Here's a deal that's charging up the European EV infrastructure game. Blink Charging (BLNK) announced on Wednesday it's teaming up with Korian Belgium to roll out electric vehicle charging stations across the country. Think of it as building a highway rest stop network, but for elderly care facilities.
The plan? Deploy more than 200 Blink-owned chargers at 90 different Korian locations. That's enough to create what they're calling one of the largest EV charging networks in Belgium's elderly care sector. It's not just for the staff either—these stations will serve employees, residents, visitors, and even folks from the surrounding communities.
Now, here's the clever part about the business model. Blink is using its fully financed setup. That means Korian gets to expand its EV infrastructure without any upfront costs. Instead, Blink covers the investment and then generates recurring revenue from the charging sites. Blink also handles the whole lifecycle: installation, operation, maintenance, and customer support. It's a classic "you provide the real estate, we'll provide the power" arrangement.
Three sites are already up and running. The broader rollout will happen in phases, with the whole project expected to wrap up by 2026. And if you're wondering about the neighborhood, a similar deployment is apparently on the drawing board for Korian's locations in the Netherlands too.
