Beam (US:BEEM) Globenewswire·2026-03-04 13:35Core Insights - Beam Global has deployed off-grid, solar-powered EV ARC™ charging systems in Ypsilanti, Michigan, addressing the limitations of traditional grid-tied chargers during power outages [1][2] - The company’s systems generate and store their own electricity, ensuring continuous operation during utility grid failures, which is increasingly important amid rising oil price volatility and geopolitical tensions [2][3] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in the clean energy and transportation sectors [4] - The company develops, patents, designs, and manufactures advanced clean technology solutions that enhance energy security and support smart city initiatives [4] Market Context - Rising oil price volatility, driven by geopolitical tensions, is increasing transportation and operating costs, making Beam Global's off-grid systems more attractive as they are insulated from fuel price fluctuations [2][3] - The U.S. Department of Energy estimates that power outages cost the U.S. economy approximately $150 billion annually, highlighting the need for resilient energy solutions like those offered by Beam Global [3]