| Market Capitalization (Millions $) |
21 |
| Shares
Outstanding (Millions) |
15 |
| Employees |
76 |
| Revenues (TTM) (Millions $) |
49 |
| Net Income (TTM) (Millions $) |
-11 |
| Cash Flow (TTM) (Millions $) |
-6 |
| Capital Exp. (TTM) (Millions $) |
1 |
Beam Global
Beam is a clean-technology innovation company based in San Diego, California. We develop, engineer, manufacture and sell sustainable, renewable energy infrastructure products for transportation, energy storage, energy security and outdoor media. Our renewable energy products enable vital and highly valuable services in locations where it is either too expensive, too disruptive or impossible to connect to a utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. We do not compete with Electric Vehicle (EV) charging companies; rather, we enable such companies by providing infrastructure solutions that replace the time consuming and expensive process of construction and electrical work which are usually required to install traditional grid-tied EV chargers.
We also do not compete with utilities. Our products provide utilities with another tool to deliver reliable and low-cost electricity to EV chargers and, in the case of a grid failure, to first responders and others, through our integrated emergency power panels. Our energy storage technologies make commodity battery cells safer, longer lasting and more energy efficient whilst our battery management systems (BMS) and packaging make batteries safe and usable in a variety of mobility, security and stationary applications.
Our products are rapidly deployed without the need for construction or electrical work. We compete with the highly fragmented and disintegrated ecosystem of general contractors, electrical contractors, consultants, engineers, permitting specialists and others who are required to perform a traditional grid-tied EV charger installation construction project. Our clean-technology products are designed to replace a complicated, expensive, time consuming and risk prone process with an easy, low total cost of ownership, robust and reliable product.
Beam's renewable energy infrastructure products and proprietary technology solutions target four markets that are experiencing significant growth with annual global spending in the billions of dollars.
electric vehicle charging infrastructure;
energy storage;
energy security and disaster preparedness; and
outdoor media advertising.
The Company focuses on creating high-quality renewable energy products for EV charging, energy storage, energy security and outdoor media that are rapidly deployable, have diverse use cases and are attractively designed. We believe that there is a clear need for a rapidly deployable and highly scalable EV charging infrastructure, and that our EV ARC' and Solar Tree' products fulfill that requirement. We are agnostic as to the EV charging service equipment as we do not sell EV charging, rather we sell products which enable it. Our EV ARC' and Solar Tree' products replace the infrastructure required to support EV chargers, not the chargers themselves. Our ability to make commodity battery cells safer, longer lived and more energy efficient is, we believe, a significant differentiator as we move to an increasingly electrified and untethered world.
EV ARC' (Electric Vehicle Autonomous Renewable Charger) ' Our most popular product, we believe this patented product is the world's first and only transportable, solar powered EV charger on the market. The EV ARC' generates and stores all its own energy and supports Level I, Level II and DC Fast Charging (requiring 4 interconnected units). The electronics are elevated under the solar canopy which makes the unit flood-proof up to nine and a half feet of water. It does not need a grid connection and therefore needs no trenching, switch gear, or transformer upgrades. Because there is no foundation, trench or electrical infrastructure, the EV ARC' typically does not require a building or any other kind of permit, and it is easily transportable if a different location is desired. EV ARC' products can charge between one and six EVs simultaneously and a single unit can provide EV charging to as many as 12 parking spaces.
Because the EV ARC' systems are solar powered, they are not disrupted during grid interruptions such as black-outs or brown-outs which is becoming increasingly important as more transportation relies on electricity for fuel. There are no utility bills to pay and, as the number of EVs increase at a host location, more EV ARC' units can be added without disruptive planning or required permits from the utility or local governments. Current grid-tied EV chargers are often placed in locations where a suitable circuit is most easily accessed and cheapest to install, rather than in the most convenient and desirable locations for EV drivers. EV ARC' systems do not need to be connected to the grid and as such, can be placed anywhere, making them a rapidly deployable and highly scalable solution to EV charging infrastructure.
In 2019, we deployed our first EV ARC' DC Fast Charging units that provide a 50kW DC fast charge to electric vehicles which provides a range of up to 1,100 miles per day. We also have a patent pending on a version of the EV ARCTM which, when fully developed, will be able to provide wireless charging to suitably equipped EVs.
Because EV ARC' systems are highly visible, we believe that they are an ideal platform for sponsored deployments wherein networks of EV ARC' systems are deployed and owned by us and monetized through sponsorship and naming-rights agreements with corporate sponsors who are eager to have their brands associated with renewable, clean-energy by sponsoring a city-wide sponsorship of free EV charging through what we refer to as the 'Driving on Sunshine' network which we intend to deploy in highly populated areas where we will deliver free EV charging while monetizing the network of EV ARCTM systems through corporate sponsorship programs. Our products also create significant reductions in greenhouse gas and CO2 emissions which, we believe, is a further inducement to encourage corporations to sponsor our network as they may benefit from the carbon offsets generated by a network of EV ARC' systems.
