Latest news with #MikeBattaglia
Yahoo
a day ago
- Automotive
- Yahoo
WirelessCar, Blink, and ChargeHub Collaborate to Launch 'Seamless Charging' Pilot Program Across North America
Transformative Initiative is Designed to Simplify EV Charging Across the United States and Canada GOTHENBURG, Sweden, June 3, 2025 /PRNewswire/ -- WirelessCar, a global leader in connected vehicle services, has announced a collaboration with Blink Charging Co. ("Blink"), a leading owner, operator, provider and manufacturer of electric vehicle (EV) charging equipment and services, and ChargeHub, North America's leading EV roaming hub, to launch an innovative `Seamless Charging' pilot program in the United States and Canada. This ground-breaking initiative is designed to redefine the EV charging experience, making it faster, easier, and more accessible for drivers. For anyone who does not have easy access to EV charging infrastructure, using an EV may seem complicated. A lot of apps, tags and cards meant to make the process easier may in fact deter new users; especially if these apps or devices make the charging process less convenient than refuelling an internal combustion engine (ICE) vehicle. The 'Seamless Charging' initiative eliminates common barriers to EV charging through a simple, single-app signup. By leveraging an advanced connected services feature, EV drivers can plug into Blink chargers without needing to log into multiple apps or manage various accounts. After a one-time registration with the ChargeHub app and activation of Seamless Charging, drivers will simply plug in at any Blink Charging Station, and walk away. Powered by connected vehicle data and events, Seamless Charging is a WirelessCar innovation that simplifies public charging, particularly for those without access at home. The solution utilizes information shared by both the vehicle and charging provider. When the EV is plugged in, the driver is notified that charging has started—automatically and without cards, apps, or additional steps. The result is a radically more convenient EV charging experience, powered by connectivity. "At WirelessCar, we're committed to making the connected vehicle experience effortless and intuitive," said Niklas Florén, CEO of WirelessCar. "Seamless Charging is a powerful example of how we turn vehicle data into everyday convenience—by removing friction from public EV charging. We're proud to collaborate with Blink and ChargeHub to bring this innovation to EV drivers across North America." "We're thrilled to collaborate with WirelessCar and ChargeHub to bring the innovative 'Seamless Charging' pilot concept to North America," said Mike Battaglia, CEO of Blink "This project is about improving accessibility and convenience for EV drivers, ensuring a smooth transition to electric mobility." Simon Ouellette, CEO of ChargeHub added, "Our mission at ChargeHub is to help drivers find and seamlessly pay at charging stations. We connect every part of the EV ecosystem to make this a reality. We're excited to collaborate with WirelessCar and Blink on the innovative 'Seamless Charging' pilot concept in North America." Media Contact: Hanna BelleusVP Marketing & Communications WirelessCar+46 428 88 84 This information was brought to you by Cision The following files are available for download: Seamless Charging - WirelessCar x Blink x ChargeHub View original content: SOURCE WirelessCar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Automotive
- Yahoo
Blink Charging Announces Workforce Reduction to Accelerate BlinkForward Initiative and Strengthen Global Market Position
EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan Bowie, MD, May 19, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ('Blink' or the 'Company'), a leading global owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and services, today announced a strategic restructuring plan designed to accelerate its BlinkForward objectives, enhance operational efficiencies, and position the Company for sustained long-term growth and profitability in the evolving global market. The core of this plan includes a difficult but necessary reduction of the Company's global workforce by approximately 20%. This action is designed to streamline operations, enhance agility, and align resources with the Company's BlinkForward strategic priorities. These adjustments are anticipated to result in annualized savings of more than $11 million. The Company estimates it will incur between $1 million and $1.5 million of related costs, consisting of cash severance, other severance benefits, and other related restructuring costs. The workforce reduction is expected to be completed by the end of 3Q25. The BlinkForward initiative represents Blink's commitment to innovation, efficiency, and a resilient future. By realigning its operational structure, the Company is taking decisive steps to build a more focused and agile organization, capable of rapidly responding to market dynamics and capitalizing on future growth opportunities. These measures are specifically designed to advance the BlinkForward vision, which prioritizes sustainable innovation, customer-centric solutions, and enhanced shareholder value. "Today's decisions, while challenging, are crucial for propelling our BlinkForward strategy and ensuring the long-term success of Blink," said Mike Battaglia, Blink's President & CEO. "We are deeply grateful for the contributions of our departing colleagues and are committed to supporting them through this transition. This restructuring is a proactive step to build a more efficient and robust organization, better aligned with our strategic goals and poised to lead in the next phase of our growth.' Blink Charging is committed to ensuring a seamless transition and will provide severance packages, outplacement services, and other forms of support to eligible affected employees. 'We are confident that this strategic realignment, under the banner of the BlinkForward initiative, will strengthen our competitive positioning, improve financial performance, and create a solid foundation for future innovation and market leadership,' added Battaglia.
