Beam Global Receives $4.8M Order from U.S. Department of Homeland Security for Sustainable EV Charging Infrastructure Products
- Significant order from the U.S. Department of Homeland Security for Beam Global's sustainable off-grid charging systems
- Deployment of the charging systems to various DHS component agencies across 13 states
- Transition of the federal fleet to zero-emission vehicles by 2035, accelerating the adoption of clean and zero-emission vehicles for government fleets
- None.
Insights
The order from the U.S. Department of Homeland Security for Beam Global's EV ARC™ systems signifies a notable investment in sustainable infrastructure, which is likely to have a positive impact on the company's financials. The direct procurement through the GSA MAS Contract indicates a streamlined and potentially cost-effective process for the federal government, which could lead to further orders if the deployment proves successful.
The focus on energy resilience and disaster preparedness aligns with current trends in energy policy and infrastructure development. The fact that these systems are off-grid and flood-proof suggests a strategic move to ensure continuity of operations in adverse conditions, which is critical for national security agencies. This could set a precedent for other government agencies to follow, potentially expanding the market for Beam Global's products.
Moreover, the federal commitment to zero-emission vehicles (ZEVs) by 2035 underlines a growing market for EV infrastructure, which could benefit Beam Global in the long term. The company's positioning in this niche of renewable, resilient energy solutions could attract attention from other sectors seeking similar sustainable options.
The announcement reflects broader market trends towards electrification and sustainability. The deployment of Beam's off-grid charging systems across multiple states indicates a scalable demand for such technology. This could signal to investors and competitors alike that there is a viable and growing market for off-grid, renewable energy-powered infrastructure.
Beam Global's stock performance may see an uptick as a result of this news, as the market often responds positively to government contracts, especially from defense and homeland security sectors. The diversification of Beam's clientele to include various DHS component agencies enhances its market credibility and could lead to increased investor confidence.
The alignment of Beam Global's product offerings with Executive Order 14057 highlights the increasing influence of federal sustainability mandates on business operations and government procurement. This order, aiming for a federal fleet of zero-emission vehicles by 2035, is a significant driver for change in the transportation and energy sectors.
By investing in Beam's sustainable charging solutions, the DHS is not only complying with federal sustainability goals but also promoting the growth of clean energy industries and jobs, as stated in the EO. This could encourage similar initiatives in the private sector, leading to broader environmental benefits and possibly influencing environmental policy at state and local levels.
SAN DIEGO, Jan. 23, 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, today announced that the U.S. Department of Homeland Security (DHS) has ordered 47 Beam EV ARC™ sustainable off-grid charging systems and 16 ARC Mobility™ trailers to enable efficient transportation of the products. The EV ARC™ systems will be deployed to the Federal Emergency Management Agency (FEMA), Customs Border Patrol (CBP), Coast Guard (USCG), Federal Law Enforcement Training Centers (FLETC) and Secret Service (USSS).
Executive Order (EO) 14057, Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, prioritizes federal investment in energy-resilient infrastructure for EV charging, powered by locally produced and delivered renewable energy for America’s next-generation electricity supply. The purchase was made through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing.
The DHS charging systems will be deployed in Alabama, Arizona, Connecticut, Florida, Georgia, Louisiana, Massachusetts, Maryland, Missouri, New Mexico, South Carolina, Texas, Virginia and West Virginia. The Beam EV ARC™ systems are off-grid and powered by renewable energy, generating and storing their own clean electricity. Each system is deployed with no construction, no electrical work, no utility connection and is delivered as a turnkey sustainable charging solution. Because EV ARC™ systems are flood-proof to 9.5 feet, wind-rated to 160 mph and continue to provide electricity during blackouts, they are particularly well suited to provide disaster preparedness for DHS component agencies. The ARC Mobility™ trailer is a specialized hydraulic transport system designed to efficiently relocate EV ARC™ charging systems without the requirement for any other equipment or site work.
“Disaster preparedness and energy resiliency are imperative for national security. Rapidly deployed, off-grid EV ARC systems provide sustainable charging for federal fleet EVs and vital electricity for DHS personnel and first responders, which is always important but especially so during emergencies or power outages,” said Desmond Wheatley, Beam Global CEO. “Beam Global’s sustainable EV charging solutions create American manufacturing jobs to produce products that serve zero emission transportation and emergency power with
The federal fleet is comprised of approximately 657,500 vehicles. Executive Order 14057 with its accompanying Federal Sustainability Plan calls for
Beam products can be procured through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing.
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 Twitter.
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A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d5fdce9-d3f8-477b-bf54-bc13b5a30b71
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ff7783e-bc24-454f-a0e1-8ad6ca589eeb
FAQ
How many Beam EV ARC™ sustainable off-grid charging systems did the U.S. Department of Homeland Security order?
What is the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number for Beam products procurement?
How many states will the DHS charging systems be deployed in?
What is the purpose of the ARC Mobility™ trailers ordered by the U.S. Department of Homeland Security?
What is the goal of the federal fleet's transition to zero-emission vehicles by 2035?
