STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Blink Charging UK and Norfolk County Council to Deliver Next Phase of On-Street EV Charging in Norwich

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Blink Charging UK has entered the next phase of collaboration with Norfolk County Council to expand EV charging infrastructure in Norwich. The project will add 22 new charging stations across 12 locations by February, bringing the total to 46 stations in the area. Currently, 24 Blink EV chargers have been installed, with 19 operational stations contributing to 3,086 kWh of power usage, equivalent to 10,801 miles and 2,607,372 Kg of CO2 savings.

The expansion includes installation of 22kW fast chargers and 50-100kW rapid chargers in residential areas, particularly targeting residents without private driveways or off-street parking. The initiative supports the Council's broader plan to increase EV adoption and reduce emissions in the region.

Loading...
Loading translation...

Positive

  • Expansion of charging network with 22 new stations, increasing total presence to 46 stations
  • Successful operation of existing stations with 3,086 kWh power usage demonstrated
  • Strategic placement in residential areas expands market reach to customers without private charging options
  • Installation of higher capacity 50-100kW rapid chargers indicates technological advancement

Negative

  • Only 19 out of 24 installed chargers currently operational, indicating 20.8% non-functional rate

Insights

This expansion in Norwich represents a modest but strategic growth in Blink's UK operations. The addition of 22 new charging stations, bringing the total to 46, demonstrates steady market penetration in a key regional market. Early performance data showing 3,086 kWh usage indicates promising adoption rates, though the impact on Blink's overall revenue will be minimal given the company's $175.5M market cap.

The mix of 22kW fast chargers and 50-100kW rapid chargers aligns with current market demands, particularly in residential areas. However, this deployment, while positive for local infrastructure, is too small to significantly move the needle on Blink's financial performance. The UK market remains highly competitive with established players like BP Pulse and Pod Point, making meaningful market share gains challenging.

The implementation strategy in Norwich showcases a well-planned approach to urban EV infrastructure deployment. The focus on residential areas without private parking addresses a critical market gap, while the phased rollout allows for operational optimization. The mix of charging speeds - 22kW fast chargers for longer stays and 50-100kW rapid chargers for quick charging - demonstrates technical sophistication in meeting varied user needs.

However, with only 19 of 24 existing chargers currently connected and operational, there are hints of potential deployment challenges. The 79% activation rate suggests some infrastructure integration hurdles that need attention. This modest rollout, while positive for local development, represents a relatively small-scale project in the broader EV infrastructure landscape.

London, UK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Blink Charging UK (“Blink” or the “Company”), a wholly owned granddaughter company of Blink Charging Co., a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, has announced the Company has entered into the next phase of its collaboration with Norfolk County Council to support the region's transition to a greener future. Between now and February next year, 12 locations will have 22 electric vehicle charging stations, bringing the total to 46 charging stations across the Norwich area.

Following a contract win in early 2023, Blink Charging UK has been delivering accessible on-street EV charging stations across Norwich, providing much-needed infrastructure to residents who own electric vehicles.

To date, 24 Blink EV chargers have been installed in residential areas throughout Norwich, making sustainable transport more convenient for those without private driveways or off-street parking. The collaboration has been instrumental in the Council’s wider plan to increase EV adoption, reduce emissions, and build out necessary EV infrastructure.

"We are ambitious for a greener and cleaner future for Norfolk and having the right infrastructure in place is vital for helping people move to an electric vehicle,” said Graham Plant, Norfolk County Council cabinet member for highways, infrastructure, and transport. “It is projects like this that ensure Norfolk is fit for the future, and our public consultation has shown that having access to public chargers near to where people live is more important than provision elsewhere on the network, particularly for those residents that do not have their own private driveways.”

Of the chargers already in place, 19 are connected and available. Early data shows that these have contributed to 3086 kWh of power used, equating to 10,801 miles (17382.48 KM) and 2607,372 Kg of CO2 saved.

Blink Charging UK is committed to ensuring Norwich becomes a model for urban EV charging solutions in the UK, supporting Norfolk County Council’s vision for a cleaner, greener transport network.

"Our partnership with Norfolk County Council demonstrates how a strong collaboration can help cities such as Norwich build the infrastructure needed to support the growing number of electric vehicle users,” said Alex Calnan, Managing Director of Blink Charging UK. “We are excited to continue rolling out state-of-the-art chargers to ensure drivers have convenient, reliable access to chargers close to home, which is key to accelerating and supporting the shift to EVs."

Residents in the areas where new chargers are being installed will receive advanced notification of the installation dates and a formal public information notice will be published prior to any work starts.

Some parking restrictions adjacent to the charging stations may be reviewed to maximise access to the new chargers. Any proposed changes will undergo statutory consultation with residents before finalisation.

The latest chargers to be installed will include floor-mounted 22kW fast chargers and 50-100kW rapid chargers, ideally suited for residential on-street locations.

About Blink Charging UK

Blink Charging UK is a leader in electric vehicle (EV) charging technology and services, enabling drivers, hosts, and fleets to transition to electric transportation through innovative charging solutions easily. Committed to helping the UK transition to sustainable transport, Blink provides accessible and reliable charging options for communities, businesses, and government projects across the country. Learn more at https://blinkcharging.com/en-gb.

About Blink Charging Co.

Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging networks (“Blink Networks”), 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. Blink 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://blinkcharging.com/

Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266

Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446


FAQ

How many new EV charging stations is BLNK installing in Norwich by February 2024?

Blink Charging is installing 22 new EV charging stations across 12 locations in Norwich by February 2024.

What is the total number of BLNK charging stations planned for Norwich after the expansion?

After the expansion, the total number of Blink charging stations in Norwich will reach 46.

How much power have BLNK's existing Norwich chargers delivered to date?

The existing operational chargers have delivered 3,086 kWh of power, equivalent to 10,801 miles and 2,607,372 Kg of CO2 savings.

What types of chargers is BLNK installing in the Norwich expansion?

Blink is installing floor-mounted 22kW fast chargers and 50-100kW rapid chargers in residential locations.

How many of BLNK's currently installed chargers in Norwich are operational?

Out of 24 installed chargers, 19 are currently connected and operational in Norwich.
Blink Charging Co

NASDAQ:BLNK

BLNK Rankings

BLNK Latest News

BLNK Latest SEC Filings

BLNK Stock Data

148.94M
111.75M
1.96%
20.59%
16.54%
Engineering & Construction
Miscellaneous Transportation Equipment
Link
United States
MIAMI BEACH