Vox
23-04-2025
- Automotive
- Vox
The gas station of the future is not what you think
is a senior technology correspondent at Vox and author of the User Friendly newsletter. He's spent 15 years covering the intersection of technology, culture, and politics at places like The Atlantic, Gizmodo, and Vice. There's a bodega on the corner where I live in Brooklyn with a massive TikTok following and a thick cable almost always stretched out the front door and plugged into a Tesla. In a tiny parking lot around the corner, the local grocery store has a fast charger that looks like a mini gas pump. The parking garage down the hill has a line of public chargers. Brooklyn looks different than the rest of America, but this mix of solutions for fueling up our battery-powered cars highlights an increasingly obvious fact about the future. As we continue to transition to electric vehicles, the gas station of the future won't just be those big pavilions on the roadside with 20-foot-tall signs bearing an oil company's logo. You'll probably be able to buy fossil fuels at gas stations for decades, but you'll also be able to charge your EV very quickly. And those familiar fueling destinations won't be the only place you can charge. The future of EV charging is already here. It's everywhere and sometimes not where you'd expect it. There are already hundreds of thousands of chargers in people's garages, in supermarket parking lots, in national parks, and yes, even in old-fashioned gas stations. In the near future, if you drive an EV, you won't worry about finding a place to charge your car. You'll get to choose between multiple experiences, based on your needs and desires, and you won't even need to open an app or get out a credit card to charge up and get on your way. This forecast probably sounds a little bit fantastic in light of recent developments. The Trump administration suspended the rollout of the National Electric Vehicle Infrastructure (NEVI) Formula Program, which was established by the 2021 Bipartisan Infrastructure Law and apportioned $5 billion for states to build public EV chargers. The goal was to ensure there were charging stations at least every 50 miles on certain corridors, especially those in rural or low-income areas. Several people in the EV charging industry told me that, with or without federal funds, progress in the charger space can't be stopped. That should be good news to EV owners or potential EV owners who worry that they might end up stranded on the side of the road because they couldn't find a charger before their battery dies — a condition commonly known as 'range anxiety.' 'Every single day that goes by, there's more and more public charging infrastructure that goes in the ground, literally every single day,' Mike Battaglia, CEO of Blink Charging, told me. 'So each day that goes by, there is less and less range anxiety.' There are currently over 210,000 EV charging stations in the United States, and that number was growing by about 1,000 per week towards the end of the Biden administration. (Those numbers still pale in comparison to the 1 million-plus gas pumps currently in operation.) The NEVI program aimed to get 500,000 public chargers online by 2030. Of course, exactly where those chargers are and how easy it is to use them matter a lot. The infrastructure buildout has historically focused on getting EV chargers built in affluent suburbs and along highways, leaving city centers and rural areas largely unserved. This inequality is worsening over time, according to a recent study led by the Department of Energy. That said, the vast majority of EV owners — 80 percent — have the ability to charge their vehicles at home, which complicates the question of how to build out America's EV charging infrastructure. If you own an EV or are thinking about getting one, the main thing you need to know is that you'll probably do most of your charging at home. The gas station of the future is effectively your garage or your driveway. The cost per mile of range will vary depending on your local utility rates, but it's safe to say charging at home is cheaper than charging on the go and, for most people, much cheaper than buying gas. EV chargers fall into three categories: level 1, level 2, and level 3. A level 1 charger plugs into a regular 120-volt wall outlet and charges slowly, like two to five miles of range per hour. A level 2 charger requires a 240-volt outlet, like the kind a washer-dryer uses, and provides 20 to 30 miles of range per hour. On average, a one-vehicle household drives about 50 miles per day, so charging overnight with either a level 1 or level 2 charger is probably sufficient. 'It's way easier than actually going to a gas station,' said Ingrid Malmgren, senior policy director at Plug In America, an EV advocacy group. 'People who charge it at home very rarely charge publicly, usually just on road trips.' When you do go on road trips, you'll probably encounter level 3 chargers, also known as DC fast chargers. These beasts use higher voltages, usually 400 or 800 volts, to pump EV batteries from a 10 percent charge up to 90 percent in about half an hour. This is as close as it gets to the present-day gas station solution, where you can pull off the road, plug in your car, grab a sandwich, and then get on your way with plenty of charge. Fully charging an EV with a DC fast-charger should still be a fraction of the cost of filling a car with gasoline — although you might end up spending more in the convenience store while you wait. There are a couple of other variables you'll encounter when venturing out into the world to charge an EV. First of all, not all EVs use the same kind of plug. The North American Charging Standard (NACS) plug, originally designed by Tesla, is quickly becoming, as the name suggests, the standard in North America as more and more carmakers adopt the style. Otherwise, most non-Teslas in the US will use Combined Charging System (CCS) plugs that can be made compatible with NACS charging stations thanks to an adapter. This standardization is simplifying the search for a compatible charging station. With NACS becoming the primary plug-in use, more and more drivers can use not only Tesla Superchargers but also growing networks of chargers made by companies like ChargePoint, Blink, Electrify America, and EV Connect. Even