Beam (NASDAQ: BEEM) said Wednesday that it’s buying Chicago-based AllCell, a company that makes safer lithium-ion batteries, in an all-stock deal. The acquisition, expected to close March 1, could be worth up to $30 million based on performance earn outs, according to Bloomberg.
Trends in Decarbonizing Earth, Sea and Sky. From the January 2022 issue of the Journal of the Florida Engineering Society. Author: Ken Sides, PE, PTOE, CNU-a, LCI, RLRM, is a Senior Transportation Engineer with Sam Schwartz Consulting in Tampa, Florida.
On Friday, November 5, Congress passed a landmark infrastructure bill that apportions $65 billion to rebuilding our aging electric grid. Although we should applaud this long overdue measure, we need to be realistic about its impact. Continue reading via Power Magazine
Beam Global [NASDAQ:BEEM], a provider of electric vehicle (EV) charging
Educating the public on EV charging habits is an important but often overlooked step as we work toward an all-electric future. CEO Desmond Wheatley shares with Forbes what that education should look like and how we can get there.
A common argument against the adoption of electric vehicles (EVs) today is that unless charged with electricity generated by renewable energy, they are not really zero emissions. Many grids rely on coal or nuclear power, for example, meaning EVs may be zero tailpipe emissions but still carry a carbon footprint. In addition, the prospect of energy shortages and blackouts means EV charging could be impossible in certain situations. Could efforts around sustainable energy temper these concerns and further drive the adoption of EVs?
The ability to access clean power that is not reliant on the grid is vital, especially with the vulnerabilities of our current grid. Not only does our technology help ensure people have resilient access to power in a rapidly scalable format, but it also drastically reduces greenhouse gas emissions.” CEO Desmond Wheatley spoke with CleanTechies, of CleanTechnica, about Beam Global’s technology, mission, and where his own drive comes from.
If you’ve been thinking about electric vehicle charging stocks, you’re not alone. The electric vehicle space has been a hot one on Wall Street for a couple of years now. And now the White House is putting renewed emphasis on the sector with its recent infrastructure package. The $1 trillion package championed by President Joe Biden includes $7.5 billion that is earmarked for a national network of 500,000 EV charging stations by 2030.
As local leaders continue to adapt to the tremendous changes that the past year brought, industry experts share how they anticipate cities will evolve.
Beam Global (BEEM) is a Zacks Rank #2 (Buy) that sports an F for Value and for Growth as well. This EV play has a massive short position and the potential for a huge squeeze play is in the making. Is this the next Tesla style “Mother Of All Short Squeezes”? It very well could be so let’s explore more about that idea in this Bull Of The Day article.
Keeping Early-Stage Employees – Surprisingly, some team members who worked so hard to get your company to explosive growth don’t relish it when it comes. Sensitive communication, training, up-leveling and the resetting of expectations can help. But be prepared for the disagreeable process of replacing early-stage employees with those who are more comfortable with, and qualified for, your new scale. – Desmond Wheatley, Beam Global
It was just in May 2021 that I had the privilege to interview Beam Global’s CEO, Desmond Wheatley, about a then-recent order from the state of California for 52 off-grid solar-power EV chargers. Each Beam Global EV charging unit has a 4.3 kilowatt solar array and up to 44kWh of battery storage. Typically news about EV chargers is about those that are on-grid and permanently installed, but there are also off-grid EV chargers for situations such as natural disasters and power outages. They can also operate in remote, isolated conditions.
