Beam Global Awarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Charging Infrastructure
April 27 2022 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable products and technologies for electric
vehicle (EV) charging, energy storage, energy security and outdoor
media, today announced the U.S. General Services Administration
(GSA) Office of Fleet Management awarded Beam Global a Federal
Blanket Purchase Agreement (BPA) for Electric Vehicle Supply
Equipment (EVSE) and Ancillary Services. The award provides federal
agencies and organizations a streamlined procurement process to
purchase EV ARC™ sustainable EV charging systems in support of the
government's initiative for the electrification of the federal
vehicle fleet. Beam Global was previously also awarded GSA Multiple
Award Schedule (MAS) Contract Number 47QSWA21D0006.
On February 10, 2022 the Federal Highway Administration
published the National Electric Vehicle Infrastructure (NEVI)
Formula Program Guidance. The front cover of the guidance document
which provides funding eligibilities, and program guidance for
implementation of historic investments in electric vehicle (EV)
charging infrastructure, uses a photograph of Beam Global’s
products fast charging an EV in a California rest stop. There are
no other photographs in the document. Some in government are
calling for at least 25% of all EV charging stations to be supplied
by locally generated and stored electricity which continues to
operate during grid failures.
The federal fleet is comprised of approximately 657,500
vehicles. Last year President Biden signed Executive Order 14008
and subsequent Executive Order 14057 with its accompanying Federal
Sustainability Plan which calls for 100% Zero-Emission Vehicle
Acquisitions by 2035, including 100% light-duty acquisitions by
2027. This will prioritize and accelerate a Federal Clean
Electricity and Vehicle Procurement Strategy, calling for clean and
zero emissions vehicles (ZEVs) for federal, state, local and tribal
government fleets, including vehicles of the United States Postal
Service.
“Our made in America products are rapidly deployed without
construction or electrical work. They are highly scalable, clean
and sustainable, and provide a source of fuel and emergency power
during utility grid failures and without a utility bill. They are
also ideal for providing EV charging in highway corridor locations
where grid availability might be scarce,” said Desmond Wheatley,
CEO of Beam Global. “We offer the U.S. federal government the
fastest route to hitting its laudable and ambitious EV charging
infrastructure goals. It makes perfect sense that we have been
awarded this new contract and that we are on the front cover of the
NEVI guidance document.”
Transportation accounts for roughly 29% of U.S. greenhouse gas
emissions (GHG) or approximately 6,558 million metric tons of CO2
equivalent. The federal fleet’s approximately 657,500 vehicles
generated an estimated 3.4 million metric tons of GHG emissions.
This program presents the perfect opportunity for the federal
government to lead by example in reducing greenhouse gas (GHG)
emissions by moving to a zero-emission fleet.
About Beam Global
Beam Global is a clean technology leader providing innovative,
sustainable products and technologies for electric vehicle (EV)
charging, energy storage, energy security and outdoor media. Core
platforms include Beam EV ARC™ and Solar Tree® sustainable EV
charging systems, Beam AllCell™ high-performance energy storage
solutions, energy resiliency and disaster preparedness products and
a deep patent library.
Beam EV ARC™ EV charging infrastructure systems support any
quality brand EV charging service equipment, and Beam AllCell™
battery solutions power micro-mobility, terrestrial EVs, aviation,
maritime and recreational vehicles as well as stationery and
energy-security platforms.
Beam develops, patents, designs, engineers and manufactures
unique and advanced clean mobility solutions that protect the
environment, save customers time and money, empower communities and
keep people moving. Based in San Diego and Chicago, the company
produces Made-in-America products with the mission to Lead the
World to Clean Mobility. Beam Global is listed on Nasdaq under the
symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter.
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking
statements. All statements in this Press Release other than
statements of historical facts are forward-looking statements.
Forward-looking statements are generally accompanied by terms or
phrases such as “estimate,” “project,” “predict,” “believe,”
“expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,”
“will,” “should,” “may,” or other words and similar expressions
that convey the uncertainty of future events or results. These
statements relate to future events or future results of operations,
including, but not limited to the following statements: statements
regarding the proposed acquisition, its expected benefits, the
acquisition’s anticipated timing, and the anticipated future
financial performance as a result of the acquisition. These
statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause Beam
Global's actual results to be materially different from these
forward-looking statements. There can be no assurances that the
proposed acquisition of AllCell will be completed. Except
to the extent required by law, Beam Global expressly disclaims any
obligation to update any forward-looking statements.
Media Contact:Next PR+1
813-526-1195Press@BeamForAll.com
Investor Relations:Kathy
McDermottIR@BeamForAll.com+1 858-799-4583
A video accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f89fc74e-b958-4eb5-a465-12e0dc19e152
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