Renewable-Powered Charging Solutions

sold since 2016



is all that's needed to deploy Beam’s EV charging infrastructure



8 of Beam’s products are patented

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The Path to Drawdown: Electric Vehicle Chargers

Internal combustion engine vehicles still dominate transportation today, but electric vehicles (EVs) are poised to transform that landscape. According to the IEA, there are now 11 million electric passenger cars and vans on the road thanks to supportive policies and falling costs.

The difference in impact on the climate is remarkable. Compared to petroleum-based vehicles, CO2 emissions drop by 50% if an EV’s power comes off the conventional grid. If powered by solar energy, emissions are cut by 95%. Once households purchase EVs, the operating costs for those cars are often cheaper than gas-based cars, too.

But just like ubiquitous gas stations enable internal combustion engines, one critical factor for EVs to become the primary transportation method is a wider adoption of EV charging infrastructure. While most charging of EVs is done at home and work today, publicly accessible charging needs to be rolled out to encourage households without access to private chargers to opt for EVs.

For now, the ratio of chargers to EVs is far lower than where it needs to be in most countries, with the US near the bottom of the ranking among developed countries at 0.06 chargers per EV. Companies and governments around the world are currently implementing policies and incentive programs to expand EV infrastructure networks.

To achieve an all-electric transport sector in line with keeping global warming under 1.5ºC of warming, the IEA projects a dramatic increase in the number of EV chargers globally between now and 2030:

  • <::marker> There were 10.3 million EV chargers in 2020
  • <::marker> There need to be 215.2 million chargers by 2030
  • <::marker> 35.5% CAGR between 2020 and 2030

What We Want to See Improve

Transition to Profitability

Beam has suffered net losses since 2006 and expects to incur additional losses in the near future. We urge them to take advantage of the proceeds from their recent public offerings and raise additional capital to expand their business to the point of net profitability as soon as possible.

Publish ESG Reports

We urge Beam to start publishing annual ESG reports in which they show key sustainability metrics like GHG emissions, emissions avoided by their products, water usage and waste management. These metrics can then be the basis for explicit and ambitious targets for cutting emissions over the next decade.

Clean Up Supply Chain

Beam designs, develops and manufactures its products in their San Diego facility (p. 11), and many of its suppliers are relatively local. This is good news for the climate because of its minimal carbon footprint. But we still want to know the GHG emissions of Beam’s suppliers so that we can hold them to account for cutting emissions toward zero.

Related EV Charging Station Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description


ChargePoint Holdings, Inc. (CHPT)

ChargePoint offers EV charging solutions that integrate with their cloud services to businesses, fleets, and drivers. They’re making EVs more attractive


Blink Charging Co. (BLNK)

Blink makes public EV charging equipment and software that lets drivers to easily recharge their EVs. Charging stations are key for electrifying transport.


Ideanomics, Inc. (IDEX)

Ideanomics makes commercial EVs, e-bikes and e-scooters, electric tractors, batteries and charging systems. All are critical in electrifying transport


Beam Global (BEEM)

Beam Global makes solar-powered EV charging stations for passenger and commercial vehicles. EV charging stations help make EVs more appealing


Nuvve Holding Corp. (NVVE)

Nuvve offers a platform that lets EV batteries store and resell energy back to the electric grid. They make EVs more attractive

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