Beam Global Launches BeamSpot™ Curbside EV Charging Product Line
Beam Global (Nasdaq: BEEM) has launched BeamSpot™, a sustainable curbside EV charging solution that integrates with existing streetlight infrastructure. This patented system combines solar, wind, and utility-generated electricity into proprietary integrated batteries, providing resiliency, lighting, and EV charging.
BeamSpot™ is designed for public use in areas where EV charging is most needed but traditional installation methods are challenging, such as street parking, multi-unit housing communities, and public access complexes. The product aims to expand charging access while minimizing disruptive construction and electrical work. It can reduce installation time, cost, and complexity of expanding EV charging infrastructure, while also lowering utility costs and increasing grid resiliency.
Beam Global (Nasdaq: BEEM) ha lanciato BeamSpot™, una soluzione sostenibile di ricarica per veicoli elettrici (EV) a bordo strada che si integra con l'infrastruttura esistente dei lampioni. Questo sistema brevettato combina energia solare, eolica e elettricità fornita dalla rete in batterie integrate proprietarie, fornendo resilienza, illuminazione e ricarica per veicoli elettrici.
BeamSpot™ è progettato per l'uso pubblico nelle aree dove la ricarica per veicoli elettrici è più necessaria, ma i metodi di installazione tradizionali presentano sfide, come il parcheggio in strada, le comunità residenziali multifamiliari e i complessi di accesso pubblico. Il prodotto mira ad ampliare l'accesso alla ricarica minimizzando al contempo i lavori di costruzione e gli interventi elettrici che possono risultare invasivi. Può ridurre il tempo, il costo e la complessità dell'installazione dell'infrastruttura di ricarica per veicoli elettrici, abbassando anche i costi dell'energia e aumentando la resilienza della rete.
Beam Global (Nasdaq: BEEM) ha lanzado BeamSpot™, una solución de carga para vehículos eléctricos (EV) sostenible que se integra con la infraestructura existente de farolas. Este sistema patentado combina energía solar, eólica y electricidad generada por la red en baterías integradas patentadas, proporcionando resiliencia, iluminación y carga para EV.
BeamSpot™ está diseñado para uso público en áreas donde la carga de EV es más necesaria, pero los métodos de instalación tradicionales son desafiantes, como el estacionamiento en la calle, comunidades de vivienda multifamiliar y complejos de acceso público. El producto tiene como objetivo ampliar el acceso a la carga mientras minimiza la construcción disruptiva y el trabajo eléctrico. Puede reducir el tiempo, costo y complejidad de la instalación de la infraestructura de carga de EV, mientras también disminuye los costos de servicios públicos y aumenta la resiliencia de la red.
빔 글로벌(나스닥: BEEM)이 기존 가로등 인프라와 통합된 지속 가능한 도로변 전기차(EV) 충전 솔루션인 BeamSpot™을 출시했습니다. 이 특허받은 시스템은 태양광, 풍력 및 유틸리티 전기를 독자적인 통합 배터리에 결합하여 회복성, 조명 및 EV 충전을 제공합니다.
BeamSpot™은 EV 충전이 가장 필요한 지역에서 공공 사용을 위해 설계되었으나 전통적인 설치 방법이 도전적인 상황에서 유용합니다. 도로 주차, 다세대 주택 커뮤니티 및 공공 접근 복합 단지에서의 사용이 가능합니다. 이 제품은 충전 접근성을 확대하고 불필요한 건설 및 전기 작업을 최소화하는 것을 목표로 합니다. 이 시스템은 설치 시간, 비용 및 복잡성을 줄이면서 유틸리티 비용을 낮추고 전력망의 회복성을 증가시킬 수 있습니다.
Beam Global (Nasdaq: BEEM) a lancé BeamSpot™, une solution de recharge de véhicules électriques (EV) durable, intégrée à l'infrastructure existante des lampadaires. Ce système breveté combine énergie solaire, éolienne et électricité du réseau dans des batteries intégrées propriétaires, offrant ainsi résilience, éclairage et recharge de véhicules électriques.
BeamSpot™ est conçu pour un usage public dans des zones où la recharge des véhicules électriques est la plus nécessaire, mais où les méthodes d'installation traditionnelles sont problématiques, comme le stationnement en bord de rue, les communautés de logements collectifs et les complexes d'accès public. Ce produit vise à étendre l'accès à la recharge tout en minimisant les travaux de construction et d'électricité intrusifs. Il peut réduire le temps, le coût et la complexité de l'installation des infrastructures de recharge pour véhicules électriques, tout en abaissant également les coûts de l'énergie et en augmentant la résilience du réseau.
Beam Global (Nasdaq: BEEM) hat BeamSpot™ auf den Markt gebracht, eine nachhaltige EV-Ladestation für den Straßenrand, die sich in die bestehende Straßenbeleuchtungsinfrastruktur integriert. Dieses patentierte System kombiniert Solar-, Wind- und netzgestützte Elektrizität in proprietären integrierten Batterien und bietet Resilienz, Beleuchtung und EV-Ladung.
BeamSpot™ wurde für die öffentliche Nutzung in Bereichen entwickelt, in denen EV-Ladung am dringendsten benötigt wird, es jedoch Schwierigkeiten gibt, traditionelle Installationsmethoden umzusetzen, wie z. B. bei Straßenparkplätzen, Mehrfamilienhäusern und öffentlichen Zugangskomplexen. Das Produkt zielt darauf ab, den Zugang zur Ladung zu erweitern, während störende Bauarbeiten und Elektroinstallationen minimiert werden. Es kann die Installationszeit, die Kosten und die Komplexität beim Ausbau der EV-Ladeinfrastruktur reduzieren und gleichzeitig die Energiekosten senken und die Belastbarkeit des Netzes erhöhen.
