Southwire, a leading North American manufacturer of wire and cable, will tap Plug Power Inc. (NASDAQ: PLUG), a global leader in hydrogen solutions for the hydrogen economy, to implement a clean hydrogen ecosystem at its new distribution site in Dallas-Fort Worth, Texas.
This initiative marks Plug’s entry into the industrial supplier market, building on its established presence in the e-commerce and retail sectors. Through this partnership with Southwire, Plug is expanding its reach by demonstrating the versatility and appeal of its green hydrogen solutions in new markets.
Under the recently signed agreement, Plug will supply more than 50 hydrogen-powered forklifts, equipped with GenDrive fuel cells, and a fueling station featuring four GenFuel dispensers. Plug will also source hydrogen from one of its production facilities in Georgia, Tennessee or Louisiana. Additionally, Plug will provide on-site service for the fuel cells for an initial five-year period and maintain the hydrogen infrastructure for 10 years.
Aiming to accelerate carbon reduction goals from the supply chain, Southwire has embedded sustainability into the strategy and its business practices. The company's commitment to sustainability encompasses promoting energy and water efficiency, reducing greenhouse gas emissions, sourcing and redesigning with sustainable materials and enhancing circular economy. The Plug solution is expected to displace over 1 million pounds of CO2 per year from our direct operations.
"The deployment of our hydrogen and fuel cell solutions at Southwire reflects our laser-focused commitment to our core markets and a return to the fundamentals that have driven our success," said Plug CEO, Andy Marsh. "Today, sustainability is a critical factor in the decision-making processes of many organizations. Our innovative hydrogen infrastructure provides a sustainable alternative at any scale."
“Our partnership with Plug Power is a testament to the commitment of our stakeholders, as well as our team members to ensure sustainability is part of our culture, embedded in our daily decision-making process,” said Se Oh, Southwire’s vice president of operations sustainability. “As we seek to discover what is possible, we’ll continue to leverage our partners such as Plug Power to help make Southwire generationally sustainable for the next 75 years and beyond.”
Plug revolutionized the material handling industry by establishing the first commercial market for fuel cells. Designed as direct replacements for traditional batteries, Plug’s fuel cells deliver reliable, consistent power while eliminating emissions. With the added benefit of clean hydrogen supply, Plug enables customers to keep their fleets running 24/7, maximizing productivity and operational efficiency.
