Blink Charging Teams with Tower Management, Completing Installation of 53 EV Charging Stations for Residents
Blink Charging (NASDAQ: BLNK) has completed the installation of 53 EV charging stations across 12 Tower Management locations in New Jersey. The initiative, supported by the NJ DEP's 'It Pay$ to Plug In' program and additional Volkswagen funding, features Blink's Series 8 Level 2 EV Charging Stations with cloud-based network management. Tower Management aims to enhance sustainable amenities for residents while addressing growing EV infrastructure needs. Blink will manage the entire lifecycle of the charging stations, including installation, operation, and maintenance.
Blink Charging (NASDAQ: BLNK) ha completato l'installazione di 53 stazioni di ricarica per veicoli elettrici in 12 sedi di Tower Management nel New Jersey. L'iniziativa, sostenuta dal programma 'It Pay$ to Plug In' del NJ DEP e da finanziamenti aggiuntivi di Volkswagen, presenta le stazioni di ricarica Blink Series 8 di livello 2 con gestione della rete basata su cloud. Tower Management mira a migliorare le comodità sostenibili per i residenti, affrontando nel contempo le crescenti esigenze di infrastrutture per veicoli elettrici. Blink gestirà l'intero ciclo di vita delle stazioni di ricarica, compresi installazione, operazioni e manutenzione.
Blink Charging (NASDAQ: BLNK) ha completado la instalación de 53 estaciones de carga para vehículos eléctricos en 12 ubicaciones de Tower Management en Nueva Jersey. La iniciativa, apoyada por el programa 'It Pay$ to Plug In' del NJ DEP y financiación adicional de Volkswagen, cuenta con estaciones de carga Blink Series 8 de nivel 2 con gestión de red basada en la nube. Tower Management busca mejorar las comodidades sostenibles para los residentes mientras aborda las crecientes necesidades de infraestructura de vehículos eléctricos. Blink se encargará de todo el ciclo de vida de las estaciones de carga, incluida la instalación, operación y mantenimiento.
Blink Charging (NASDAQ: BLNK)는 뉴저지에 있는 12개의 Tower Management 위치에 53개의 전기차 충전소 설치를 완료했습니다. 이 이니셔티브는 NJ DEP의 'It Pay$ to Plug In' 프로그램 및 추가적인 폭스바겐 자금 지원을 받아 진행되었으며, 클라우드 기반 네트워크 관리가 포함된 Blink의 Series 8 레벨 2 전기차 충전소가 특징입니다. Tower Management는 주민들을 위한 지속 가능한 편의 시설을 향상시키고 증가하는 전기차 인프라 요구를 충족하는 것을 목표로 합니다. Blink는 충전소의 설치, 운영 및 유지 보수를 포함한 전체 수명 주기를 관리합니다.
Blink Charging (NASDAQ: BLNK) a terminé l'installation de 53 stations de recharge pour véhicules électriques dans 12 sites de Tower Management dans le New Jersey. L'initiative, soutenue par le programme 'It Pay$ to Plug In' du NJ DEP et un financement supplémentaire de Volkswagen, comprend les stations de recharge Blink Series 8 de niveau 2 avec gestion du réseau basée sur le cloud. Tower Management vise à améliorer les commodités durables pour les résidents tout en répondant aux besoins croissants en infrastructure pour véhicules électriques. Blink gérera l'ensemble du cycle de vie des stations de recharge, y compris l'installation, l'exploitation et la maintenance.
Blink Charging (NASDAQ: BLNK) hat die Installation von 53 Ladeeinheiten für Elektroautos an 12 Standorten von Tower Management in New Jersey abgeschlossen. Die Initiative, die durch das Programm 'It Pay$ to Plug In' der NJ DEP und zusätzliche Finanzierungen von Volkswagen unterstützt wird, umfasst die Level 2 EV-Ladestationen der Blink Series 8 mit cloudbasierter Netzwerkverwaltung. Tower Management zielt darauf ab, nachhaltige Annehmlichkeiten für die Bewohner zu verbessern und gleichzeitig den steigenden Bedarf an EV-Infrastruktur zu decken. Blink wird den gesamten Lebenszyklus der Ladestationen verwalten, einschließlich Installation, Betrieb und Wartung.
- Successfully installed 53 EV charging stations across 12 locations
- Secured government grants and Volkswagen funding for the project
- Established long-term revenue stream through complete lifecycle management
- None.
Insights
The installation of 53 EV charging stations across 12 locations represents a modest but strategic expansion for Blink Charging. While the direct revenue impact may be given Blink's size, the deal's significance lies in its model of leveraging state incentives and partnerships with property managers. The New Jersey DEP's "It Pay$ to Plug In" program and VW funding significantly reduce installation costs, improving project economics.
This deployment exemplifies Blink's growing focus on the multi-family residential sector, a key growth market as EV adoption increases. The recurring revenue potential from station management and maintenance services provides steady cash flow. However, with Blink's
Bowie, Md., Nov. 19, 2024 (GLOBE NEWSWIRE) -- 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 its relationship with Tower Management Service L.P. (“Tower”). This collaboration is well underway and includes the completed installation of 53 state-of-the-art EV charging stations at 12 Tower locations throughout New Jersey.
This initiative aligns with the New Jersey Department of Environmental Protection’s (NJ DEP’s) commitment to sustainability through the “It Pay$ to Plug In” program, which provides grants to offset the cost of purchasing and maintaining electric vehicle charging stations. The program is designed to expand New Jersey’s growing network of electric vehicle infrastructure, allowing residents, businesses, and government agencies to purchase and drive electric vehicles. NJ DEP’s grant award was supplemented by additional funding provided by Volkswagen.
With this collaboration, Tower has strengthened its dedication to a more sustainable future by promoting electromobility and providing environmentally friendly solutions for its New Jersey communities. The installation of Blink EV charging stations allows Tower residents to enjoy a sustainable lifestyle without sacrificing convenience.
Equipped with Blink’s Series 8 Level 2 EV Charging Stations, these sites offer efficient charging capabilities and a seamless user experience. Additionally, the Blink Network’s cloud-based software allows users to manage their charging sessions effortlessly.
"By installing these Blink charging stations, our aim is to enhance our sustainable service and amenity offerings for residents at our New Jersey properties, while aligning ourselves with the growing need for EV infrastructure and electromobility trends,” said Jon Schiavo, Tower’s President.
“We’re excited to be working with Tower Management to bring our charging technology and services to these future-focused, cleantech-ready communities in New Jersey,” said Mike Battaglia, Chief Operating Officer and CEO-Elect at Blink Charging. “These are New Jersey Apartment Communities already known for offering a variety of resident-friendly amenities, and providing EV charging opportunities to the communities takes the living experience to the next level. Blink Charging will manage the entire lifecycle of the charging stations, from installation to operation and maintenance. This collaboration not only boosts Tower’s sustainability initiatives but also provides residents with reliable, advanced EV charging solutions for drivers’ evolving mobility needs.”
About Tower Management Services, L.P.
Tower Management Service, L.P. is a real estate operating company which owns approximately 2,200 multi-family apartment units in approximately 23 garden style apartment communities located in New York State and New Jersey.
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 Contact
Nipunika Coe
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305-521-0200 ext. 266
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FAQ
How many EV charging stations did Blink Charging (BLNK) install for Tower Management in New Jersey?
What type of EV chargers did Blink (BLNK) install at Tower Management properties?
What funding sources supported Blink's (BLNK) Tower Management charging station project?
