Blink Charging Awarded $2 Million Grant to Provide EV Chargers for State of Illinois
October 30 2024 - 9:00AM
Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”),
a leading global manufacturer, owner, operator, and provider of
electric vehicle (EV) charging equipment and services, has
announced it has been awarded a nearly $2 million grant to own and
operate EV chargers for the state of Illinois. The grant, awarded
by the Illinois Environmental Protection Agency (Illinois EPA),
sets the stage for Blink Charging and Illinois to collaboratively
help provide public charging solutions for employees, residents,
and visitors.
The funding is part of the state’s “Rebuild
Illinois” capital program for electric vehicle charging projects
authorized under the Climate and Equitable Jobs Act, which is also
part of the Driving a Cleaner Illinois Program.
Under this grant, the Illinois EPA will fund a
portion of the eligible costs associated with new, commercial-grade
DC Fast Chargers and Alternating Current Level 2 charging stations
for electric vehicles to be located at publicly accessible charging
station locations in Illinois.
Once the project is fully in place, five
locations around Illinois will cumulatively host 15 new Blink
charging stations, including 10 180kW DC fast chargers and five
Dual Port Level 2 stations (10 ports). Blink is providing a 30%
cost share for the program.
Additionally, Blink will provide related
services such as site assessment and preparation, installation,
maintenance, repair, parts and supplies, warranties, and product
training.
“The state of Illinois and Blink are both keenly
focused on leading the electrification of transportation together,”
stated Mike Battaglia, CEO-Elect at Blink Charging. “This project
represents another example of Blink leveraging external capital to
efficiently install, own, and operate EV charging infrastructure,
and we are grateful for the state’s trust and our shared
vision.”
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global
leader in electric vehicle (EV) charging equipment and services,
enabling drivers, hosts, and fleets to transition to electric
transportation through innovative charging solutions easily.
Blink’s principal line of products and services include Blink’s EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. The Blink Network utilizes 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 ContactNipunika
CoePR@BlinkCharging.com305-521-0200 ext. 266
Stable Media ContactKrishna
Estevapress@stable.auto
Blink Investor Relations ContactVitalie
SteleaIR@BlinkCharging.com305-521-0200 ext. 446
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