EV charging equipment company, Blink Charging (NASDAQ:BLNK) announced the installation of eight new EV charging stations at the Columbia Center Tower in Seattle, Washington, the tallest office tower in the state.
“Blink is proud to continue and expand our service to Columbia Center Tower,” said Chief Revenue Officer, Mike Battaglia. “We commend their forward-thinking approach to enhance EV charging accessibility at this incredible property.”
The tower initially set up four Blink IQ 200 chargers for tenants back in 2015. As electric vehicles gained more traction, they've now taken the step to introduce four additional chargers. These new chargers come with upgraded technology, replacing the older models. All eight Level 2 chargers are now owned by Blink Charging and are being operated through a collaborative business arrangement between the two parties.
“Providing EV charging stations in the workplace is crucial for advancing and adopting EVs everywhere and we hope other property owners and managers will view them as positive example,” said Battaglia
A study conducted by PWC indicates that the “at-work” segment is projected to be the fastest-growing charging segment, accounting for about 17% of the entire market.
An estimated 30% of EV drivers do not have access to home charging. By setting up EV chargers such as the Blink IQ 200 directly at office buildings, companies play a vital role in expanding the EV infrastructure. Research conducted by the US Department of Energy highlights that when workplaces offer charging resources, employees become six times more likely to consider purchasing an electric vehicle.
Shares of BLNK are down 3.05% in mid-day trading Monday.