Ten Beam Global EV ARC™ Systems Deployed by County of San Diego

Rhea-AI Summary

Beam Global (BEEM) announced the deployment of 10 Beam EV ARC™ sustainable off-grid charging systems at public parks for public charging and county locations for fleet charging in San Diego. The systems are off-grid and powered 100% by renewable energy, offering a turnkey sustainable charging solution. The repeat purchase was made through the GSA MAS Contract Number 47QSWA21D0006, simplifying the federal procurement process and ensuring best pricing. The systems are flood resistant to 9.5’ and wind-rated to 160 mph for disaster preparedness. This expansion reflects the increasing importance of disaster preparedness and energy resiliency for government entities.

Insights

Market Research Analyst

The deployment of Beam EV ARC™ systems by the County of San Diego represents a strategic investment in sustainable infrastructure that caters to the growing demand for electric vehicle (EV) charging options. This move aligns with broader trends in the transportation sector, where there is a clear shift towards electrification, driven by consumer preferences and regulatory pressures aimed at reducing carbon emissions. The fact that these charging systems are off-grid and powered by renewable energy not only enhances their appeal to environmentally-conscious consumers but also demonstrates a commitment to energy security and independence.

From a market perspective, the expansion of Beam's EV ARC systems into public spaces such as parks indicates a potential for increased market penetration and diversification of customer base beyond government fleet services. This could signal a growing revenue stream for Beam Global and possibly influence its stock valuation positively. Additionally, the use of the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract for procurement suggests competitive pricing and ease of access for other government entities, potentially leading to further sales and broader adoption.

Energy Sector Analyst

Beam Global's provision of solar-powered charging systems to the County of San Diego underscores a pivotal transition in the energy sector towards decentralized, renewable energy solutions. The resilience features of the EV ARC™ systems, such as flood resistance and wind rating, exemplify the integration of disaster preparedness into energy infrastructure, which is increasingly important in the context of climate change. This resilience not only mitigates risk for the county's operations but also provides a critical service to the community during emergencies.

Given the rising intensity and frequency of climate-related emergencies, the investment in such infrastructure is likely to be viewed favorably by stakeholders concerned with long-term operational continuity and risk management. The Emergency Power Panel feature, which offers electricity to first responders, could be a significant value proposition, potentially influencing future government policies and investments in similar technologies. As a result, companies like Beam Global may experience enhanced interest and investment from both the public sector and environmentally-focused investors.

Sustainability Consultant

The adoption of Beam's EV ARC™ systems by the County of San Diego is a practical example of sustainable development in action, integrating environmental considerations into public infrastructure. The turnkey solution provided by Beam reduces the environmental impact typically associated with construction, as there is no need for digging or electrical work. This approach preserves the natural state of public parks and recreational areas, which is crucial for maintaining biodiversity and ecological balance.

Furthermore, the ability to charge EVs with renewable energy directly at the point of use reduces the carbon footprint of transportation, which is a significant contributor to greenhouse gas emissions. By providing a sustainable charging option, the county is not only facilitating the adoption of EVs but also promoting eco-friendly tourism and recreation. This initiative may serve as a model for other jurisdictions, potentially leading to widespread adoption of similar technologies and contributing to the overall reduction of carbon emissions in the transportation sector.

Systems are located at public parks for public charging and county locations for fleet charging

SAN DIEGO, Feb. 08, 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 County of San Diego has deployed 10 Beam EV ARC™ sustainable off-grid charging systems at public parks for public charging and at county locations for fleet charging. The repeat 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, and can be used by many state and local government entities for disaster recovery or preparedness purposes.

The Beam EV ARC™ systems are off-grid and powered 100% 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, saving the County time and the cost of lengthy construction projects. The Emergency Power Panel can offer first responders a source of vital electricity in emergencies or disasters and the systems are flood resistant to 9.5’ and wind-rated to 160 mph for disaster preparedness.

The public parks that now offer the solar-powered charging systems to visitors include:

• Heise County Park
• Lake Morena County Park
• Tijuana River Valley Regional Park
• William Heise County Park

“More municipalities, counties and state level agencies across the U.S. are expanding their purchases of EV ARC systems beyond fleet charging to also provide public charging,” said Desmond Wheatley, Beam Global CEO. “Parks, open spaces, recreational areas and environmentally sensitive locations are perfect sites for EV ARC systems which are rapidly deployed without digging up parks, closing public facilities for construction or disrupting the environment. EV drivers can park, plug in, play, and have the range they need to get home, driving on sunshine. The EV ARC also provides power for other uses in those locations which is useful all the time and vital during emergencies.”

Disaster preparedness and energy resiliency are becoming imperative for government entities as the intensity and frequency of climate-related emergencies are on the rise, disrupting communities, businesses and the governments that serve them. According to Climate Central U.S. data analysis, about 83% of reported power outages from 2000-2021 can be attributed to weather-related events, with the most recent decade from 2011-2021 experiencing 64% more major power outages than the previous decade, with an estimated $150B-$200B in costs to U.S. business every year.

GSA’s Disaster Purchasing Program expands purchasing beyond federal agencies and allows state and local governments to buy directly from GSA Schedules to facilitate disaster preparation, response or major disaster recovery. Available now, the next gen Beam products can be purchased by local, state and federal agencies off GSA Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the procurement process and ensures best pricing. Small, medium and large businesses can purchase the same disaster-rated products directly from Beam Global at BeamTeam@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. 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.

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, including, but not limited to the following statements: statements regarding the acquisition of Amiga, its expected benefits, and the anticipated future financial performance as a result of the acquisition. 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.

Media Contact:
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FAQ

What did Beam Global (BEEM) announce regarding the deployment of sustainable charging systems in San Diego?

Beam Global announced the deployment of 10 Beam EV ARC™ sustainable off-grid charging systems at public parks for public charging and county locations for fleet charging in San Diego.

How are the Beam EV ARC™ systems powered?

The Beam EV ARC™ systems are off-grid and powered 100% by renewable energy, generating and storing their own clean electricity.

Through which contract was the repeat purchase made?

The repeat purchase was made through the GSA MAS Contract Number 47QSWA21D0006, simplifying the federal procurement process and ensuring best pricing.

What are the disaster preparedness features of the EV ARC™ systems?

The systems are flood resistant to 9.5’ and wind-rated to 160 mph for disaster preparedness.

Why are public parks and county locations considered ideal sites for EV ARC systems?

Parks, open spaces, recreational areas, and environmentally sensitive locations are perfect sites for EV ARC systems as they can be rapidly deployed without disrupting the environment, offering EV drivers the range they need to get home, driving on sunshine.

Why is disaster preparedness and energy resiliency becoming imperative for government entities?

Disaster preparedness and energy resiliency are becoming imperative for government entities as the intensity and frequency of climate-related emergencies are on the rise, disrupting communities, businesses, and the governments that serve them.