U.S. General Services Administration Renews Beam Global Contract Through 2030
Rhea-AI Summary
Beam Global (Nasdaq: BEEM) announced the renewal of its U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) contract through October 31, 2030, with potential extensions to 2040. The contract now includes Cooperative Purchasing under Special Item Number (SIN) 334512, enabling state and local governments to purchase Beam's products directly through the GSA MAS program.
This renewal streamlines procurement processes by allowing eligible agencies to buy from pre-negotiated GSA contracts without lengthy RFP processes. Beam's products, which include sustainable EV charging and energy security solutions, are also designated for Disaster Purchasing status, making them available to educational institutions under specific federal acts.
Positive
- Contract renewal extends through 2030 with potential extension to 2040
- Addition of Cooperative Purchasing provision expands market to state and local governments
- Streamlined procurement process eliminates need for lengthy RFP processes
- FEMA-listed products qualify for Disaster Purchasing status
Negative
- None.
Insights
GSA contract renewal expands Beam Global's market access to state/local governments, streamlining procurement through 2030 with potential 2040 extension.
This renewal of Beam Global's GSA Multiple Award Schedule contract represents a significant expansion of the company's government market access. The most valuable aspect is the addition of the Cooperative Purchasing provision, which enables state and local governments to purchase Beam's EV charging infrastructure directly through the GSA schedule without lengthy RFP processes. This dramatically reduces procurement friction and accelerates sales cycles in the public sector.
The contract's extension through 2030, with options potentially extending to 2040, provides exceptional long-term revenue visibility. The inclusion under Special Item Number 334512 further strengthens Beam's position as it specifically covers facilities management systems solutions, aligning perfectly with their EV charging infrastructure offerings.
The FEMA listing and Disaster Purchasing status add another layer of accessibility, allowing emergency procurement during disaster situations. This creates a triple pathway to government sales: federal agencies through standard GSA, state/local through Cooperative Purchasing, and emergency procurement through Disaster Purchasing status.
For a company in the sustainable infrastructure space, securing this streamlined government procurement channel significantly reduces customer acquisition costs while expanding the addressable market. The removal of complex RFP requirements substantially increases Beam's competitive advantage against smaller players lacking GSA contract status.
Adds Cooperative Purchasing, Extending Access to Federal, State and Local Agencies
SAN DIEGO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security, and smart city infrastructure, today announced that the U.S. General Services Administration (GSA) has renewed its Multiple Award Schedule (MAS) contract through October 31, 2030. The contract includes exercise options which could extend Beam’s availability on the GSA MAS schedule through October 31, 2040.
As part of this renewal, Beam Global’s offerings have been added to Special Item Number (SIN) 334512 (Total Solution Support Products for Facilities Management Systems), which includes a Cooperative Purchasing provision. As a result, state and local governments are now eligible to purchase Beam Global’s products through the GSA MAS program. Eligibility determinations can be referenced here.
Cooperative Purchasing accelerates procurement timelines by enabling eligible agencies to buy directly from pre-negotiated GSA contracts, satisfying competitive sourcing requirements without the need for lengthy Request for Proposal (RFP) processes.
"We are encouraged to see the federal government GSA renewing our multiple award schedule contract," said Desmond Wheatley, CEO of Beam Global. "Our American made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation. The disaster preparedness attributes of our FEMA listed products mean that this federal contract vehicle can also be used by state and local governments who wish to purchase our products without having to go through time consuming and complex processes. This significantly increases the value of the contract vehicle for both our customers and our shareholders.”
Federal agencies, as well as state and local governments, can use the company’s GSA MAS Contract to secure Beam Global’s sustainable EV charging products at pre-negotiated pricing, terms, and conditions on the GSA Advantage!® site. The products are also designated Disaster Purchasing status and are available for purchase by state and local government entities and educational institutions in accordance with Section 833 of the John Warner Defense Authorization Act of 2007 and the Federal Supply Schedules Usage Act of 2010.
For more information on purchasing Beam Global’s EV ARC™ ready-to-deploy sustainable EV charging and energy security solutions through the GSA MAS Contract, please contact the Beam Team at +1 858-327-9123 or BeamTeam@BeamForAll.com.
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, energy security and smart city Infrastructure. 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, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. 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.
Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com
Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com
FAQ
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