Beam Global Granted European Patent for Curbside Electric Vehicle Charging Infrastructure Products
21 November 2023 - 12:00PM
Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of
innovative and sustainable infrastructure solutions for the
electrification of transportation and energy security, has been
granted another new patent by the European Patent Office that
covers EV Standard™, the Company’s renewably energized streetlight
replacement products which provide curbside EV charging.
The European Patent Office granted European Patent No. EP3743655
for the Company’s EV Standard™ product which is capable of
delivering street lighting and meaningful curbside EV charging by
combining solar, wind and utility-generated electricity in a bank
of Beam Global’s proprietary integrated batteries. The patent was
issued on July 12, 2023 in the European Patent Bulletin 2031
10.22.
Equipped with a high-lumens, low-consumption LED light and a
Level II EV charger, the innovative product has been designed to
provide a clean and inexpensive EV charging solution which does not
require new or upgraded utility-grid circuits, or the trenching,
construction, easements, leases and complex permitting required for
traditional curbside charging. Most of the energy used for EV
charging will come from renewable sources, specifically wind and
solar, reducing the carbon impact and the cost of the electricity
consumed.
To address energy security, the EV Standard™ can continue to
provide EV charging, a source of emergency power and light, during
grid outages as well as support and power other vital
infrastructure such as IoT connected devices, smart city sensors
and environmental monitors.
“The EV Standard is an important addition to our existing
portfolio which I believe will not only be transformational for the
Company, but for the EV charging, transportation and lighting
efficiency markets as well,” said Desmond Wheatley, CEO of Beam
Global. “As a result of our recent acquisition, Beam Europe is now
one of Europe’s leading manufacturers of streetlights and is well
positioned to bring our patented EV Standard to market both in
Europe and the U.S. Once launched, the new products will enable
cities to overcome the hurdles associated with the provision of
on-street EV charging while also providing an energy efficient and
sustainable lighting solution. Beam Europe has engineering, product
development and manufacturing capabilities that are ideally suited
to rapidly design, engineer, manufacture and deliver a broad line
of EV Standard products globally.”
EV Standard™ products can be deployed without having to invest
in expensive, disruptive and time-consuming civil or electrical
upgrades by leveraging the streetlight’s preexisting foundations
and enhancing existing connections to the electrical grid through
the addition of wind and solar generation and on-board proprietary
batteries. The EV Standard™ product will benefit from IP and
patented technologies previously developed by Beam Global and
already successfully used in EV ARC™ systems. The products will
fill a significant gap in the current EV charging infrastructure
market as electric vehicles become more widespread and the demand
for on-street charging becomes urgent.
Global EV sales are on track to meet or outpace even the most
ambitious net-zero timelines and could account for more than
two-thirds of market share by 2030, following exponential growth
trends, according to new analysis September 2023 by RMI (Rocky
Mountain Institute) in partnership with the Bezos Earth Fund.
Globally, combustion car sales peaked in 2017, and by the middle of
the decade more will be scrapped than sold, meaning the overall
fleet of combustion cars is about to peak and will be in freefall
by 2030, the RMI research shows. Following an ‘S-curve’*
trajectory, already established by leading EV markets in Northern
Europe and China, implies that global EV sales will increase at
least sixfold by 2030, to enjoy a market share of 62% to 86% of new
vehicle sales, the analysis shows. Beam Global views the addition
of new product lines and the recent expansion into the European
market as a major opportunity for growth of the company’s total
addressable market.
About Beam Global
Beam Global is a clean technology innovator which develops and
manufactures sustainable infrastructure products and technologies.
We operate at the nexus of clean energy and transportation with a
focus on sustainable energy infrastructure, rapidly deployed and
scalable EV charging solutions, safe energy storage and vital
energy security. With operations in the U.S. and Europe, Beam
Global develops, patents, designs, engineers and manufactures
unique and advanced clean technology solutions that power
transportation, provide secure sources of electricity, save time
and money and protect the environment. Headquartered in San
Diego with facilities in Chicago, Belgrade and Kraljevo, Beam
Global has a deep patent portfolio and is listed on Nasdaq under
the symbols BEEM and BEEMW. For more information visit
BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).
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Media Contact:Skyya PR+1
651-335-0585Press@BeamForAll.com
Investor Relations:Core IR+1
516-222-2560IR@BeamForAll.com
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