Beam (US:BEEM) Newsfilter·2024-07-11 10:00Core Insights - Beam Global has announced that its Beam AllCell™ energy storage solutions have been selected by a leading provider of solar-powered Transport Refrigeration Units (TRUs) [1][2] - The CEO of Beam Global, Desmond Wheatley, emphasized the growth opportunities in the energy storage space and the company's commitment to uncovering new revenue streams through electrification in transportation [2] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating at the intersection of clean energy and transportation [2] - The company develops, patents, designs, engineers, and manufactures advanced clean technology solutions that enhance transportation, provide secure electricity sources, and promote environmental protection [2] Market Context - The California Air Resources Board (CARB) has launched the Clean Off-Road Equipment Voucher Incentive Project (CORE) to incentivize the purchase or lease of zero-emission freight equipment, including TRUs, by providing a streamlined voucher process [4] - The global Refrigerated Trailer market was valued at USD 4.2 billion in 2023 and is projected to grow to USD 6.3 billion by 2030, driven by government initiatives and increasing consumer awareness in North America and Europe [6] Product Technology - Beam AllCell™ energy storage solutions utilize patented PCC™ technology, which allows for more power in a smaller, lighter battery while providing advanced thermal management to enhance safety and efficiency in various environments [7]