Ypsilanti Deploys Beam Global Resilient Energy Products to Counter Grid Interruptions Amid Rising Oil Prices and Energy Volatility
Beam Global (Nasdaq: BEEM) on March 4, 2026 deployed off-grid, solar-powered EV ARC charging at the Ypsilanti Performance Space in Ypsilanti, Michigan to maintain charging and critical power during multi-day neighborhood outages.
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Rhea-AI Summary
Beam Global (Nasdaq: BEEM) on March 4, 2026 deployed off-grid, solar-powered EV ARC charging at the Ypsilanti Performance Space in Ypsilanti, Michigan to maintain charging and critical power during multi-day neighborhood outages. The systems generate and store onsite electricity and operate independent of the utility grid.
Beam framed the project amid rising oil-price volatility and supply-chain instability, noting a recent gas-price jump of 11 cents per gallon and a U.S. Department of Energy estimate that power outages cost the economy about $150 billion annually.
Positive
- Deployment of off-grid EV ARC at Ypsilanti Performance Space provides resilient charging
- Systems produce and store onsite clean electricity, eliminating exposure to fuel-price swings
Negative
- Press release omits contract value and commercial terms for the Ypsilanti deployment
Details
News Market Reaction – BEEM
On Mar 4, the day this news came out, BEEM closed 1.31% above the previous close.
Data tracked by StockTitan Argus for the Mar 4 session.
Key Figures
- Gas price jump
- 11 cents per gallon
- Overnight move following escalating conflict with Iran
- Power outage cost
- $150 billion annually
- Estimated U.S. economic cost of power outages
- UAE AV market size
- $2.7 billion
- Forecast by 2030 from prior AV charging release
- UAE AV CAGR
- 19.2%
- Projected CAGR 2025–2030 from prior AV charging release
- Smart city sales
- Over $1 million
- Smart cities infrastructure orders in one week across Eastern Europe
- HQ monthly payment
- $71,480
- Lease extension total monthly rent and charges from Mar–Sep 2026
- CFO option grant
- 100,000 options at $1.77
- Employee stock option award on 01/13/2026
- ATM capacity
- $15,582,197
- Updated at-the-market program size in Nov 2025 prospectus supplement
Historical Context
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Launched market-ready autonomous wireless charging platform with HEVO using EV ARC™.
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Received material order for patented battery products supporting lifesaving drone operations.
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Booked over $1M smart cities infrastructure sales across multiple Eastern European countries.
-
European patent granted for Smart PCC™ lithium-ion battery thermal management technology.
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Announced largest residential deployment of ten EV ARC™ off-grid EV charging systems.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, March 04, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure today announced the deployment of off-grid, solar-powered EV ARC™ charging systems at the Ypsilanti Performance Space in Ypsilanti, Michigan. The deployment follows multi-day neighborhood power outages that highlighted the limitations of traditional grid-tied chargers, which shut down when the grid fails. Beam Global’s systems operate independently of the utility grid, generating and storing their own electricity and continuing to provide charging and vital electricity for first responders or others during utility grid outages.
The project comes amid rising oil price volatility driven by geopolitical tensions, including the current situation in the Middle East. Global supply chain instability and fuel price increases are putting pressure on transportation and operating costs. Beam Global’s resilient energy systems produce and store their own clean electricity onsite, meaning energy costs do not fluctuate with oil or natural gas markets and electricity supplies are not exposed to upstream fuel disruptions.
“Beam Global has a powerful portfolio of energy security and storage products which ensure that our customers can continue to provide vital services without vulnerability to grid interruptions and without any cost volatility - ever,” said Desmond Wheatley, CEO of Beam Global. “When the lights go out, Ypsilanti and our other customers can continue to access vital electricity to execute on their missions because they chose Beam Global products. Energy vulnerability and price volatility are increasingly serious challenges at a time when the world is more reliant on electricity than ever. Our military and civilian customers are benefiting from the technology we invented in the U.S. and manufacture and sell here, as well as in Europe and in the Middle East.”
“When the grid goes down, traditional solar shuts down too,” said Steve Pierce, Co-Founder of The Ypsilanti Performance Space. “Fifty to sixty percent of the housing around here is rental. People park on the street. They don’t have garages or electrical capacity. This fills a real gap.”
Gas prices jumped 11 cents per gallon overnight following escalating conflict with Iran, marking the sharpest increase since the 2022 Ukraine-Russia conflict, emphasizing how quickly geopolitical instability can drive fuel costs higher. At the same time, the U.S. Department of Energy estimates that power outages cost the U.S. economy approximately
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
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