Blink Charging Deploys EV Charging Stations Using Local Load Management
04 March 2020 - 12:30AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner/operator of electric vehicle (EV)
charging stations, today announced the installation of four EV
charging stations utilizing local load management, the first
deployment of its kind. The installation configuration allows up to
20 charging stations to be deployed on a single circuit. This can
result in significantly lower installation costs, while also
providing a fast charging experience for drivers.
The innovative design allows equal output to
each charger based on the number of stations being used at one
time. When one EV is charging, the EV will receive the maximum
output of nearly 20 kWh. When others connect, the load will be
equally shared among them. The system automatically redistributes
the output when one vehicle completes its charge, even if it’s
still plugged into the station. This new functionality allows the
EV charger load to be best matched with the power available at the
facility, thereby minimizing installation costs and eliminating
electric service upgrades. The Blink IQ 200 is the only charger on
the market capable of local load management across four or more
charging stations. Future upgrades will include the ability to
allow up to 20 EVs to be plugged in and queued to charge overnight
in sequence.
“We are incredibly excited to be deploying
anywhere from two to 20 chargers with local load management,”
stated Blink Founder and Chief Executive Officer Michael D. Farkas.
“It will change the conversation from ‘Can our community afford to
install them?’ to ‘How soon can we have them?’ The future-proof
design of the IQ 200 contemplated this advanced capability, and it
was intentionally built into the initial product design. The
advanced charger intelligence supports multiple charging ports
while delivering the fastest level 2 charge possible. When
installed on a single electric circuit, it can help minimize
installation costs.”
“This is a game-changer, especially for
multifamily residences where power availability is often limited.
This advancement in charging technology is good business for Blink,
and it’s great for the environment,” continued Farkas.
Blink’s planning for, and use of, local load
management responds to increased demand for EV charging
infrastructure at multifamily and residential locations. Utilizing
the local load management installation configuration, Blink can
maximize the number of charging stations available at any given
time on a single 100 amp circuit.
ABOUT BLINK CHARGING
Blink Charging is a leading owner/operator of EV
charging stations in the United States and a growing presence in
Europe, Asia, Israel, the Caribbean and South America. With a long
history in the EV industry and a dedicated team with deep knowledge
of the industry, Blink continues to be the trusted partner in EV
charging station technology. As such, the company is a driving
force with more than 150,000 registered EV driver members and more
than 15,000 EV charging stations deployed. For more information,
please visit 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, 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. They 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 consumer demand for
EV charging stations utilizing local load management and the
success of these deployments over time, and other risks 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
InvestorRelations@BlinkCharging.com
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