By Chris Wack
Beam World shares have been up 9% at $17.22 after the corporate stated that it acquired an order for EV ARC solar-powered electrical automobile charging and ARC Mobility trailer options from Austin, Texas.
The corporate stated the programs have been bought utilizing a federal Normal Companies Administration a number of award schedule contract, which simplifies the federal procurement course of, ensures the perfect negotiated pricing, and can be utilized by many state and native authorities businesses when the EV ARC programs are meant for EV charging and catastrophe restoration or preparedness functions.
Town of Austin additionally awarded Beam World a contract that streamlines the acquisition course of for metropolis departments, with out going by in depth particular person contracting necessities.
The Beam World EV ARC off-grid EV charging programs qualify as catastrophe preparedness property as a result of they proceed to cost EVs throughout grid outages and might be geared up with an emergency energy panel for first responder use in emergencies.
Austin chosen the dual-plug charger configuration, which expenses two EVs concurrently, and the Emergency Energy Panel with 120V and 240V electrical shops. Utilizing the GSA contract gave town federal authorities greatest pricing, whereas enabling them to accumulate Beam World’s quickly deployed EV charging infrastructure merchandise.
Beam World shares are up 26% up to now 12 months.
Write to Chris Wack at chris.wack@wsj.com