Welcome to our dedicated page for Blink Charging Co news (Ticker: BLNK), a resource for investors and traders seeking the latest updates and insights on Blink Charging Co stock.
Blink Charging Co. (NASDAQ: BLNK) is an owner, operator, and provider of electric vehicle (EV) charging equipment and services, and it regularly issues news updates that reflect its activity across hardware, software, partnerships, and capital markets. The company’s press releases highlight developments in its EV charging networks, new product launches, strategic contracts, and financial performance.
Readers following BLNK news can expect coverage of agreements with property owners, housing providers, and public sector entities to deploy Level 2 and DC fast charging stations. Recent announcements include collaborations with multifamily residential complexes, social housing organizations, and local councils in the United Kingdom, where Blink Charging UK Ltd. is delivering public charging infrastructure under government-supported programs.
Blink’s news flow also features product and technology updates, such as the launch of its Shasta line of Level 2 chargers for multifamily and fleet markets and the introduction of cryptocurrency payment options using USD Coin (USDC) on networks like Ethereum, Arbitrum, Polygon, and Base at select Blink-owned DC fast charging sites. These updates illustrate how the company combines hardware and network software to address evolving customer requirements and payment preferences.
In addition, Blink regularly reports its quarterly financial results, providing detail on product revenues, service revenues, and other revenues, as well as gross margins and operating expenses. Capital raising activities, including public offerings of common stock and related agreements with placement agents, are also disclosed through press releases and associated SEC filings. For investors and observers, the BLNK news page offers a centralized view of the company’s operational initiatives, partnerships, product evolution, and financing actions over time.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the installation of ten IQ 200 EV chargers at St. Luke’s University Health Network in Pennsylvania, increasing the total to 26 chargers across its campuses. Blink is also set to install eight more chargers at the Allentown campus. This initiative is part of a contract established in January 2019, aimed at making EV charging more accessible. The project is funded through a grant from the Driving PA Forward initiative, enhancing Blink's presence in the healthcare sector amid growing EV demand.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has signed a 5-year exclusive contract with Blessing Health System in Quincy, Illinois, to deploy 20 Blink-owned IQ 200 charging units. This agreement includes two additional 5-year renewal options, highlighting Blink's commitment to expanding EV charging solutions in healthcare facilities. The partnership aims to enhance convenience for patients and employees, addressing the growing demand for EV charging infrastructure in less urban areas.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has introduced an innovative pole mounting kit for its IQ 200 EV charging stations, enhancing its product range. The kit allows installation on existing infrastructure, potentially increasing deployment opportunities for EV chargers. CEO Michael D. Farkas highlighted the kit's role in expanding EV charging access in urban areas. This announcement follows the recent launch of a cable management solution. Blink is committed to making EV charging accessible at numerous locations, supporting the projected rise in EV adoption worldwide.
Connecticut Green Bank has launched a pioneering carbon offset credit project for electric vehicle (EV) charging systems, marking the first of its kind registered under Verra's new methodology. Collaborating with partners including Blink Charging and Proterra, the initiative involves 725 EV charging stations across the U.S. The project aims to attract private investment from carbon capital markets, enhancing EV infrastructure deployment. It emphasizes performance-based funding, allowing EV chargers to earn credits based on electricity dispensed, thereby contributing to climate change mitigation.
Blink Charging Hellas has secured a purchase agreement with Public Power Company (PPC S.A.) for 45 dual-port charging stations in Greece, valued at 224,874 € (approximately $272,451). This is the first step following PPC's goal to deploy 10,000 charging stations nationwide. The Blink IQ 250-EU chargers, designed and manufactured in Greece, emphasize quality and connectivity. The agreement signals Blink’s expanding presence in early EV markets and builds on previous partnerships in the Dominican Republic and Panama.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) will participate in the Water Tower Research Virtual Conference and Fireside Chat on December 8, 2020, at 11:00 am ET. COO Brendan Jones will discuss the company’s operations and recent acquisitions, including U-Go Stations Inc. and BlueLA Carsharing LLC. Blink operates over 23,000 EV charging stations globally, with an aim to expand as EV demand is projected to rise significantly by 2025. Investors can register for the event to gain insights into Blink's strategic plans and operational updates.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has partnered with JSC Management Group, a major Burger King franchisee, to install EV charging stations at key Burger King locations across the Northeast. Blink will own and operate these 26 dual-port Level 2 IQ 200 charging stations, which will be deployed at 10 selected sites, enhancing Blink's regional expansion. This collaboration aims to meet the growing demand for EV infrastructure within the restaurant sector, benefiting both Blink and JSC.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has acquired U-Go Stations, Inc., adding 44 DC fast charging locations to its network and expanding its footprint across ten states. This strategic acquisition includes grants for deploying up to 45 additional charging stations. Blink's COO stated this move will significantly enhance their presence in the fast charging market, as the existing chargers will transition to the Blink Network. The acquisition aims to meet the growing demand for electric vehicle charging infrastructure and strengthen Blink's role in the EV charging ecosystem.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the launch of its innovative Cable Management Solution, enhancing EV charging experiences by reducing touchpoints and maintaining safety. This product addresses the growing demand within the $17.6 billion global EV charging infrastructure market. The system is designed for both new and existing installations, promoting convenience and efficiency. Blink is committed to expanding its product lineup, with further innovations expected in the EV charging space.
Blink Charging Co. reported a significant 84% revenue increase to $3.8 million for the first nine months of 2020, surpassing its 2019 total of $2.8 million. Despite challenges from the COVID-19 pandemic, Q3 revenue grew by 18% to $0.9 million. The company sold or deployed 668 EV charging stations across 25 states and acquired BlueLA Carsharing, enhancing its California presence. However, it reported a net loss of $3.9 million for Q3. Blink generated $19 million through a share offering, and cash reserves stood at $14.9 million as of September 30, 2020.