paying for a charge is getting streamlined thanks to software updates that are popularizing an international encrypted communication standard colloquially known as Plug and Charge. As the name implies, at stations with this feature, you simply plug in your EV, and the station recognizes your car and charges your payment option of choice. There's no need to download an app or tap a credit card. Related The first electric minivan will change the way you think about EVs It's very likely you will have this fast charging experience at a place that also sells gas and diesel. Many fossil fuel companies see the writing on the wall and are investing in EV charging infrastructure for all your energy needs. Shell has its Shell Recharge Brand, BP has BP Pulse, Pilot and Flying J have GM Energy co-branded stations. This is just good business sense. If people are already used to going to the gas station, why not provide their fuel of choice when they switch to an EV? And this year, EVs will account for 10 percent of all new vehicles sold in the US this year, according to Cox Automotive. Things could get even more interesting as the EV market grows and the need to keep giant tanks of explosive fossil fuels underground fades away. Those big holes in the ground could be filled with battery storage, and those familiar pavilions that keep drivers dry as they fill up their vehicles could be covered in solar panels. This type of design could turn EV charging stations into their own little power plants, where solar energy fills up those batteries, which contribute to grid stability as EVs draw large amounts of power. Electrify America has already opened one hub with this concept in mind and has ambitious plans to deploy more than 150 onsite battery systems nationwide. As exciting as these futuristic gas stations sound, however, your best bet is almost certainly to find a way to charge your car at home and probably overnight. Then try to remember that you're probably going to drive less than you thought the next day. Range anxiety is real, but it's also irrational. 'The mindset of 'I need a vehicle that can do 400 miles and be recharged in 10 minutes.' That has to change,' John Eichberger, executive director of the Transportation Energy Institute, told me. After all, most people don't drive 400 miles in a week, much less a day. And once you start driving an EV, you'll also start spotting charging stations everywhere. The parking garage down the hill, the local grocery store, the bodega on the corner — everywhere I turn in my Brooklyn neighborhood, there's a place to plug in. Now if I only had an EV.
Yahoo
02-04-2025
- Business
- Yahoo
Q4 Rundown: Blink Charging (NASDAQ:BLNK) Vs Other Renewable Energy Stocks
As the Q4 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the renewable energy industry, including Blink Charging (NASDAQ:BLNK) and its peers. Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against 'dirty' energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects. The 17 renewable energy stocks we track reported a mixed Q4. As a group, revenues missed analysts' consensus estimates by 4.6% while next quarter's revenue guidance was 0.6% above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 16.3% since the latest earnings results. One of the first EV charging companies to go public, Blink Charging (NASDAQ:BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services. Blink Charging reported revenues of $30.18 million, down 29.3% year on year. This print fell short of analysts' expectations by 5.2%. Overall, it was a slower quarter for the company with a significant miss of analysts' adjusted operating income estimates. 'We are focused on achieving profitability and expanding our charging network globally. Our flexible business models, advanced software and network, and portfolio of diverse charging solutions position us as a charging infrastructure leader,' commented Mike Battaglia, President and Chief Executive Officer of Blink Charging. The stock is up 1.1% since reporting and currently trades at $0.91. Is now the time to buy Blink Charging? Access our full analysis of the earnings results here, it's free. Working in stealth mode for eight years, Bloom Energy (NYSE:BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation. Bloom Energy reported revenues of $572.4 million, up 60.4% year on year, outperforming analysts' expectations by 12.8%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Bloom Energy scored the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 8.5% since reporting. It currently trades at $21.06. Is now the time to buy Bloom Energy? Access our full analysis of the earnings results here, it's free. Founded in 1968, TPI Composites (NASDAQ:TPIC) manufactures composite wind turbine blades and provides related precision molding and assembly systems. TPI Composites reported revenues of $346.5 million, up 16.7% year on year, falling short of analysts' expectations by 5%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts' expectations. As expected, the stock is down 47% since the results and currently trades at $0.77. Read our full analysis of TPI Composites's results here. The most prominent EV charging company during the COVID bull market, ChargePoint (NYSE:CHPT) is a provider of electric vehicle charging technology solutions in North America and Europe. ChargePoint reported revenues of $101.9 million, down 12% year on year. This number missed analysts' expectations by 1.4%. Taking a step back, it was still a strong quarter as it put up a solid beat of analysts' EBITDA estimates. The stock is down 7.6% since reporting and currently trades at $0.61. Read our full, actionable report on ChargePoint here, it's free. With its name deriving from a combination of 'generating' and 'AC', Generac (NYSE:GNRC) offers generators and other power products for residential, industrial, and commercial use. Generac reported revenues of $1.23 billion, up 16.1% year on year. This result lagged analysts' expectations by 0.7%. More broadly, it was actually a very strong quarter as it logged an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' EPS estimates. The stock is down 11.7% since reporting and currently trades at $125.17. Read our full, actionable report on Generac here, it's free. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
