By Michael Elkins
Beam Global (NASDAQ:BEEM), a leading EV technology group, announced Tuesday that the city of San Diego has placed an additional order for multiple Beam EV ARC sustainable charging systems and an ARC Mobility trailer for efficient system transport.
The solar-powered EV ARC charging system is a rapidly deployed, no construction system that operates off-grid. The system generates and stores its own clean electricity and includes five Enel X Way JuiceBox Pro EV chargers to charge five vehicles simultaneously.
"After a year of thoroughly testing EV ARC systems, the City of San Diego has given the thumbs up for further orders, joining many other municipalities who are increasing their fleets of Beam Global products like the recent $5.3M reorder from New York City. EV ARC systems are rapidly deployed without digging up city streets and parking areas, without expensive upgrades to city electrical circuitry, and without concern for high utility costs, saving taxpayers’ money,” said Beam Global CEO Desmond Wheatley. “Resiliency in the face of increasing grid outages makes our EV charging products an essential component of any fleet operator’s EV charging plan. Transportability is also very important to local and state government entities as many government buildings are leased and EV charging patterns are still evolving. EV ARC equipment can be moved to new locations, for city events or as a source of off grid power during grid outages and emergencies.”
Shares of BEEM are down 3.15% in mid-day trading on Tuesday.