The systems will provide free public electric vehicle (EV) charging.
In order to facilitate this sponsored Driving on Sunshine initiative, Beam Global previously secured an agreement with Belgrade Airport, part of Vinci Airports, an operator of over 70 airports in 14 nations across the globe, to operate the network in prime locations at Belgrade Nikola Tesla Airport with further cooperation with Vinci Airports to be considered.
The milestone three-way partnership marks Beam Global's entry into an owner-operator business model, generating income through a long-term annuity stream with recurring payments.
By retaining ownership of the EV ARC systems, Beam Global secures a steady, predictable revenue stream while delivering sustainable solutions. Globos Osiguranje is uniquely able to provide Driving on Sunshine sponsored EV charging for free to EV owners because EV ARC systems do not require utility electricity and do not generate costs for the energy dispensed.
Providing the EV charging for free while monetizing the sponsorship significantly lowers administrative costs and risks. The amenity value delivered to site hosts enables Beam Global to receive highly favorable economic terms on the parking spaces in which the EV ARC systems are placed. This unique model means that sponsorship payments are not diluted by typical operating costs which might burden companies that do not have Beam Global's technology advantage.
“I have been describing this sponsorship model for several years” said Desmond Wheatley, CEO of Beam Global. “The partnership with Globos Osiguranje at the Belgrade Airport is an exciting milestone for Beam Global as we continue to expand across Europe and it's very exciting in that it validates the Driving on Sunshine sponsorship model. We are delighted to be working with Vinci. Airports represent a tremendous opportunity for sustainable infrastructure solutions but they cannot afford to have their parking lots disrupted by construction and electrical work because they work 365 days a year. With this sponsorship model and our zero construction deployments, we are opening doors for similar engagements in major travel hubs throughout the world. We're committed to providing clean, reliable off-grid EV charging solutions that not only meet the growing demand for public charging infrastructure but also create a sustainable, recurring revenue stream for Beam with very favorable terms and no disruption for our airport or other partners .”
Five solar-powered EV ARC units are now deployed for public EV charging at the Belgrade Airport. Each off-grid unit can charge multiple vehicles at once, making it a resilient and sustainable solution for the airport's high-traffic environment. The systems are positioned in P1, Prime, the closest car park to the terminal building.
“We are proud to be at the forefront of promoting sustainable energy solutions in Serbia through this sponsorship with Beam Global” added Siniša Pratljačić, CEO at Globos Osiguranje. “By sponsoring EV ARC products at one of Serbia's most frequented locations, we are taking an important step in our commitment to environmental responsibility and green innovation.”
This first-of-its-kind partnership not only enhances Serbia's green infrastructure but also demonstrates Beam Global's potential to expand its unique EV charging solutions globally through sponsorship and owner-operator models.
“We are proud to make Belgrade Airport the first airport in the world to offer free, standalone, 100 percent solar-powered EV charging” said Chivoine Rem, Belgrade Airport CEO. “We are proud to lead the way in innovations and sustainable business practices, with a strong focus on reducing greenhouse gas emissions, water usage, protecting biodiversity and sustainable waste management. Our commitment to minimizing our carbon footprint aligns with Vinci Airports' global policy, which aims for zero CO2 emissions by 2050. To optimize energy consumption and to reduce CO2 emissions, we employ a range of strategies – we are already producing the energy from our solar power plant for couple of years and besides previously installed chargers at Tesla parking we are offering our customers with solar-powered EV chargers. These initiatives make Belgrade Airport unique in Serbia. Filling their EVs with renewable energy while they are here is an excellent example of the benefits that we are working to create. The partnership with Beam Global means that we are constantly able to offer more comfort to our travelers.”
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