- 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.
