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    BEEM   US07373B1098


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Beam Global : Off-Grid EV Chargers Now In 100 + Municipalities

12/01/2021 | 06:51am EST

It was just in May 2021 that I had the privilege to interview Beam Global's CEO, Desmond Wheatley, about a then-recent order from the state of California for 52 off-grid solar-power EV chargers. Each Beam Global EV charging unit has a 4.3 kilowatt solar array and up to 44kWh of battery storage.

Typically news about EV chargers is about those that are on-grid and permanently installed, but there are also off-grid EV chargers for situations such as natural disasters and power outages. They can also operate in remote, isolated conditions. Beam Global recently announced it has its EV chargers operating in sites around the world. Mr. Wheatley answered some questions about the expansion for CleanTechnica.

How many renewable energy EV charging systems have you sold so far, and where are they located?

EV ARC™ solar-powered EV charging systems have been deployed in over 100 municipalities and organizations in the US, and internationally in Spain, Brazil, Canada, and the Caribbean. New York City is our largest municipal customer with around 100 units deployed.

How long have you been selling them, and how have you managed to sell your EV charging stations to so many municipalities?

Beam Global was founded in 2006 and has pioneered clean, 100% renewable energy for EV charging and energy security long before it was popular. Based in San Diego, California, all of our products are Made in America, which is important to us and to our customers. We are not just creating exciting new clean technology, we are creating careers and business models that will carry us all forward. The EV ARC™, our primary EV charging product, requires no construction or electrical work and as a result has never needed any sort of permitting, meaning it is easily and rapidly deployed.


Desmond Wheatley, image credit: Beam Global

We also see cities and states that value the transportability of the EV ARC™ system, and that it can be swiftly redeployed depending on how a city needs to use the infrastructure. The City of Oakland, California, for example, redeployed some of their EV ARC™ systems to power COVID-19 emergency sites in April 2020.

The fact that our EV ARC™ systems are also disaster preparedness assets, providing EV charging and emergency power during blackouts, is another significant inducement to our customers' buying decision.

Who is your typical customer?

We work with a wide swath of customers, from federal and state government agencies looking for rapidly deployed, energy resilient EV charging systems to fuel their fleets, to local cities and towns looking for convenient and construction-less EV charging systems to private sector customers looking to provide EV charging to visitors, employees and tenants.

Recently, because we're an approved federal vendor, we're able to sell our products directly to federal government agencies and branches of the military looking to securely power their electric fleets and machinery. This past October, we received our first order from the US Marine Corps for 21 EV ARC™s that will be deployed across 14 different bases.

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

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Beam Global published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 11:50:04 UTC.

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Financials (USD)
Sales 2021 8,79 M - -
Net income 2021 -6,53 M - -
Net cash 2021 21,9 M - -
P/E ratio 2021 -19,5x
Yield 2021 -
Capitalization 128 M 128 M -
EV / Sales 2021 12,1x
EV / Sales 2022 5,32x
Nbr of Employees 29
Free-Float 84,4%
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 14,35 $
Average target price 44,50 $
Spread / Average Target 210%
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Desmond Wheatley Chairman, President & Chief Executive Officer
Katherine H. McDermott Chief Financial Officer
Anthony L. Posawatz Independent Director
Peter W. Davidson Independent Director
Nancy C. Floyd Independent Director
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