Beam Global Granted U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy
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Insights
The introduction of a self-contained renewable inductive battery charger by Beam Global represents a significant step forward in electric vehicle (EV) charging technology. The ability to charge vehicles wirelessly aligns with the increasing consumer demand for convenience and the broader industry shift towards seamless integration of technology. From an electrical engineering standpoint, the integration of wireless power transmitters into the EV ARC™ system's ballast and traction pad is a sophisticated design choice that eliminates the need for additional infrastructure modifications, which can be both costly and disruptive.
Moreover, the efficiency of power transfer and the system's compatibility with various EV models will be critical factors in determining the success of this technology. Beam Global's approach also suggests potential reductions in long-term maintenance costs associated with physical charging connections, which could be a strong selling point for fleet operators. However, the actual efficiency rates of wireless charging compared to traditional methods will need to be closely examined, as any significant loss in transmission could affect the value proposition of the technology.
Beam Global's patent for wireless EV charging technology could disrupt the EV infrastructure market by offering a more convenient charging solution. The market for EV charging stations is expected to grow substantially as EV adoption increases and innovations that simplify the user experience have the potential to capture significant market share. The convenience factor of 'park and charge' without manual intervention could be particularly attractive to fleet operators, who manage large numbers of vehicles and can benefit from the automation of the charging process.
However, the market adoption will depend on the cost of the technology, the speed of charging compared to conventional methods and the rate at which EV manufacturers incorporate compatible wireless charging receivers into their vehicles. While the initial response may be positive, long-term success will be contingent upon these factors. Beam Global may need to form strategic partnerships with EV manufacturers to ensure widespread compatibility and adoption of their patented technology.
The granting of a new patent for wireless charging technology could have financial implications for Beam Global. Patents can provide a competitive edge by securing intellectual property rights, potentially leading to increased market share and revenue streams through licensing agreements or exclusive product offerings. The development of wireless charging solutions could also open up new markets and customer segments for Beam Global, including those who prioritize convenience and cutting-edge technology.
Investors will be interested in the company's ability to commercialize this patent effectively. They will look for indicators such as partnerships with EV manufacturers, investment in production capabilities and a clear go-to-market strategy. It is also important to monitor the cost implications of this technology, as it could affect the pricing strategy and profitability margins. While the patent is a positive development, its financial impact will depend on execution and market reception.
SAN DIEGO, March 19, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, has been granted another new patent by the United States Patent Office that covers the Company’s wireless charging technology, with the patent title Self-Contained Renewable Inductive Battery Charger.
The U.S. Patent Office granted Patent No. US 11,912,144 B2 for Beam Global’s wireless/inductive EV ARC™ that will have the capability of charging EVs wirelessly without the requirement to plug in a charging cable. The new product will be equipped with a wireless power transmitter which delivers electrical energy to charge the EV’s batteries through the air and is installed in the engineered ballast and traction pad of the EV ARC™ system. EV ARC™ products are ideal infrastructure solutions for inductive or wireless charging because the transmitters can be integrated into the product rather than requiring further disruptive construction and electrical work when installing a similar grid-tied transmitter into a parking space.
“The EV ARC is already the easiest and fastest deployed EV charging infrastructure solution. With this new patented technology a driver will have the ability to fuel a vehicle by doing no more than parking on the EV ARC. As an EV driver myself, I’m thrilled by the idea of powering my car with sunshine wirelessly and with no effort,” said Desmond Wheatley, CEO of Beam Global. “But the commercial implications of this technology are even more compelling. We believe that increasing numbers of EVs will be equipped with wireless charging receivers and fleet operators and public charging operators will seek efficient methods to deploy the transmitters without having to perform permitted construction and electrical work. The wireless EV ARC will provide that ease and efficiency.”
Wireless EV charging will allow fleet managers and consumers to feel confident that their vehicles never miss a charge because they have not been plugged in. Any operator using the patented wireless EV ARC™ will simply park on the EV ARC™ as usual. The wireless charge will commence automatically without further requirements for human intervention. To disengage the charging process, the vehicle operator will simply drive away.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).
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