Blink Charging Awarded Grant Funds to Deploy DC Fast Chargers by the Massachusetts Department of Environmental Protection under the Massachusetts Electric Vehicle Incentive Program
16 Março 2022 - 10:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced that
it has been awarded grants from the Massachusetts Department of
Environmental Protection (MassDEP) to install 8 dual-port 75-175kW
DC fast-charging stations across the state of Massachusetts.
The Blink award, totaling $800,000, were awarded
under the Massachusetts Electric Vehicle Incentive Program
(MassEVIP), which provides grants for installing DC fast-charging
stations at strategic locations around the state. The grants are
part of a significant effort by Massachusetts to create a reliable
EV infrastructure that supports the Commonwealth's energy future
and emissions reduction goals. Massachusetts has announced a goal
of ending the sale of new gas-powered vehicles by 2035. The
Commonwealth will seek to have 30 percent of all trucks and bus
sales be zero-emission vehicles by 2030, hoping to reach 100
percent of sales by 2050.
"We are thrilled to have been awarded grant
funds from MassDEP to continue expanding EV charging access in
Massachusetts. The northeast is a rapidly growing EV market. It is
one in which we have been successful in being selected for multiple
grant and rebate awards," said Brendan Jones, President of Blink
Charging. "Continuing to build-out high-density areas and
high-traffic corridors will further accelerate consumer adoption of
EVs. These new DC fast charging locations will provide
Massachusetts residents and travelers with the confidence in the
state's charging infrastructure needed to help drive the electric
mobility transformation."
Blink will install eight dual-port DC fast
chargers in strategic locations to further develop the state's
charging corridors and convert more drivers to EVs. The chargers
will fill existing gaps in EV charging access along major highways
and be hosted by familiar consumer brands along Route 90, Route 95,
and Route 20.
Installation of Blink’s DC fast charging
stations as part of this grant aware include the following
locations:
Brookline
- Sunoco, 454 Harvard Street
Canton
- Sunoco, 702 Neponset Street
Lenox
- Burger King, 500 Pittsfield Road
Northampton
- Burger King, 344 King Street
Norwell
Somerset
- Sunoco, 525 County Street
Springfield
- Burger King, 727 Boston Road
Worcester
- Sunoco, 527 Southwest Cutoff
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ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 30,000 charging stations across 13 countries, 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 include 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 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/.
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, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should,” and 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 855-313-8187
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