Blink Charging Co. (NASDAQ:BLNK) shares are trading higher on Thursday.
Today, the firm has been selected as an official supplier in NASPO ValuePoint's new EV Charging Station Portfolio.
Led by Maryland and funded through NASPO's emerging markets initiative, this portfolio seeks to offer electric vehicle charging solutions to public entities across the country, addressing the growing demand for EV infrastructure.
"Being awarded the NASPO ValuePoint contract is a significant honor and further demonstrates Blink's leadership in the electrification of transportation in partnership with public agencies nationwide," said Michael Battaglia, COO of Blink Charging Co.
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Under this agreement, Blink's advanced EV charging equipment and services are accessible to state governments, higher education institutions, political subdivisions, the District of Columbia, U.S. territories, and other eligible entities, pending approval and compliance with legal requirements.
The contract is effective until May 31, 2027, with the option for renewal until May 31, 2029, reinforcing NASPO ValuePoint's dedication to delivering efficient, affordable solutions for public entities to enhance and sustain essential infrastructure.
"As we focus on providing comprehensive, targeted charging options for EV drivers across the U.S. and globally, we will continue to lay the groundwork for an electric revolution," Battaglia added.
According to Benzinga Pro, BLNK stock has lost 44% in the past year. Investors can gain exposure to the stock via WisdomTree Trust WisdomTree Battery Value Chain And Innovation Fund (BATS:WBAT)
and Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ:UPGR).
Price Action: BLNK shares are trading higher by 4.22% to $3.325 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: courtesy of Blink
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