City of Lompoc CA Deploys Beam Global EV ARC™ Off-Grid EV Charging Systems for City Fleet Electrification Initiative

Rhea-AI Summary

Beam Global (Nasdaq: BEEM, BEEMW) announced the deployment of two solar-powered EV ARC™ charging systems in Lompoc, California. These systems, funded in part by the Santa Barbara County Air Pollution Control District, enable public access for up to four EVs without grid connection, ensuring rapid deployment and cost savings. The deployment aligns with California's $10 billion zero-emission vehicle initiative, promoting renewable energy and reduced reliance on fossil fuels. Beam Global emphasizes its leadership in sustainable EV charging solutions.

Positive

• Deployment of two solar-powered EV ARC™ charging systems enhances public EV charging infrastructure.
• The systems are funded partially by government grants, reducing costs.
• No grid connection reduces installation time and costs, providing long-term savings.
• Aligns with California's $10 billion zero-emission vehicle initiative, enhancing market position.

Negative

• None.

SAN DIEGO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the City of Lompoc in California has deployed two EV ARC™ solar-powered EV charging systems available for public use. The systems were partially funded by the Santa Barbara County Air Pollution Control District’s Clean Air Grants for Infrastructure program and were purchased through the California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing.

The City’s EV ARC™ systems are located at the Lompoc Valley Medical Center (LVMC) parking lot, located at 1515 East Ocean Ave, and fit in a standard parking space without reducing available parking. Each system has two charging plugs to provide public access to charge up to four EVs. Each EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent units include the Emergency Power Panel option for first responder use during grid outages and shutdowns.

“By offering high-tech, off-grid solutions for electric vehicle charging like the EV ARC, cities like Lompoc can help minimize our impact on the electric grid,” said Lompoc Mayor Jenelle Osborne. “I hope we see more cities and communities begin to adopt similar clean, renewable energy technologies in the years to come.”

Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets. Because there is no grid connection, EV charging systems are rapidly deployed, readily relocated and can be placed in locations where they are needed most.

“We are seeing more and more customers view rapid deployment and grid-impact as important when planning their EV charging infrastructure,” said Beam Global CEO Desmond Wheatley. “Federal, state and local governments are putting increasing emphasis on resilient EV charging as electricity becomes vital fuel for their communities and their fleet vehicles.”

In January California Governor Gavin Newsom outlined an historic $10 billion zero-emission vehicle (ZEV) package to accelerate the transition to zero-emission vehicles and fight climate change. This package is a critical part of Governor Newsom’s vision to forge an oil-free future. This $10 billion ZEV package builds on the State’s action to shift sales of new vehicles entirely to all electric by 2035, utilizing California’s leadership to accelerate the transition to zero-emission vehicles and dramatically reduce reliance on fossil fuels.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers' time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

Forward-Looking Statements

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Media Contact

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FAQ

What is the significance of Beam Global's deployment of EV ARC™ systems in Lompoc?

The deployment signifies an enhancement in public EV charging infrastructure, reducing reliance on the electric grid and promoting renewable energy.

Which government initiative partially funded the EV ARC™ systems in Lompoc?

The Santa Barbara County Air Pollution Control District's Clean Air Grants for Infrastructure program partially funded the systems.

How many electric vehicles can be charged simultaneously at the new EV ARC™ systems?

Each EV ARC™ system can charge up to four electric vehicles simultaneously.

What is the potential impact of California's $10 billion zero-emission vehicle initiative on Beam Global?

The initiative may enhance Beam Global's market position by promoting the adoption of sustainable EV charging solutions.

What are the stock symbols for Beam Global?

Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW.