Benzinga | Jul 28, 2020 06:53AM EDT

Blink Charging and EnerSys Collaborate To Develop 'High Power Inductive/Wireless and Enhanced DC Fast Charging Systems with Energy Storage Options for the Automotive Market'

Miami Beach, FL and Reading, PA, July 28, 2020 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ:BLNK, BLNKW))) ("Blink" or the "Company"), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, and EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, jointly announced that they have agreed to develop high-power wireless and enhanced DC fast charging (DCFC) systems with integrated battery storage for the transportation market.

The Memorandum of Understanding (MoU) between the two companies includes joint research and development to commercialize EnerSys' patented energy transfer technology combined with Blink's patent-pending wireless parking bumper and DCFC technology to create faster, more efficient EV charging options with integrated energy storage solutions.

The next-generation DCFC charging solution with high power energy storage will feature a modular design with output from 100-500 kW and will be economically priced. The new DCFC will significantly propel the fast charging experience, much like the IQ 200 did for level 2 charging. Both products will be available to serve the global EV charging infrastructure market that is projected to reach USD $140.0 billion by 2030.*

Michael D. Farkas, Founder, CEO and Executive Chairman of Blink, commented, "This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.

"Blink's patent-pending inductive parking bumper technology under development will enable EV owners to charge their vehicles without physically interacting with a charging station while providing a faster and more ?effortless charging experience. Likewise, by developing charging stations with next-generation integrated DCFC with energy storage capabilities, we can make state-of-the-art charging technology more affordable and accessible to the EV industry."

Joern Tinnemeyer, Chief Technology Officer of EnerSys commented, "We share Blink's commitment to growing the EV market by providing cutting-edge charging solutions that are easy to use, fast, and with Blink's ever-expanding footprint, convenient. Our combined technologies will result in products that will continue to remove the barriers of EV adoption and help this industry grow."