Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

Core Insights - Beam Global reported a 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 compared to 2024, indicating strong growth in the sector [1] - The company received a purchase order worth approximately $2 million from a major ESS customer, expected to be recognized as revenue by the end of 2025, reflecting the reliability of its products [1] - The ESS business is experiencing growth due to repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company [2] Company Performance - The CEO of Beam Global highlighted the diversification of revenue opportunities and the company's expertise in energy storage, which is contributing to improved product quality and cost efficiency [3] - The company is expanding its presence in Europe and the Middle East, along with an expanded product portfolio, positioning itself for diverse revenue and profit generation [3] - Beam Global's patented PCC™ technology in its AllCell™ energy storage solutions enhances power efficiency and safety, addressing thermal management challenges [3] Market Outlook - The energy storage solutions market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9% [3] - The electrification of transportation is expected to be a significant growth driver for the company, alongside its energy security and smart cities infrastructure initiatives [3]