SolarTree' Products ' This patented product is used for larger scale solar powered EV charging applications. We believe our Solar Tree' product to be the only single column, sun tracking, solar support structure with integrated energy storage, EV charging and media platforms available today. The design of our Solar Tree' systems are ideal for charging electric buses, electric heavy-duty vehicles, electric agricultural equipment, public transportation and electric vehicles used in the construction industry. In 2020, we launched our new generation of Solar Tree' DCFC products with on-board battery storage that do not require a utility grid connection (though grid connection capability is available). As a result, these products can be rapidly deployed and enable EV charging in remote locations where it would otherwise be impossible or economically infeasible, such as rest areas, park and ride locations, construction sites, or any location with insufficient grid connectivity. The costs and environmental impact associated with delivering a 50kW or greater circuit to a remote rest area may be prohibitive, whereas a Solar Tree' DCFC can be deployed with minimal site disturbance.
We believe our Solar Tree' products with on-board battery storage can provide a highly reliable source of energy to provide emergency power to first responders during times of emergency or other grid failures. We also believe that our Solar Tree' products which may be optimized for branding can create a visually appealing platform for the delivery of a sponsor's brand with a less onerous planning and entitlement process than that experienced with traditional signage.
EV-Standard' Product ' On December 31, 2019, we were issued a patent for this product from the United States Patent and Trademark Office. The EV-Standard' is currently in development and will use an existing streetlamp's foundation and grid connection. Combining solar, wind-power and the streetlamp grid connection into on board batteries which are stored in the EV Standard's column, the product will deliver meaningful Level II EV charging at 'curbside' or 'on street'. The EV-Standard' design combines a tracking solar panel, wind energy and utility-generated electricity from the existing streetlamp grid connection in a bank of integrated batteries. While most traditional streetlamps do not have sufficient electrical capacity to provide meaningful EV charging, the combination of all three sources of power will do so in a sustainable and economical manner. Densely populated areas do not have large open parking lots and will require EV charging solutions where drivers park on the street. The EV StandardTM can provide that without having to invest in expensive, disruptive and time-consuming construction or electrical work. This product will continue to charge during grid failures and greatly reduces the cost of electricity when compared to an all grid-powered solution. We believe that in some instances EV charging may be deployed at every five lamp standards or even greater density. We believe our patented EV Standard' product, when developed, will create a significant additional opportunity for product sales and revenue generation.
UAV ARC' drone charging product ' On November 24, 2020, we were issued a patent for this product from the United States Patent and Trademark Office. This product is currently in development. The UAV ARC' is a rapidly deployable, highly scalable, range extending drone recharging product which forms a network intended to provide a range-extending source of battery recharging for drones that would otherwise be limited by range or payload restrictions. UAV ARC' also captures various data from the drone, such as, its state of health. This and other information will be transmitted to Beam and potentially can be monetized through a variety of business models such as making such data available to the operator of the drone fleet. Beam is considering business models, including a subscription-based model for fuel and data. The ability to recharge on a network of UAV ARC' products deployed on rooftops in built up areas, undeveloped regions or at sea (marinized version) should dramatically increase the potential range and utility of UAVs. Each UAV ARC' unit generates and stores all its power from renewable sources so drones will receive clean renewable electricity with no cost-per-unit of energy. The units are completely independent from the power grid, allowing them to provide charging during grid outages and in remote locations. UAV ARC' will be deployed without the requirement for construction or electrical work.
Energy Storage ' The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030 according to MarketsandMarkets Analysis. We are living in an increasingly electrified world and more of the devices we rely on are no longer connected to a wall socket or any kind of utility connection. This untethering requires energy storage to be more energy dense and packaged in increasingly smaller and lighter formats. Physics dictates that the storage and release of electrical energy will create a thermal event. In extreme cases this has led to some well publicized fires. Our energy storage business unit creates high performance energy storage solutions used in electric vehicles, micro mobility, aviation, robotics, stationary storage and maritime applications. We believe that we are unique in the EV charging industry in that we have our own proprietary energy storage solutions. Our proprietary and patented passive thermal management, modular platform architecture, and scalable battery management systems (BMS), enhance safety and performance while extending battery life and reducing lifetime stored energy costs. We provide safe, scalable and high-powered energy storage solutions which have enabled electrified applications in many formats for Fortune 100 companies in the U.S and Internationally.
Company Address: 5660 Eastgate Dr. San Diego 92121 CA
Company Phone Number: 799-4583 Stock Exchange / Ticker: NASDAQ BEEM
|
1.63% 
92.91 %