Blink Charging Co. (NASDAQ:BLNK) shares are trading slightly up on Thursday.

The company announced a new partnership with Power Design, one of the largest design-build multi-trade contractors in the U.S.

The agreement involves Blink providing 429 EV chargers, totaling 723 charging plugs, for various locations within Power Design's projects nationwide.

These chargers will be installed primarily in luxury multifamily apartments and condominiums, offering residents easy access to electric vehicle (EV) charging.

Power Design will own the Blink charging stations, with property owners and managers taking ownership once they are installed.

The collaboration between Blink and Power Design spans over a decade, and this new agreement marks another significant step in their ongoing partnership.

According to Benzinga Pro, Blink Charging stock has lost over 46% in the past year.

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Over the past five years, Power Design has become one of the leading EV charger installers in the country, highlighting its role in the growing EV infrastructure sector.

Mike Battaglia, president and CEO-elect at Blink, expressed excitement about working with Power Design to integrate cutting-edge EV charging technology into high-end properties.

He emphasized the importance of contractors like Power Design in advancing EV accessibility and supporting the widespread adoption of EV technology.

This partnership represents a significant move in the push for more EV charging infrastructure, particularly in locations where people live and work.

BLNK Price Action: Blink Charging shares are trading up by 0.95% to $1.60 at publication Thursday.

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Photo: Courtesy of Blink Charging