Southwire Partners with BoxPower to Expand Microgrid Solutions
Carrollton, GA – October 31, 2024 – Southwire Company, LLC, a leading force in the wire and cable industry, has announced a strategic investment in BoxPower Inc., a prominent provider of turnkey microgrid platforms. This move signifies Southwire’s commitment to advancing sustainable energy solutions and its ambition to play a larger role in the burgeoning microgrid market.
BoxPower, headquartered in Grass Valley, California, specializes in designing, installing, and managing microgrids for various sectors, including utilities, EV charging, and commercial and industrial applications. Their comprehensive microgrid platform, comprised of modular hardware, advanced software services, and a team of industry experts, empowers organizations to deploy microgrids on a large scale, regardless of location.
This partnership is driven by a shared vision for a more sustainable and resilient energy future. Richard Oglesby, senior vice president of Industrial at Southwire, expressed his enthusiasm, stating, “We are thrilled to partner with BoxPower as part of Southwire’s dedication to fostering sustainable energy solutions. This investment allows us to deepen our understanding of microgrids and promote our core values of Growing Green and Giving Back through BoxPower’s efforts in wildfire mitigation, emissions reduction, and bringing power to rural communities.”
Charles Hume, managing director of Southwire Technology Ventures, highlighted the value this partnership brings to Southwire’s commitment to responsible power delivery, stating, “We are excited to partner with BoxPower on providing microgrid solutions for our customers. We believe that BoxPower’s offering will help utilities meet the challenges of sustainability and resiliency that are increasingly important in the 21st century.”
As part of this strategic alliance, Southwire will become a preferred partner for BoxPower in future utility projects. This collaboration will solidify Southwire’s presence in the expanding microgrid market while providing invaluable insights into emerging opportunities.
Anderson Barkow, co-founder and chief financial officer at BoxPower, emphasized the mutual benefits of this partnership, saying, “Southwire has been a leader in the energy and utility industry for over 70 years, and we are excited to collaborate with them to expand BoxPower’s reach and capabilities. Together, we can more effectively offer utility and commercial customers resilient microgrid solutions in a new world of rapidly growing energy demands, increasing natural disasters, and aging infrastructure.”
BoxPower joins a portfolio of investments managed by the Southwire Technology Ventures team, which focuses on partnering with innovative startups to shape the future of smart power.
About Southwire
Southwire Company, LLC is North America’s premier wire and cable company. With over 9,000 team members across the globe, the $8 billion organization is united as ONE Southwire, dedicated to serving their customers and communities. Southwire and its subsidiaries provide comprehensive solutions, including building wire and cable, metal-clad cable, utility products, portable and electronic cord products, and OEM wire products. Additionally, they offer electrical products, engineered solutions, and a range of field support services. To learn more about Southwire’s products, community involvement, and sustainability vision, please visit www.southwire.com.
About BoxPower
BoxPower Inc. is a leading turnkey microgrid platform provider. They specialize in designing, installing, and managing microgrids for utilities, EV charging, and commercial and industrial applications. Their end-to-end platform, featuring modular hardware, advanced software services, and a team of subject matter experts, enables organizations to deploy microgrids at scale, anywhere.
