Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

Rhea-AI Summary

Beam Global (Nasdaq: BEEM) reported significant growth in its energy storage solutions (ESS) business, with a 21% revenue increase in H1 2025 compared to 2024. The company secured a $2 million purchase order from a major ESS customer, expected to be recognized as revenue by end of 2025.

The company's ESS division growth is driven by repeat orders and the addition of three major new clients, including a Fortune 500 automotive company. Beam's AllCell™ solutions, featuring patented PCC™ technology, offer superior thermal management and safety features. The company is expanding globally into Europe and the Middle East, while diversifying its portfolio across transportation electrification, energy security, and smart cities infrastructure.

Positive

• ESS revenue grew 21% year-over-year in H1 2025
• Secured $2 million purchase order from major customer
• Added three major new clients including a Fortune 500 automotive company
• Expanding market presence into Europe and Middle East
• Operating in ESS market projected to grow to $25.6B by 2029 (26.9% CAGR)

Negative

• None.

Insights

Financial Analyst

Beam Global's diversification strategy shows traction with 21% ESS revenue growth and $2M order, positioning for long-term growth in expanding markets.

Beam Global's 21% year-over-year growth in energy storage solutions (ESS) revenue for H1 2025 demonstrates meaningful progress in the company's revenue diversification strategy. The new $2 million order from an existing major customer signals both product validation and customer retention success, with revenue recognition expected by year-end 2025. This repeat business suggests the company's proprietary PCC™ technology is gaining commercial traction.

Three significant client additions, including a Fortune 500 automotive company, indicate market penetration is broadening beyond their initial customer base. This expansion suggests the company is successfully leveraging its technical differentiation in thermal management and safety features to compete in the rapidly growing ESS market.

The company's strategic diversification beyond EV charging infrastructure into energy storage, geographic expansion (Europe and Middle East), and smart cities infrastructure creates multiple growth vectors that could reduce business concentration risk. This positions Beam to potentially capitalize on the projected ESS market growth from $7.8 billion in 2024 to $25.6 billion by 2029 (a 26.9% CAGR).

The emphasis on cross-selling opportunities between business segments suggests potential operational leverage, while the company's focus on making products "better and less expensive to produce" points to possible margin improvement efforts. The mention of "profit generation" in the CEO's statement may indicate a shift from pure growth focus toward financial sustainability, though specific profitability metrics aren't disclosed in this release.

SAN DIEGO, July 24, 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 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 vs. 2024. Additionally, a purchase order was received from one of its largest ESS customers, for approximately $2 million, scheduled to be recognized as revenue by the end of 2025. The surge reflects Beam Global’s growing role as a trusted ESS supplier for mission-critical energy storage applications and the Company views repeat customers purchasing in increasing volumes as a strong validation of the reliability of its products.

Beam Global’s ESS business is experiencing material growth, driven by repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company. The Company believes this continued momentum reflects both the strong loyalty of its current customer base and growing global demand for scalable and safe ESS solutions. Beam’s bespoke designs, superior safety and smart battery management system (BMS) continue to differentiate the Company from its peers.

“Our efforts to diversify our revenue opportunities continue to pay off,” said Desmond Wheatley, CEO of Beam Global. “Our energy storage group provides the expertise and bespoke products that we need to continue to make Beam Global products better and less expensive to produce. Simultaneously, we are growing external sales of this expertise and these products. These activities, along with our growth into Europe and now the Middle East, as well as our expanded product portfolio, are positioning us for diverse revenue and profit generation. The electrification of transportation will continue to be a global growth engine for many years to come but Beam Global is about much more than that with our energy security and storage business and our increasing presence in smart cities infrastructure. Each of these businesses support each other and offer opportunities for cross selling. Our long-term growth strategy is working.”

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. The ESS market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9%.

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., Europe and the Middle East, 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 Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

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
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com

Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com

FAQ

What was Beam Global's (BEEM) ESS revenue growth in H1 2025?

Beam Global reported a 21% increase in energy storage solutions (ESS) revenue for the first half of 2025 compared to 2024.

How much is the new purchase order Beam Global (BEEM) received from its major customer?

Beam Global received a $2 million purchase order from one of its largest ESS customers, to be recognized as revenue by the end of 2025.

What is the projected growth of the ESS market according to Beam Global?

The ESS market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a CAGR of 26.9%.

What new markets is Beam Global (BEEM) expanding into?

Beam Global is expanding its presence into Europe and the Middle East, while diversifying across transportation electrification, energy security, and smart cities infrastructure.

What technology does Beam Global use in its energy storage solutions?

Beam Global uses AllCell™ energy storage solutions with patented PCC™ technology, which enables more power in a smaller, lighter battery with advanced thermal management capabilities.