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Benzinga
Benzinga
Business
Akanksha Bakshi

Blink Charging Bags Award From Illinois Region 1 Planning Council

BLNK Blink Charging Co Nasdaq
  • Blink Charging Co (NASDAQ:BLNK) has secured a cooperative purchasing agreement for EV charging equipment and network services from the Region 1 Planning Council in Northern Illinois. Financial terms were not disclosed.
  • The Region 1 Planning Council is a regional government agency providing cross-jurisdictional, government-to-government collaborative planning across Northern Illinois.
  • Following a competitive solicitation process, Blink EV charging technology is now available to local municipalities and government agencies across six counties in Northern Illinois.
  • The contract for EV charging equipment and services for up to a 10-year term will enable members of R1's council of governments to participate under any of Blink's deployment models.
  • The initial plan estimates up to 700 charging stations to be installed.
  • Price Action: BLNK shares are trading higher by 1.68% at $16.91 on the last check Wednesday.
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