Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”), a leading
owner, operator, and provider of electric vehicle (EV) charging
equipment and services, and Veris Residential, Inc., a
forward-thinking, environmentally and socially conscious REIT that
primarily owns, operates, acquires, and develops Class A
multifamily properties, today announced the deployment of 24 of
Blink’s EV charging ports at Veris Residential’s newly-built,
sustainability-focused, luxury apartment high-rise Haus25, located
at 25 Christopher Columbus Drive in Jersey City, NJ.
“Most EV drivers want to be able to charge their
EV’s where they live and Veris Residential is helping them do just
that,” said Brendan Jones, president at Blink Charging. “We are
honored to work with Veris Residential to provide a valuable
service to their residents and look forward to our continued
relationship with them to bring more EV charging stations to other
Veris Residential sites.”
As the only complete, end-to-end global EV
charging provider, delivering advanced technology solutions for all
EV customers—including consumers, fleets, businesses, retailers,
developers, and municipalities—Blink’s unique owner-operator model
provides customers and partners with industry-leading charging
stations for every location and a 360-degree solution that they can
rely on in a rapidly evolving market. By partnering with Blink to
provide Haus25 residents with access to EV charging ports, Veris
Residential is supporting its mission of being a responsible,
sustainable, inclusive, and equitable member of the built
environment.
“Veris Residential is thrilled to cooperate with
Blink, an innovative provider of fast and effective EV charging
solutions, as we continue to redefine environmentally-friendly
living,” said Karen Cusmano, Senior Vice President, Head of
Sustainability and ESG at Veris Residential. “As the first U.S.
real estate company to sign the Climate Group’s EV100 initiative
and commit to installing EV charging across our portfolio by 2030,
partnering with Blink to bring these stations to Haus25 takes us
one step closer to achieving our goal of increasing EV charging
capacity for our residents.”
While studies have shown that up to 85% of
EV charging happens at home, to date, a limited number of
apartments and condominiums have offered such access to their
residents. In light of the potential of providing EV charging
to the estimated 80 million Americans currently living in
multiunit buildings, Blink is seeking to meet a need desired by EV
drivers while helping to move the U.S. forward in its
decarbonization goals. Specifically, by offering the most
flexibility in the industry, Blink’s personalized and strategic
business models allow customers to achieve their goals, whether
that means owning, partnering with, or hosting their charging
infrastructure.
To this end, Blink has installed 12 IQ 200 dual
chargers at Haus25, providing 24 charging ports for residents and
visitors of the complex. Blink IQ 200, the fastest Level 2 AC
charging station available, produces 80 amps of output that provide
approximately 65 miles of charge per hour and is compatible with
any battery-electric or plug-in hybrid vehicle. When fully
implemented at Haus25, the building will deliver yet another
best-in-class amenity that meets the environmentally conscious
lifestyle preferences for today’s residents, as well as standards
required to achieve LEED Silver certification by the U.S. Green
Building Council.
Additional sustainable amenities featured at
Haus25 include: SOURCE hydropanels, which use solar technology to
harness water in the air; WaterSense labeled fixtures, which
maximize water flow efficiency; bioretention swales, to collect
runoff water and percolate the soil; and energy efficient power
units which convert natural gas into electricity and heat while
also providing on-site generation. The building is also completely
smoke-free, uses enhanced indoor air quality measures, offers more
than 37,000 square feet of garden and outdoor spaces and provides
residents with access to Logical Buildings’ app that shares
real-time energy usage and carbon footprint data to improve
efficiency.
INF Associates, a turnkey EVSE installer and
energy consultant, worked with Blink and Veris Residential to
execute the installation of the IQ 200 chargers—capturing
incentives for Veris Residential through PSE&G's Clean Energy
Future – Electric Vehicle (EV) Program and the New Jersey Board of
Public Utilities MUD grants—funding that was instrumental in
developing an EVSE strategy for Haus25 and its residents.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW), a
leader in electric vehicle (EV) charging equipment, has deployed
over 51,000 charging ports across 25 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of Blink’s charging locations worldwide. Blink’s
principal line of products and services includes the Blink EV
charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including SemaConnect, Blue Corner and BlueLA. 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 vehicles by 2025 from
approximately 2 million in 2019, 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://www.blinkcharging.com/.
About Veris
Residential, Inc.
Veris Residential, Inc. is a forward-thinking,
environmentally- and socially-conscious real estate investment
trust (REIT) that primarily owns, operates, acquires, and develops
holistically-inspired, Class A multifamily properties that meet the
sustainability-conscious lifestyle needs of today's residents while
seeking to positively impact the communities it serves and the
planet at large. The company is guided by an experienced management
team and Board of Directors and is underpinned by leading corporate
governance principles, a best-in-class and sustainable approach to
operations, and an inclusive culture based on equality and
meritocratic empowerment. For additional information on Veris
Residential, Inc. and our properties available for lease, please
visit verisresidential.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, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
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 Investor Relations
Contact IR@BlinkCharging.com 855-313-8187
Blink Media
Contact PR@BlinkCharging.com
INF Associates ContactKerri LiguoriM.
516.732.5988kliguori@infassociates.com
Veris Residential
ContactAmanda Shpiner/Grace CartwrightGasthalter &
Co.212-257-4170veris-residential@gasthalter.com
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