Beam Global Completes First European EV ARC™ Deployment for UK Ministry of Defence, Cyprus

Rhea-AI Summary

Beam Global (Nasdaq: BEEM) has successfully deployed its first EV ARC™ solar-powered EV charging systems for the UK Ministry of Defence (MOD) at British Sovereign Bases in Cyprus. This marks the initial customer shipment from Beam's new European facilities, part of a $1 million order through Crown Commercial Service. The EV ARC™ systems will provide dynamic EV charging and auxiliary power for vital MOD electrical equipment.

The deployment aligns with the UK MOD's plan to fully electrify its 'white fleet' by 2027. Each EV ARC™ system can power up to six Level II EV chargers simultaneously and includes an auxiliary power panel for additional equipment. Beam Global's CEO, Desmond Wheatley, highlighted this deployment as validation of the company's entrance into the European market, the largest for their products globally.

Positive

• First European EV ARC™ deployment completed for UK Ministry of Defence
• $1 million order through Crown Commercial Service
• Expansion into European market, the largest for Beam Global's products
• Shipments to multiple European countries in the past quarter
• Alignment with UK MOD's plan to fully electrify its 'white fleet' by 2027

Negative

• None.

Insights

Tech Expert

Beam Global's deployment of EV ARC™ systems in Cyprus marks a significant milestone in sustainable military infrastructure. These solar-powered charging stations offer dual functionality, supporting both EV charging and auxiliary power needs. The system's off-grid capability and rapid deployment feature make it particularly valuable for military operations, enhancing energy security and reducing reliance on traditional power sources.

The UK MOD's adoption of this technology aligns with their ambitious goal of 100% zero-emission fleet by 2027. Currently, only 5.86% of their fleet is fully electric, indicating substantial room for growth. This deployment could accelerate their transition, potentially influencing other military organizations globally to follow suit in adopting sustainable energy solutions.

Market Research Analyst

Beam Global's expansion into Europe, the largest market for their products, is a strategic move that could significantly boost their growth potential. The successful deployment in Cyprus, following shipments to multiple European countries, demonstrates strong market acceptance and operational capability in the region.

The $1 million order from the UK MOD through Crown Commercial Service opens doors for further government contracts across Europe. This reference deployment could lead to increased orders from both military and commercial sectors, potentially driving Beam Global's revenue growth. Investors should monitor the company's ability to scale operations and secure additional contracts in this new market.

Environmental Policy Analyst

The UK MOD's adoption of Beam Global's solar-powered EV charging systems aligns with broader governmental efforts to reduce carbon emissions. This move supports the UK's commitment to net-zero emissions by 2050 and showcases the military's role in driving sustainable practices.

The EV ARC™ systems' ability to operate off-grid and provide auxiliary power could prove important in emergency situations and remote operations. This dual functionality not only enhances the military's operational resilience but also demonstrates the versatility of renewable energy solutions in high-stakes environments. The success of this deployment could influence policy decisions, potentially accelerating the adoption of similar technologies across other government departments and allied nations.

EV ARC™ systems to provide dynamic EV charging and auxiliary power for vital MOD electrical equipment

SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, has deployed the first EV ARC™ solar-powered EV charging systems for the UK Ministry of Defence (MOD) at several British Sovereign Bases on Cyprus. This is the first EV ARC™ customer shipment out of Beam Global’s new European facilities. As previously announced, the UK MOD ordered $1 million worth of Beam products through Crown Commercial Service (CCS) which is the main purchasing vehicle for UK government entities. Additional products on order will be delivered in the coming months.

“We’re really happy to have recently procured ten Beam solar-powered EV ARC charging systems,” said Commanding Officer of Transport Unit HQ BFC, Lieutenant Colonel Daniel Taylor. “These portable charging stations fit within a standard parking space and will harness the abundant sunshine from Cyprus and provide a clean energy source, significantly contributing to our environmental responsibility and enhancing our emergency resilience. They will support electric vehicles on Sovereign Bases Area camps during daytime or nighttime and will at the same time remind everyone of the importance of innovation to enhance capabilities by utilising our planet's solar power.” 

“The Beam Team, Europe has integrated the EV ARC product line into the manufacturing facilities with excellence and impressive speed. In the past quarter, we have shipped products to Bosnia, Croatia, Cyprus, Greece, Herzegovina, Montenegro, Romania, and Serbia,” said Desmond Wheatley, CEO of Beam Global. “This first ten EV ARC deployment out of Beam Europe validates our entrance into the European market - the largest in the world for our products. As the year progresses, we will continue to deliver on the many orders in our global pipeline and to build upon the tremendous momentum that our entrance into Europe has created.”

The Beam EV ARC™ system is a solar-powered, off-grid charging solution that can be quickly deployed without the need for construction, electrical work or utility connections. Ideal for both military and commercial uses, hundreds of these systems are in operation across the U.S., serving the U.S. Army, U.S. Marine Corps, U.S. Department of Homeland Security, other federal and state agencies and a long list of commercial customers. Each EV ARC™ system independently generates and stores clean electricity, supplying power to up to six Level II EV chargers, which can charge six electric vehicles simultaneously. EV ARC™ systems also provide power to electrical equipment through an auxiliary power panel and the UK MOD intends to develop use cases which demonstrate that they can power vital systems without the need to connect to a utility grid or use diesel or gas-powered generators.

In 2023, the UK MOD announced plans to go fully electric with its ‘white fleet’ and set out a plan to see 100% of its car and van fleet to be completely zero-emission by the end of 2027. According to government officials, there are currently between 745-760 fully electric vehicles in the UK Armed Forces’ inventory, approximately 5.86% of the fleet. To support the UK government’s mission to electrify, Beam Global’s rapidly deployable charging infrastructure can be installed quickly, is transportable and includes an Auxiliary Power Panel to provide essential electricity for military equipment and personnel.

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 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 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:
Skyya PR
+1 651-335-0585
Press@BeamForAll.com

Investor Relations:
Core IR
+1 516-222-2560
IR@BeamForAll.com

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/833cac5f-305b-47bd-b610-96722d28f503

https://www.globenewswire.com/NewsRoom/AttachmentNg/18ca69e5-e8be-4b62-bb08-ef28860d3890

FAQ

What is the value of Beam Global's order from the UK Ministry of Defence?

Beam Global received a $1 million order for EV ARC™ systems from the UK Ministry of Defence through Crown Commercial Service.

How many electric vehicles can a single EV ARC™ system charge simultaneously?

Each EV ARC™ system can power up to six Level II EV chargers, allowing for the simultaneous charging of six electric vehicles.

What is the UK Ministry of Defence's goal for electric vehicle adoption?

The UK MOD plans to have 100% of its car and van fleet fully electric (zero-emission) by the end of 2027.

Where has Beam Global (BEEM) shipped its products in Europe recently?

In the past quarter, Beam Global has shipped products to Bosnia, Croatia, Cyprus, Greece, Herzegovina, Montenegro, Romania, and Serbia.