- Launch of innovative BeamSpot™ curbside EV charging product line
- Integration with existing streetlight infrastructure reduces installation costs and complexity
- Combines multiple renewable energy sources with onboard battery storage
- Addresses growing demand for EV charging in challenging urban environments
- Potential to tap into a large addressable market of 304 million streetlights worldwide
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Insights
Beam Global's launch of BeamSpot™ represents a significant innovation in EV charging infrastructure. This product cleverly integrates with existing streetlight infrastructure, addressing a major hurdle in urban EV adoption. The combination of solar, wind and utility power with proprietary battery storage offers a resilient and sustainable solution.
The potential market is vast, with an estimated 304 million streetlights worldwide, expected to grow to 352 million by 2025. This presents a substantial opportunity for Beam Global to capture market share in densely populated areas where traditional charging installations are challenging.
However, the success of BeamSpot™ will depend on factors such as installation costs, charging speeds and adoption rates by municipalities. While innovative, the product will face competition from established charging infrastructure providers and emerging technologies.
BeamSpot™ offers a clever solution to the urban planning challenges associated with EV charging infrastructure. By utilizing existing streetlight foundations and circuits, it minimizes disruptive construction and preserves valuable urban space. This approach aligns well with smart city initiatives and the push for greener urban mobility solutions.
The product's ability to generate and store renewable energy could potentially reduce strain on local power grids and enhance resilience during blackouts. This dual functionality as both lighting and charging infrastructure could make it an attractive option for budget-conscious municipalities looking to modernize their urban environments efficiently.
However, the effectiveness of this solution may vary depending on local regulations, existing infrastructure quality and climate conditions affecting renewable energy generation.
The launch of BeamSpot™ positions Beam Global (NASDAQ: BEEM) to tap into the growing EV infrastructure market. With the global push towards electrification, this product could drive significant revenue growth. The acquisition of Amiga DOO enhances Beam's market reach, potentially accelerating adoption in both the U.S. and Europe.
However, investors should consider that the company's success hinges on factors such as production scalability, pricing strategy and competition from established players. While the addressable market is large, the rate of municipal adoption and the product's performance in real-world conditions will be crucial.
Financially, the impact on Beam Global's bottom line will depend on margins, installation costs and the speed of market penetration. Investors should monitor upcoming quarterly reports for indications of BeamSpot's contribution to revenue and profitability.
BeamSpot™ sustainable curbside EV charging solution integrates with existing streetlight infrastructure and addresses the growing demand for EV charging where people need it most
SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the official launch of the patented BeamSpot™ sustainable curbside electric vehicle (EV) charging infrastructure system. The streetlight replacement combines solar, wind and utility-generated electricity into Beam Global’s proprietary integrated batteries to provide resiliency, lighting and curbside EV charging. BeamSpot™ products are intended for public use in areas where EV charging is needed most but traditional installation methods are most challenging, including on street parking environments, communities with multi-unit housing and public access complexes such as shopping centers, airports, event centers, stadiums and amusement parks.
Last year Beam Global announced the creation of Beam Europe through the acquisition of Amiga DOO, one of Europe’s leading manufacturers of streetlights. One of the many benefits of the acquisition was the enhancement of Beam Global’s ability to bring the BeamSpot™ product to market in both Europe and the U.S.
“We believe our BeamSpot product line will solve real problems both in America and in Europe: expanding access to charging where people need it most, at the curb on the street and in parking lots," said Desmond Wheatley, CEO of Beam Global. “Areas with the most EVs often face significant challenges in deploying infrastructure and managing increased electricity demand. Traditional charging infrastructure can be costly and disruptive to install, often requiring significant modifications to existing public spaces. BeamSpot charging stations minimize the need for disruptive construction and electrical work while providing access to charging where people live, shop, dine, work and play. And because BeamSpot generates and stores renewable energy it will add robust capacity and reduce the threat from blackouts, without the need to build power stations and transmission and distribution infrastructure.”
Using existing streetlight foundations and circuits to power EV charging stations is an innovative approach to expanding EV charging infrastructure but streetlights generally only have sufficient power to energize light bulbs – much less than is needed to provide meaningful charges to electric vehicles. BeamSpot™ replaces existing streetlights with a product that combines multiple sources of renewable energy and onboard battery storage, providing a meaningful EV charging experience without requiring new or upgraded utility-grid circuits or other traditional curbside charging infrastructure requirements like trenching, construction, easements, leasing or complex permitting. BeamSpot™ can reduce the time, cost and complexity of expanding EV charging infrastructure while lowering utility costs, increasing resiliency and balancing the grid.
There are an estimated 304 million streetlights around the world, with this number expected to grow to 352 million by 2025. This represents a significant addressable market opportunity to integrate BeamSpot™ EV charging infrastructure, especially in densely populated areas. In addition, many cities are pushing towards greener and smarter urban mobility solutions, but do not have the space or electrical circuitry required to install new charging stations. By simply replacing existing streetlights with BeamSpot™ systems, EV charging can be added without taking up additional real estate on sidewalks or in parking lots.
The BeamSpot™ system adds to Beam Global’s growing array of sustainable EV charging infrastructure solutions. To learn more about Beam Global products visit BeamForAll.com.
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. Beam Global is headquartered in San Diego, CA with facilities in Chicago, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/21b74d1b-bb7f-4df2-9ec1-46f0124bd7e1
FAQ
What is BeamSpot™ and how does it work?
Where can BeamSpot™ charging stations be installed?
What are the advantages of BeamSpot™ over traditional EV charging infrastructure?
How does BeamSpot™ contribute to grid resiliency?
