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Beam Global's Innovative EV Charging Solution: A Lucrative Opportunity

Wesley ParkThursday, Nov 14, 2024 6:10 am ET
2min read
Beam Global, a leading provider of sustainable infrastructure solutions, has recently secured its first sponsorship deal with Globos Osiguranje, a premier insurance company in Serbia. The partnership involves the deployment of five EV ARC™ solar-powered EV charging stations at Belgrade Nikola Tesla Airport, Serbia's busiest international travel hub. This milestone three-way partnership marks Beam Global's entry into an owner-operator business model, generating income through long-term annuity streams with recurring payments. By retaining ownership of the EV ARC™ systems, Beam Global secures a steady, predictable revenue stream while delivering sustainable solutions.

The strategic partnership with VINCI Airports, which operates over 70 airports globally, opens up significant global expansion opportunities for Beam Global. This collaboration enables the company to explore similar engagements in major travel hubs worldwide, with no disruption to airports or other partners. The unique sponsorship model employed by Beam Global allows sponsorship payments to be undiluted by typical operating costs, further enhancing the company's global expansion prospects.

The off-grid solar power technology employed by Beam Global's EV ARC™ systems significantly minimizes operating costs by eliminating the need for utility electricity. The systems generate their own power through solar panels, reducing reliance on external energy sources. This unique model enables Beam Global to secure favorable economic terms on parking spaces and create a sustainable, recurring revenue stream without typical operating costs.

Globos Osiguranje's sponsorship of Beam Global's EV ARC™ systems at Belgrade Airport offers significant cost savings and risk mitigation. By utilizing off-grid solar power, the systems do not require utility electricity, eliminating energy costs. Additionally, the lack of construction requirements minimizes disruption and associated expenses. The sponsorship model allows Globos Osiguranje to monetize the arrangement while providing free charging, lowering administrative costs and risks. Beam Global's technology advantage enables it to secure favorable economic terms on parking spaces, further enhancing the value of the partnership.

The deployment of five solar-powered EV ARC™ units at Belgrade Airport offers significant economic benefits. These off-grid charging stations provide free, standalone, 100% solar-powered EV charging, enhancing the airport's green infrastructure and sustainability efforts. This initiative aligns with VINCI Airports' global policy aiming for zero CO2 emissions by 2050, demonstrating Belgrade Airport's commitment to minimizing its carbon footprint. By offering renewable energy charging, the airport attracts eco-conscious travelers, fostering a positive image and potentially increasing passenger satisfaction. Moreover, the partnership with Beam Global opens doors for similar engagements in major travel hubs worldwide, further boosting the airport's reputation as a leader in sustainable business practices.

In conclusion, Beam Global's innovative EV charging solution, facilitated by its strategic partnership with VINCI Airports and sponsored by Globos Osiguranje, presents a lucrative opportunity for sustainable infrastructure investment. The off-grid solar power technology, owner-operator business model, and unique sponsorship model offer a combination of stability, predictability, and consistent growth, aligning with the author's core investment values. As the demand for renewable energy and sustainable transportation continues to rise, Beam Global's pioneering approach positions the company well for future success in the global market.
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