Beam Global Announces Record Orders for Energy Storage Solutions in Early 2025
Rhea-AI Summary
Beam Global (NASDAQ: BEEM) has reported record-breaking growth in energy storage solutions (ESS) sales for early 2025. The company's contracted ESS orders in the first two months of 2025 have surged to nearly triple the volume compared to Q1 2024, marking a 200% increase.
The growth is attributed to increasing industry adoption of Beam's ESS technology, featuring bespoke designs, enhanced safety features, and smart battery management systems (BMS). The company's AllCell™ energy storage solutions utilize patented PCC™ technology, offering increased power capacity in a more compact and lighter battery format, while providing superior thermal management capabilities.
CEO Desmond Wheatley noted that while battery sales represent a modest portion of revenue compared to other products, the significant order growth demonstrates the success of their diversification strategy, particularly amid EV charging market uncertainties.
Positive
- Record 200% growth in ESS orders in early 2025 vs Q1 2024
- Successful geographic expansion into European markets
- Product diversification strategy showing positive results
- Strong market adoption of proprietary battery technology
Negative
- Battery sales revenue remains relatively modest compared to other product lines
SAN DIEGO, March 06, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a record-breaking increase in energy storage solutions (ESS) sales. Contracted orders in the first two months of 2025 are nearly three times the total for the entire first quarter of 2024, representing a
Since the start of 2025, Beam Global’s ESS sales have seen unprecedented growth, driven by increasing adoption across various industries due to their bespoke designs, superior safety and smart battery management system (BMS).
“Battery sales dollars are relatively modest compared to some of our other products, but the significant order growth we’ve seen already this year gives a strong indication of the value in our strategy to diversify our offerings, particularly at a time when there is so much perceived (and some real) uncertainty around EV charging,” said Desmond Wheatley, CEO of Beam Global. “This announcement, along with last week’s announcement of dramatic growth in order volume in our European operations shows that we are growing our business in ways which are not impacted by swings in EV sentiment, whether due to the new administration or other factors. We are focusing on expanding geographies and product offerings while keeping our costs under control. The increased sales of energy storage solutions and of our other products in Europe is an excellent indicator our success in these areas.”
Beam AllCell™ energy storage solutions use patented PCC™ technology that enables more power in a smaller, lighter battery. The advanced thermal management capabilities of PCC™ technology also mitigate thermal runaway propagation, delivering superior safety and the ability to operate efficiently in hot and cold environments.
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. Beam Global is headquartered in San Diego, CA with facilities in Chicago, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly 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. 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
Andy Lovsted
+1-858-335-8465
Press@BeamForAll.com
Investor Relations
Luke Higgins
+1-858-799-4583
IR@BeamForAll.com
FAQ
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