing publicly-accessible charging stations, all with Blink’s
charging equipment. With incentives and Blink’s support,
Sustainable Westchester’s goal is to make EV charging
infrastructure reliable and accessible throughout the region.
According to New York State Department of Motor
Vehicles, Westchester County has more than 5,500 registered
electric vehicles but only one charging station per 22.2 EVs, half
the state average of charging stations per vehicle. In an effort to
align the number of charging ports with the number of EV drivers,
the Sustainabile Westchester/Blink partnership has already begun
conversations with several municipalities to bring EV chargers to
their communities.
“The Blink charger is faster than any other 240
volt charger on the market, which will provide better service for
our residents and municipalities that we hope will help Sustainable
Westchester attain its goal of seeing one EV in every garage! We
welcome Blink Charging to Westchester County and the Hudson
Valley,” Mr. Leitman concluded.
In addition to Sustainable Westchester’s efforts
in bringing EV charging infrastructure to their communities, they
often host consumer-facing events to educate and inform the public
about sustainability efforts and electric vehicles. This Sunday,
September 27, Sustainable Westchester will be hosting the Drive
Electric Virtual Event: Ride Along with Sustainable Westchester at
11 am – 1 pm. For more information or to register, please
visit https://driveelectricweek.org/event?eventid=2463 and for
more information regarding Blink and the NYSERDA Charge Ready
program, please visit www.blinkcharging.com/electrifyny.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 23,000 charging stations, many of which are networked EV
charging stations, enabling EV drivers to easily charge at any of
the Company’s charging locations worldwide. Blink Charging’s
principal line of products and services includes its Blink EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. The Blink Network uses proprietary, cloud-based
software that operates, maintains, and tracks the EV charging
stations connected to the network and the associated charging data.
With global EV purchases forecasted to rise to 10 million vehicles
by 2025 from approximately 2 million in 2019, the Company has
established key strategic partnerships for rolling out adoption
across numerous location types, including parking facilities,
multifamily residences and condos, workplace locations, health
care/medical facilities, schools and universities, airports, auto
dealers, hotels, mixed-use municipal locations, parks and
recreation areas, religious institutions, restaurants, retailers,
stadiums, supermarkets, and transportation hubs. For more
information, please visit https://www.blinkcharging.com/.
About Sustainable
Westchester
Sustainable Westchester is a nonprofit
consortium of Westchester County local municipalities facilitating
effective collaboration resulting in sustainability initiatives and
cutting-edge innovation. Our goal is to bring socially responsible,
environmentally sound, and economically viable solutes that create
resilient, healthy, vibrant, sustainable communities.
Sustainable Westchester’s energy solutions
portfolio includes Westchester Power, the first in NYS Community
Choice Aggregation program that provides 100% NYS hydropower and
fixed electricity supply rates to its customers. Currently,
Westchester Power is the default supplier in 27 County
municipalities servicing nearly 1/3 of Westchester County
households’ customers. To date, the Westchester Power Program has
made a significant environmental impact eliminating over 600,000
metric tons of C02. Community Solar and its precursor Solarize
Westchester is responsible for driving renewable energy and solar
adoption to thousands of Westchester residents and includes a
municipal solar integration partnership with NYPA bringing solar
benefits to municipalities across the county. HeatSmart, an energy
efficiency, clean heating, and cooling solution, provides options
for home and commercial buildings through geothermal or air source
heat pumps. HeatSmart delivers a valuable solution for all
Westchester residents and businesses and, importantly, those in
current gas constricted areas. Sustainable Westchester is at the
forefront of innovation and is always looking for and developing
the next generation of solutions, Sustainable Westchester is
working with NYSERDA in the development of direct supply and energy
storage and is in development of a Sunshine to EV model for
adoption in member municipalities. Sustainable Westchester
understands that transportation is a critical component of the
energy discussion, and its Clean Transportation Project includes
the facilitation of municipal fleet conversion and the
infrastructure for charging stations. Included in its focus,
Sustainable Westchester facilitates a Zero Waste initiative
anchored by app technology for municipal recycling solutions
(Recycle Right!). Other areas of developmental interest include
land use and complete streets. For more information about any of
Sustainable Westechester’s programs,
visit sustainablewestchester.org.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging and
members of its management, as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com
Sustainable Westchester
Contact Maria Genovesi, Director of marketing,
Communications & Outreach(914) 242.4725
x104maria@SustainableWestchester.org
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Apr 2023 to Apr 2024