Blink Charging and Nexxtlab Collaborate for Efficient EV Charging Solutions Across Europe.

Blink Charging has partnered with Nexxtlab to provide simplified energy management solutions throughout Europe. The integration aims to optimize energy management based on renewable availability, reduce operational costs, and manage peak demand effectively. The partnership brings together Blink's EV charging network with Nexxtlab's Smartmaster platform, connecting chargers with inverters and energy storage systems. This collaboration strengthens Blink's competitive positioning in the European market and promotes wider adoption of smart and sustainable energy solutions.

Blink Charging Co. (NASDAQ: BLNK), a leading provider of electric vehicle (EV) charging equipment and services, has announced a strategic partnership with Luxembourg-based energy management firm Nexxtlab. The collaboration aims to provide simplified energy management solutions for businesses utilizing EV fleets throughout Europe.

The partnership integrates Blink's EV charging network with Nexxtlab's Smartmaster platform, connecting chargers with inverters and energy storage systems. Smartmaster is designed to optimize charging based on renewable energy availability and user preferences. By managing peak demand and eliminating demand charges, the platform aims to reduce operating costs and enhance performance [1].

Blink Charging CEO Mike Battaglia stated, "This collaboration is about supporting businesses through the next phase of the energy transition and further redefining what’s possible in EV infrastructure." The platform incorporates continuously updated local renewable energy forecasts, optimizing charging when there is more sunlight and when drivers don’t require their vehicle. This aligns charging more closely with locally generated electricity from renewable sources [1].

The initial announcement of the partnership caused Blink Charging shares to rise 3% in the morning session, trading higher by 2.00% to $1.020 at last check Tuesday. However, the shares cooled down to $1.01, up 0.5% from the previous close [2].

The partnership is expected to create a more efficient and cost-effective charging infrastructure, simplifying the energy transition for companies utilizing EV fleets. By integrating Blink's technology with Nexxtlab's Smartmaster platform, the collaboration strengthens Blink's competitive positioning in the European market and promotes wider adoption of smart and sustainable energy solutions.

References:
[1] https://www.morningstar.com/news/globe-newswire/9517976/blink-charging-and-nexxtlab-team-to-provide-simplified-energy-management-solutions-throughout-europe
[2] https://finance.yahoo.com/news/blink-charging-partners-nexxtlab-boost-140222759.html