Beam Global Adds to Growing List of Utility Customers
March 04 2021 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable technology for electric vehicle (EV)
charging, outdoor media and energy security, announced that a sixth
utility has purchased an EV ARC™ 2020 system to provide sustainable
off-grid EV charging for a pilot program aimed at assessing
solutions for current and future needs. The California based
utility joins Beam customers Baltimore Gas & Electric
(BG&E), San Diego Gas & Electric (SDG&E), Southern
Company/Georgia Power, Silicon Valley Power and Exelon Corporation.
Several large utilities have issued net-zero
emissions plans. For example, Duke Energy, the largest electricity
generator in the country, and Michigan-based DTE Energy have
pledged to be at net-zero emissions by 2050. Southern Company,
headquartered in Atlanta, is aiming for “low to no carbon” by
mid-century. And PSEG, based in New Jersey, says it will cut its
carbon 80 percent from 2005 levels by 2046, with “a vision” of net
zero by 2050. Utilities are looking at emerging solutions to reduce
their carbon footprints while addressing resiliency. Beam Global’s
solar-powered EV charging and emergency power products provide a
valuable tool towards utility’s long-term plans.
“We don’t compete with utilities, we provide them
with another tool to execute on their mission to deliver clean,
sustainable and reliable electricity to their customers,” said Beam
Global CEO, Desmond Wheatley. “All of our products are capable of
operating either independent of the grid or connected to it. As
each of us becomes increasingly reliant upon electricity,
especially with EV adoption, Beam products provide utilities with a
rapidly deployed solution which enhances grid stability and meets
their sustainability and resiliency goals. Utilities plan far into
the future and tread carefully where new technologies are concerned
as we have seen with the pilot stage deployments of EV ARC to date.
We are very confident in the efficacy of our products and happy to
be adding to our growing list of utility customers. We see them as
a significant source of future growth.”
On January 14, 2021 the California Public Utilities
Commission (CPUC) passed a decision that includes a newly
structured rate schedule for microgrids. Beam Global’s products
qualify as microgrids. The Company views the CPUC decision as an
important step towards increased adoption of off-grid technologies
by utilities.
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 https://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.
Media Contact: The Bulleit Group
BeamGlobal@BulleitGroup.com 415-742-1894
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