Beam Global Secures Contract Renewal with U.S. General Services Administration Through 2030, Expanding Access to Sustainable EV Charging Solutions for State and Local Governments

The U.S. General Services Administration has renewed Beam Global's contract through 2030, adding its products to a Special Item Number that includes a Cooperative Purchasing provision. This allows state and local governments to purchase Beam Global's products through the GSA MAS program. The renewal enables eligible agencies to buy directly from pre-negotiated contracts, accelerating procurement timelines and satisfying competitive sourcing requirements.

The U.S. General Services Administration (GSA) has renewed Beam Global's Multiple Award Schedule (MAS) contract through October 31, 2030, with potential extensions to 2040. This renewal adds Beam Global's products to Special Item Number (SIN) 334512, which includes a Cooperative Purchasing provision. This provision enables state and local governments to purchase Beam Global's products directly through the GSA MAS program, streamlining procurement processes and accelerating sales cycles [1].

As part of the renewal, Beam Global's offerings are now available under the facilities management systems solutions category, specifically designed for sustainable EV charging and energy security solutions. This designation also includes Disaster Purchasing status, allowing educational institutions to purchase these products under specific federal acts [3].

Desmond Wheatley, CEO of Beam Global, stated, "We are encouraged to see the federal government GSA renewing our multiple award schedule contract. Our American-made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation" [1].

The renewal of Beam Global's GSA MAS contract represents a significant expansion of the company's government market access. The addition of the Cooperative Purchasing provision under SIN 334512 further strengthens Beam's position by aligning perfectly with their EV charging infrastructure offerings. This provision enables state and local governments to purchase Beam's products directly from pre-negotiated contracts, reducing procurement friction and accelerating sales cycles in the public sector [3].

The contract's extension through 2030, with options potentially extending to 2040, provides exceptional long-term revenue visibility for Beam Global. This renewal is a strategic move that positions the company to capitalize on growing demand for sustainable infrastructure solutions in the government sector.

References:
[1] https://www.streetinsider.com/Globe+Newswire/U.S.+General+Services+Administration+Renews+Beam+Global+Contract+Through+2030/25248934.html
[3] https://www.stocktitan.net/news/BEEM/u-s-general-services-administration-renews-beam-global-contract-6twgkmjfi9sf.html