Blink Charging Awarded Grant Funds to Deploy DC Fast Chargers by Michigan Consumers Energy and the Michigan Department of Environment, Great Lakes and Energy
Blink Charging Co.
Deploy DC Fast Chargers by Michigan Consumers Energy and the Michigan Department of Environment, Great Lakes and Energy
Blink has deployed Six DC fast chargers along federally designated alternative fuel corridors across the state of Michigan
Miami Beach, FL, Nov. 03, 2021 (GLOBE NEWSWIRE) — 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 a grant from Michigan Consumers Energy and an additional grant from the Michigan Department of Environment, Great Lakes and Energy (EGLE) for the installation of DC fast charging stations across the state of Michigan. The six DC fast chargers were installed at two separate locations in Traverse City and Clare, Michigan.
These grants are part of a larger effort by the state of Michigan to create a strategic, accessible network of EV chargers for its residents and visitors and are funded by the Michigan Consumers Energy “Power MI Drive” program and EGLE. The EGLE grant is funded through the Volkswagen mitigation trust fund as part of the emission settlement and comes at no cost to the Michigan taxpayer.
“We are thrilled to have been awarded these grant funds from Michigan Consumers Energy and EGLE and to continue to grow our footprint of EV chargers in the state,” said Brendan Jones, President of Blink Charging. “Minimizing barriers to EV charging is critical to increasing consumer adoption of EVs, and these new fast charging locations provide residents and visitors the confidence in Michigan’s charging infrastructure needed to help drive the electric mobility transformation.”
The chargers are equally distributed between two strategic locations in Traverse City and Clare, Michigan, with the grant award locations including agreements between Blink and consumer brands that will serve as site host partners. Specifically, in Traverse City, Blink deployed three DC fast chargers at a Burger King along route 31, serving the many travelers that visit the popular travel region. In Clare, Blink deployed three DC fast chargers at Witbeck’s Family Foods off of State Route 127, providing easy dwell-charging access to residents and supporting efforts to turn Route 127 into a robust charging corridor.
The Michigan grant award further increases Blink’s footprint in the state. The company recently announced the deployment of 27 charging ports at six locations across Traverse City in partnership with Traverse City Power & Light and funded in part by a grant from EGLE.
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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.
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