Beam Global Powers Clean Tech Growth with Innovative Energy Storage for Refrigerated Trailers

7/11/24 6:05:22 AM ET

Semiconductors

Technology

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Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that its Beam AllCell™ energy storage solutions have been selected by a leading provider of solar powered Transport Refrigeration Units (TRUs).

The global Refrigerated Trailer market size was valued at USD 4.2 billion in 2023 and is forecast to grow to USD 6.3 billion by 2030, with North America and Europe experiencing steady growth in clean technology solutions for the industry driven by government initiatives and increasing consumer awareness.

The California Air Resources Board (CARB) in partnership with CALSTART has launched the Clean Off-Road Equipment Voucher Incentive Project (CORE) to encourage California companies to purchase or lease currently commercialized zero-emission freight equipment by providing a streamlined voucher process to offset the higher cost of such technologies. Transport Refrigeration Units are eligible for CORE funding which, when combined with diesel savings, create significant economic incentives for owners and operators.

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Date	Price Target	Rating	Analyst
3/30/2023		Hold	Needham
2/13/2023	$25.00	Outperform	Northland Capital
11/14/2022	$30.00	Neutral → Buy	H.C. Wainwright
6/17/2022	$23.00	Buy	B. Riley Securities

Beam Global Powers Clean Tech Growth with Innovative Energy Storage for Refrigerated Trailers

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