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Blink Charging and Chakratec to Receive $900,000 Grant from the BIRD Energy Program for Development of DC Fast Charging Solution that will be Uninhibited by the Current State of U.S. Power Grids
Blink and Chakratec to begin R&D project dedicated to bringing affordable DC Fast Charging to rural areas with weak power grids and high traffic areas with
About this update from Blink Charging Co.
[{"type":"text","content":"Blink and Chakratec to begin R&D project dedicated to bringing affordable DC Fast Charging to rural areas with weak power grids and high traffic areas with limited capacity on their power grids\n Miami Beach, FL, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK, BLNKW), announced today the approval of the Israel-U.S. Binational Industrial Research and Development (BIRD) Energy Program’s match-funding for the Blink and Chakratec project for affordable, everyday DC fast-charging solutions, “Boosting EV Charging through Energy Storage System.” The BIRD Energy Program is funded by the U.S. Department of Energy and Israel’s Ministry of Energy together with the Israel Innovation Authority. Blink Charging, founded in 2009, is partnering with Chakratec, an Israeli eMobility company, to bring a robust DC fast charging solution to the United States which can be deployed virtually anywhere, regardless of the location’s existing power grid capabilities. Today, DC Fast Chargers (50kW, 175kW, 350kW, and higher) provide the fastest electric vehicle (EV) charging speeds, making these high-power charging solutions only attainable in locations with sufficient grid power. Upgrading grid infrastructure is extremely costly. Even for cities that can afford the upgrade, the process can be sluggish, with an arduous approval processes, with various regulatory and bureaucratic procedures. Accordingly, most roads in the United States are unable to take advantage of DC fast charging technology, which can heighten EV driver range anxiety for long-distance travel. The Blink and Chakratec project is expected to introduce cutting-edge DC fast charging technology to the United States that utilizes a kinetic energy storage system. This will enable high-power charging, serving many EVs daily without straining the grid, and avoiding increased “high demand” charges from utility companies. The proprietary technology is chemical-free, environmentally friendly, and able to complete a full charging cycle within just twenty minutes. The project facilitates the deployment of DC Fast Chargers nationwide, regardless of the location’s current grid status, without the need for costly upgrades. All of the DC Chargers will be connected to the Blink Network, which provides a comprehensive and easy-to-use service experience for drivers. The technology will enab...