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LONDON - Blink Charging UK, a prominent provider of electric vehicle (EV) charging solutions, has been selected as the preferred bidder by Brighton & Hove City Council for a 15-year contract to expand the region’s EV charging infrastructure. The deal, valued at over £500,000, involves the installation of a minimum of 350 chargers and is funded through the Local Electric Vehicle Infrastructure Fund (LEVI).
This initiative is one of the first contracts awarded through LEVI, a program aimed at bolstering the UK’s EV charging network to support local authorities. The partnership with Brighton & Hove City Council will supplement the existing network of over 400 Blink chargers in the area.
Alex Calnan, Managing Director of Blink Charging UK, expressed enthusiasm about continuing the company’s five-year relationship with the council and contributing to a sustainable and reliable charging network. Blink anticipates joining the council at the upcoming Charge & Drive EV Experience Day in early April.
Mike Battaglia, President and CEO of Blink Charging, highlighted this development as a significant step in the company’s UK and global expansion efforts, emphasizing the importance of high-quality charging infrastructure to accommodate the growing number of EV drivers.
Blink Charging UK focuses on collaborations with local authorities, businesses, and property developers to deliver tailored solutions and sustainable energy management, striving for a cleaner transportation future.
The information for this report is based on a press release statement from Blink Charging Co.
In other recent news, Blink Charging Co. has reported significant developments in its operations and leadership. The company has appointed Michael Battaglia as its new President and CEO, following the retirement of Brendan Jones. Under Battaglia’s previous leadership as COO, Blink’s revenue experienced substantial growth, rising from $3 million in 2019 to $140.6 million in 2023. Meanwhile, Barclays has adjusted its financial outlook for Blink, reducing its price target to $1.50 from $3.00 while maintaining an Equalweight rating. This revision reflects updated revenue estimates for fiscal year 2024, now projected at $125 million, down from $167 million, aligning with the lower end of Blink’s guidance.
Additionally, Blink has entered into an agreement with the City of Alameda, California, to install up to 50 EV charging ports, starting with an initial 13 ports. The company has also expanded its EV charging infrastructure at Royal Farms stores, launching 76 charging ports across 23 locations in Maryland and Delaware. In a move to strengthen its sales strategy, Blink has appointed Chris Carr as Senior Vice President of Sales & Business Development, bringing extensive experience from the renewable energy sector. These developments underscore Blink’s ongoing efforts to enhance its market presence and EV infrastructure.
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