Southwire Taps Plug Power, Inc. to Advance Carbon Reduction from the Supply Chain

Core Insights - Southwire partners with Plug Power to implement a clean hydrogen ecosystem at its new distribution site in Dallas-Fort Worth, Texas, marking Plug's entry into the industrial supplier market [1][2] - The initiative aims to enhance sustainability and carbon reduction goals, with Plug providing hydrogen-powered forklifts and infrastructure [3][4] Company Overview - Southwire is North America's leading wire and cable manufacturer, with an annual revenue of $8.4 billion and over 9,000 employees [6] - Plug Power is a pioneer in the hydrogen economy, offering a fully integrated ecosystem for hydrogen production, storage, delivery, and power generation [7][8] Partnership Details - Under the agreement, Plug will supply more than 50 hydrogen-powered forklifts and a fueling station with four dispensers, sourcing hydrogen from its facilities in Georgia, Tennessee, or Louisiana [3] - Plug will provide on-site service for the fuel cells for five years and maintain the hydrogen infrastructure for ten years [3] Sustainability Goals - Southwire's sustainability strategy includes reducing greenhouse gas emissions and promoting energy efficiency, with the Plug solution expected to displace over 1 million pounds of CO2 annually [4] - The partnership reflects a commitment to sustainability embedded in both companies' cultures and decision-making processes [5] Market Impact - Plug's hydrogen solutions are designed to replace traditional batteries, providing reliable power while eliminating emissions, thus enhancing operational efficiency for customers [5] - Plug has deployed over 70,000 fuel cell systems and operates 250 fueling stations, leading the market in hydrogen production [8]