Wednesday, July 29, 2020

Blink Charging (NASDAQ:BLNK)

Blink Charging is an owner, operator, and provider of electric vehicle charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.

Its principal line of products and services are Blink EV charging network (the Blink Network) and EV charging equipment (also known as electric vehicle supply equipment) and EV related services

The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017.


The company announced it will collaborate with EnerSys to develop "high power inductive/wireless and enhanced DC fast charging systems with energy storage options for the automotive market."

Approximate Number of Sites:1,680

Coverage: Blink chargers are located in approximately 25 states, with the largest concentration in California, Arizona, Oregon, Texas, Tennessee and Washington.

Access: Start by registering a credit card with a Blink account. There are no required annual or monthly membership fees, or minimum credit card balance. Members who register will receive an “InCard” and can initiate a charge using the card. Guests can initiate a charge with Blink’s mobile application.

Cost Per Charge: In the states that permit kilowatt-hour pricing, fees for Level 2 EV charging stations owned by Blink and operated on the Blink Network range from $0.39 to $0.79 per kWh, depending on the state and individual’s membership status. Blink is a proponent of kWh pricing because it is usage-based and EV drivers pay fees based on the actual amount of power consumed during the charging session rather than the amount of time that the car is plugged into the station. Fees for DCFC chargers owned by Blink and operated on the Blink Network in kWh eligible state range from $0.49 to $0.69 per kWh, depending on the state and individual’s membership status.

These states currently permit fees by the kilowatt-hour: California, Colorado, Florida, Hawaii, Illinois, Maryland, Minnesota, New York, Oregon, Pennsylvania, Utah, Virginia, Washington, and Massachusetts, as well as the District of Columbia.

In states where pricing by kWh is not permitted, time-based charging fees for Level 2 charging stations owned by Blink and operated on the Blink Network range from $0.04 to $0.06 per minute, depending on membership status. Time-based charging fees are rounded up to the nearest 30-second interval. Fees for DCFC chargers owned by Blink and operated on the Blink Network in non-kWh eligible states will range from $6.99 - $9.99 per session, depending on membership status.

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