Blink Charging explores energy storage to support profitability drive

Blink Charging is considering entering the energy storage business as part of its strategy to reach profitability, according to The Business Journals. The US operator has not disclosed specific investment figures or timelines for the potential storage venture. The move reflects a broader industry trend of CPOs diversifying revenue streams beyond charging hardware and services.

Why it matters: Energy storage can help CPOs manage demand charges, provide grid services and unlock new revenue, making it a strategic lever for operators under pressure to improve unit economics. Blink's exploration signals that even mid-tier networks are looking beyond charging fees to close the gap to profitability.