ABB signs licensing agreement with ECOtality to utilise EV charging network
The Blink Network is an operating platform that enables EV charging providers to integrate with utilities and other third parties to facilitate data exchange, utility services, energy management, media communications, and membership and payment programs. It provides EV drivers the freedom to travel as they choose and charge at Blink enabled commercial locations along the way.
Concurrently, ABB made a follow-on investment in ECOtality of $5m in the form of convertible debt. This investment follows the $14m venture capital investment ABB made in the company in 2011.
ABB’s EV infrastructure portfolio was strengthened last year following the acquisition of Netherlands-based Epyon, a manufacturer of charging infrastructure solutions, including DC fast charging systems and associated back-office systems which can be connected to various Business-to-Consumer service platforms such as the Blink Network.For more of the latest industry news, click here.