Blink Charging and EdgeEnergy collaborate to provide ultra-fast EV charging without costly power infrastructure upgrades


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Advanced energy conversion technology dos easier and faster to deploy DC fast chargersproviding greater access to reliable EV charging

Miami Beach, Florida, January 24, 2023 (GLOBE NEWSWIRE) — Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink”), a leading global manufacturer, owner, operator and supplier of electric vehicle (EV) charging equipment and services, today announced that it has signed a memorandum of understanding (MOU) with EdgeEnergy , a leading provider of energy conversion equipment for electric vehicle charging solutions, for the distribution, sale and deployment of EdgeEnergy’s proprietary power source, EdgeEV, which uses proprietary technology to convert single-phase power to three-phase power for EV DC fast chargers .

“We are excited to continue to expand our relationship with Blink Charging, one of America’s leading electric vehicle charging companies,” said Greg York, founder and CEO of EdgeEnergy. “The need to provide reliable ultra-fast charging in areas without three-phase power infrastructure continues to grow. Our relationship with Blink provides tremendous business for both companies and fulfills a critical and growing need for Blink customers.”

As the demand for ultra-fast charging continues to rise, the main barrier to EV fast charger deployment remains grid constraints and adequate power infrastructure. EdgeEV™ will allow Blink to deploy its ultra-fast EV chargers at a lower cost and faster schedule than if they were to rely on traditional network upgrades. The EdgeEV™ uses patented technology to deliver balanced 3-phase power from a single-phase input at ratings up to 150kW and, unlike battery dependent solutions, can provide continuous power on demand for the fast charging station. It can also be paired with additional EdgeEV™ units to provide even greater kilowatt outputs that will support larger charger installations, all on single phase.

“EdgeEnergy’s technology is a game changer in how we approach networking for Blink’s DC fast charging stations,” said Brendan Jones, president of Blink Charging. “We are excited to be working with EdgeEnergy to implement this technology and take the worry out of three-phase power availability. With EdgeEnergy’s technology, we will be able to deploy more of our ultra-fast charging stations faster, even without three-phase.”

Blink is the only global end-to-end EV charging provider, offering advanced technology solutions for all EV customers, including consumers, fleets, enterprises, retailers, developers and municipalities. Blink’s unique owner-operator model provides customers and partners with industry-leading charging stations for all locations and a 360-degree solution they can rely on in a rapidly evolving market. Offering the most flexibility in the industry, Blink’s customized and strategic business models also achieve customer objectives, whether partners want to own, partner with, or host their charging infrastructure.

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About intermittent charging

Blink Charging Co. (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed nearly 59,000 charging ports in 25 countries, many of which are networked EV charging stations, allowing EV drivers to charge easily at any of the Blink upload locations around the world. Blink’s core line of products and services includes the Blink EV Charging Network (“Blink Network”), EV Charging Equipment, EV Charging Services and recent acquisitions products and services including SemaConnect, Blue Corner and BlueLA. Blink Network uses proprietary cloud-based software that operates, maintains and tracks network-connected EV charging stations and associated charging data. With global EV purchases forecast to increase to 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships to drive adoption across multiple types of locations, including parking lots, multi-family homes and condos, workplaces, healthcare/medical facilities, schools and universities, airports, car dealerships, hotels, municipal mixed-use sites, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, visit https://www.blinkcharging.com/.

About EdgeEnergy

EdgeEnergy is the manufacturer of EdgeEV, a power source that allows EV fast chargers to be installed at edge locations using existing single-phase power infrastructure. This innovation eliminates the need for power infrastructure upgrades in many cases and creates the opportunity to expand EV charging infrastructure in areas of America where fast EV charging would not otherwise be available and solves the biggest barrier to EV adoption – the range anxiety.

Forecast Statements

This press release contains forward-looking statements as defined in 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. These statements include statements about 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 such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including our estimate of U.S. charger production and those described in Blink Charging’s Third Quarter 2022 Form 10-Q and other reports. periodicals filed with the SEC, and that actual results could 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 Investor Relations Contact [email protected] 855-313-8187

Blink Media contact [email protected]

Edge Energy ContactBen Morris – Vice President of Sales and Marketing[email protected]

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Source: Blink Charging Co.

Blink Charging and EdgeEnergy collaborate to provide ultra-fast EV charging without costly power infrastructure upgrades

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