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Wednesday, September 27, 2023

What Was The Reason Behind Beam Global (BEEM) Stock Increasing In Extended Trades?

After obtaining a major order, Beam Global (NASDAQ: BEEM) is gaining on the charts, up 4.35% to trade at $10.80 at the most recent check after-hours. Shares of BEEM decreased -5.91% on Friday, closing the day at $10.35.

Which order has BEEM secured?

A nuclear waste management government contractor bought numerous EV ARC sustainable charging systems and an ARC Mobility trailer for effective system movement, according to a Beam Global (BEEM) announcement. The General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 was used to acquire the systems, which streamlines the government procurement process and guarantees the best cost.

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In the US, there are over 450 000 brownfield areas where development and excavating are either extremely dangerous or forbidden altogether. These locations are perfect for EV ARC’s off-grid, portable EV charging solutions, as are the other 55,000 hazardous waste sites in the US. Beam Global products are perfect for any site with known or suspected hazardous chemicals since they don’t need to be connected to the utility grid, and they can be quickly installed with no building, no electrical work, and no damages.

There are about 450,000 brownfield sites in the US, according to the Hazardous Waste 2021 study issued by InfrastructureReporCard.org under the auspices of the American Society of Civil Engineers (ASCE). These are locations that have been recognized as having hazardous materials, pollutants, or contaminants that may make rebuilding difficult.

The Resource Conservation and Recovery Act (RCRA) universe also encompasses over 45,000 facilities that produce a significant amount of hazardous waste, 3,779 contaminated sites that span over 18 million acres (roughly the size of South Carolina) and are being cleaned up under the RCRA Corrective Action (CA) program, about 1,200 hazardous waste management facilities, and roughly 8,000 hazardous waste recycling facilities.

Installation of in-ground charging is not possible due to the danger or outright ban on construction that involves digging. These locations require choices for off-grid renewable EV charging solutions as they work to electrify their fleets and transition to greener energy sources.

How does BEEM stand out?

Electric car charging stations supplied by solar energy from BEEM may be quickly installed without the need for building, excavating, or electrical work. Each EV ARC system is off-grid, entirely solar-powered, and equipped with two chargers to charge two EVs at once. It also produces and stores its own clean electricity. One person can quickly move off-grid EV ARC systems with the help of the Beam Global (BEEM) ARC Mobility trailer, a specialized hydraulic transport device.

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