Companies

Beam Global Reports Record Purchase Orders in Q2 and First European Shipments of EV ARC™

Published July 3, 2024

Beam Global (NASDAQ: BEEM, a leader in cleantech and renewable energy solutions, has announced a significant year-over-year increase in purchase orders for Q2, demonstrating a robust growth trajectory. The purchase orders surged by 128%, indicating a substantial expansion in the company's business activities. Notably, over half of these orders came from new customers in the United States, signaling Beam Global's successful penetration into new market segments and a growing demand for sustainable energy solutions.

Expansion into European Markets

Adding to its achievement, Beam Global has marked a milestone by shipping the first EV ARC™ systems to the United Kingdom's Ministry of Defence (MOD) from its European facility. This move represents the company's international reach and its commitment to supporting global initiatives in reducing carbon emissions through its innovative EV charging infrastructure.

Nasdaq Recognition

Amidst these accomplishments, Desmond Wheatley, the CEO of Beam Global, along with the executive team, was honored to ring the opening bell at Nasdaq, showcasing the company's growing recognition in the financial markets. This event underscores Beam Global's positioning as a significant player in the renewable energy sector, simultaneously enhancing its visibility to investors.

Based in San Diego, California, Beam Global specializes in the design, development, manufacturing, and sale of renewable energy-powered products. These products cater to the electric vehicle (EV) charging infrastructure, as well as outdoor media, branding, and energy security. The company's commitment to innovation and sustainability is reflected in its cutting-edge solutions and continues to drive its financial success.

RenewableEnergy, EVCharging, Growth