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Blink Charging Powers Nationwide EV Infrastructure Expansion with NASPO ValuePoint Portfolio
BlinkBlink(US:BLNK) GlobeNewswire News Roomยท2024-07-25 12:15

Core Insights - Blink Charging Co. has been selected as an official supplier in NASPO ValuePoint's new EV Charging Station Portfolio, enhancing its position in the electric vehicle charging market [2][9]. - The NASPO ValuePoint initiative aims to provide public entities with a comprehensive range of EV charging solutions, including Level 2 and DC Fast Charge stations, along with installation and maintenance services [3][8]. - The contract with NASPO ValuePoint is active through May 31, 2027, with the possibility of renewal until May 31, 2029, allowing Blink to serve various public entities across the U.S. [9]. Company Overview - Blink Charging Co. is a leading global manufacturer and provider of electric vehicle charging equipment and services, facilitating the transition to electric transportation [2][6]. - The company's offerings include the Blink Network, which utilizes proprietary cloud-based software for operating and maintaining EV charging stations [6]. - Blink has established strategic partnerships for deploying charging solutions across diverse locations, including parking facilities, healthcare institutions, and educational establishments [6]. Industry Context - The NASPO ValuePoint initiative, led by the State of Maryland, is part of an effort to meet the increasing demand for electric vehicle infrastructure across the nation [8]. - The portfolio aims to ensure that public entities can access high-quality and cost-effective EV charging solutions, thereby improving vital infrastructure [4][8]. - The initiative reflects a broader commitment to sustainable transportation solutions and the electrification of transportation in partnership with public agencies [10].