Business
Beam Global Sees 72% YoY Growth in New Orders from Enterprise and Business Customers from Q1 Through Q3 of 2021
SAN DIEGO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for
About this update from Beam Global
[{"type":"text","content":"SAN DIEGO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced a marked increase in enterprise and business customers purchasing EV ARC™ sustainable EV charging systems. Among the new customer base are several Fortune 50, Global 500, Fortune 500 companies and small-medium businesses. The solar-powered, off-grid EV ARC™ systems are being used for employee and guest charging, tenant charging, corporate fleet charging and as emergency preparedness assets. Because EV ARC™ systems are off grid, they do not require time consuming, expensive and risky construction which can be particularly disruptive in active retail, entertainment and business locations. They add no demand to the utility grid, generate no utility bill and can be transported to new locations as charging demand and patterns emerge, as leased properties relocate, or during re-surfacing or other parking lot upgrades. “We are seeing a strong rebound in non-government revenue now that the impacts of COVID 19 are receding and this is coming at a time when our government sales are accelerating and greater than at any time in our history. New orders from the private sector Q1-Q3 have increased 72% year-over-year as EV adoption and charging demand continue a strong upward trajectory,” said Desmond Wheatley, CEO at Beam Global. \"Among the sectors ordering EV ARCs are large retail, oil and gas, travel and hospitality, auto OEM, pharmaceutical, rail, construction, manufacturing and commercial real estate. Employees, visitors, customers, tenants and guests of these businesses want EV charging and Beam’s products are the fastest and least risky way for companies of all sizes to deploy EV charging.” Beam Global’s business customers site a variety of motivations for purchasing EV ARC systems. Retailers need to attract EV drivers, corporations want to save money by avoiding construction, electric upgrades and demand charges, many have prioritized sustainability initiatives, some want to attract and retain employees or make a visible sustainability statement. There is also a new trend of phase two EV charging deployments being attempted by companies that have already installed grid tied charging and h...