Blink Charging and the Eunice Energy Group form JV to serve the European EV charging market

Blink Charging Co., an owner, operator and provider of electric vehicle (EV) charging station products and networked EV charging services, has signed an agreement with the Eunice Energy Group (EEG) to establish a joint venture (JV) with the purpose of targeting the European EV Charging markets, starting with Greece.

The Eunice Energy Group (EEG) is one of the leading providers of renewable energy in Greece. Since its establishment in 2001, EEG has been a pioneer in advancing the creation and development of new activities in the renewable energy sector. These activities cover a full range of projects dealing with the design, development, implementation, and operation of renewable energy solutions.

Blink Charging Europe Ltd. (“Blink Europe”), the JV entity, was formed with the purpose of leveraging Blink's EV products, network, technology, and experience within the EV charging space alongside EEG's position and financial abilities to expand the charging infrastructure in Greece and other European countries.

Sales of Plug-in vehicles have continued to accelerate across Europe with a year-over-year increase of 33% in 2018 with over 400,000 vehicles sold. These plug-in vehicles need a place to charge and Blink Europe wants to ensure that every European EV driver's charging needs are met. Establishing Blink Europe continues Blink's global expansion strategy and provides Blink with access to the European markets during a time of rapid expansion for the EV Charging industry.

“This joint venture to target the EV charging market in Greece comes at a critical time for the country,” stated Blink's Founder and Executive Chairman Michael D. Farkas. He continued, “Greece was recently rated near the bottom of the EU list for electric vehicle preparedness. This was primarily due to its lack of charging infrastructure and we are excited to work within this JV to build the charging infrastructure and expand the availability of charging ports in Greece.”

“We welcome Blink Charging in Greece as well as the joint venture (JV) for Europe. Our aim is the expansion of the technology of Blink all over Europe starting from Greece and innovating in such way that the entire Greek Blink Charging Network will be powered by Green Energy produced by the Eunice Energy Group (EEG) with a guarantee of origin G.O.” stated EEG's Founder and Executive Chairman George I. Kalavrouziotis.