Beam Global stock jumps after securing battery thermal management patent

Investing.com -- Beam Global (NASDAQ:BEEM) stock surged 8.5% on Tuesday after the company announced it has been granted a new patent for its Intelligent Battery Thermal Management (iBTM) system, which enables fast charging of lithium-ion batteries in extremely cold conditions.

The U.S. Patent Office awarded Patent No. US 12,431,549 for Beam’s technology that integrates a heating element with the company’s proprietary Phase Change Composite material to regulate battery temperature. Unlike conventional solutions that rely on complex active cooling systems, Beam’s innovation dynamically manages charging rates and monitors battery health.

"We continue to create new technology and intellectual property, which increases the value we deliver to the industry while also increasing barrier to entry for the competition," said Desmond Wheatley, CEO of Beam Global.

The patented system can precondition batteries for fast charging even in ultra-low temperatures, with early simulations showing a 10°C temperature increase in under three minutes. This capability expands the potential applications for Beam’s energy storage solutions, particularly in cold-weather environments where traditional fast charging faces significant challenges.

Beam’s iBTM technology works by continuously monitoring battery conditions and integrating with smart battery management systems to prevent degradation reactions that typically occur during fast charging at low temperatures. The company positions the innovation as enhancing safety, extending battery cycle life, and providing a scalable solution for electric mobility, defense, and energy storage applications.

Beam Global specializes in sustainable infrastructure solutions for transportation electrification and energy security.

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