Beam Global ($BEEM) Deploys Solar Powered EV Charging Systems in California to Meet Demand Growth

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4M ago 2:05

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Beam Global (NASDAQ: BEEM), a leading provider of innovative electric vehicle charging solutions, has announced that the city of Vacaville, located in California, has deployed several EV ARC solar-powered EV charging systems for public use.

The EV ARC systems fit standard parking spaces without reducing availability and are off-grid, eliminating the need for electrical work, construction, and utility bills. Powered by 100% renewable energy, they generate and store clean electricity for EVs day or night, and during inclement weather.

In 2023, California's EV market share reached 25%, up from the previous year, leading the nation with 34% of new light-duty zero-emission vehicle sales. To support this growth, California aims to install 1.2 million public and shared private chargers by 2030.

Desmond Wheatley, CEO of Beam Global stated: ““While a majority of our municipal deployments have been for fleet vehicles, this order is significant in that the EV ARCs will be used for public charging which is a trend we see increasing and, we believe, opens a new set of opportunities for Beam Global.”

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging and energy storage.

Shares of Beam Global trade on the NASDAQ under the ticker symbol BEEM. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com

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