Beam Global Taps MENA Market With Solvana Partnership

Beam Global BEEM has formed a partnership with Solvana, a branch of Greentech LLC, to broaden its presence in the Middle East and North Africa region.

The alliance aims to meet the rising demand for renewable energy, storage, and water treatment technologies, with a particular emphasis on the electrification of transportation and strengthening energy security.

Solvana and Beam Global have already begun delivering BeamWell products to Jordan, aiming to provide essential aid in Gaza.

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The BeamWell products offer solar-powered electricity for cooking and refrigeration, clean drinking water through a desalination plant, and electric mopeds to support the delivery of food, water, and medical supplies.

“The MENA region is experiencing significant growth in electrification, and we see a profound opportunity to grow Beam Global’s business in this region both through our lifesaving product, BeamWell, and through the deployment of our portfolio of renewably energized products and smart cities solutions,” said CEO Desmond Wheatley.

Solvana was established to meet the critical demand for sustainable solutions during crises in the MENA region. Additionally, Solvana is focusing on growth opportunities in countries like Saudi Arabia, Egypt, and Algeria, where renewable energy and electric vehicle sectors are expected to expand significantly.

The MENA region is expected to attract $1 trillion in renewable energy investments by 2030, with the electric vehicle sector in the region projected to reach $52.24 billion by the same year.

This partnership allows Beam Global to capitalize on growing off-grid infrastructure investments and meet the region’s increasing demand for clean energy and transportation solutions.

Price Action: BEEM shares traded lower by 1.36% at $2.17 at last check Tuesday.

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