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Stock impact report

Beam Global Unveils Streetlight EV Chargers [Forbes]

Beam Global (BEEM) 
Company Research Source: Forbes
Perhaps a good title for this story is “a streetlight named you're wired.” San Diego-based Beam Global has come up with a way to turn streetlights into charging stations for battery electric vehicles, the company announced Monday. The product is called BeamSpot. It's a streetlight that's also an EV charger using a combination of grid and renewable energy. Desmond Wheatley, CEO Beam Global which produces sustainable EV charging units and batteries. Beam Global “We take the circuit that takes electricity to the streetlight to run the bulb, which is not enough to charge an electric vehicle on its own, not in any meaningful way. We take that circuit and we run it into our batteries. We also run the electricity from the wind into the batteries, and we run the electricity from the solar into the batteries, and it turns out, when you combine all three sources of electricity, now you can meaningfully charge an electric vehicle,” explained Beam Global CEO Desmond Wheatley, in an inter Show less Read more
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