Electric vehicle charging equipment company, Blink Charging Co (NASDAQ:BLNK) revealed in a press release Thursday that they have been chosen by the Tennessee Valley Authority (TVA) and given a two-year contract to supply a range of EV charging solutions, including Level 2 (L2) charging equipment and DC Fast Chargers (DCFC) for both public and commercial fleet applications.
“We are excited about the initiative Blink and TVA are creating together to strengthen EV adoption in the Tennessee Valley,” said Blink’s VP of sales, Jim Nemec.
The Tennessee Valley Authority has ongoing initiatives and programs designed to promote the growth of EV use in its service territory. TVA has a joint goal with regional EV stakeholders to have 200,000+ EVs on Tennessee Valley roads by 2028.
“With TVA celebrating its remarkable 90th anniversary as a pioneering and innovative force in the energy and environmental protection fields, we at Blink eagerly embrace the opportunity to align ourselves with this strong, forward-looking organization to help shape the future landscape of transportation electrification,” added Nemec.
The announcement follows Blink’s Q2 2023 earnings release, the strongest in company history, which saw total revenues increase to nearly $33 million for the quarter.
Shares of BLNK are down 5.49% in mid-day trading on Thursday.