Beam Global (BEEM) Awarded Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Charging Infrastructure

Beam Global, (Nasdaq: BEEM, BEEMW) 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.

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