Southwire – Southwire Invests in BoxPower
Southwire Company, LLC is pleased to announce an investment in BoxPower Inc., a turnkey microgrid platform provider.
BoxPower, based in Grass Valley, Calif., designs, installs and manages microgrids for utilities, EV charging and Commercial and Industrial Applications. With modular hardware, advanced software services, and a team of subject matter experts, BoxPower delivers an end-to-end microgrid platform that enables organizations to deploy microgrids at scale, anywhere.
“We are excited to partner with BoxPower as a part of Southwire’s commitment to fostering sustainable energy solutions. This investment allows us to both 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. This investment reflects our shared vision of a cleaner, more resilient energy future.” – Richard Oglesby, senior vice president of Industrial at Southwire
“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. We look forward to working with BoxPower as part of our core mission of responsible power delivery.” – Charles Hume, managing director of Southwire Technology Ventures
As a part of this investment, Southwire will be a preferred partner to BoxPower for future utility projects. The partnership will strengthen Southwire’s presence in the expanding microgrid market and provide valuable insights into emerging opportunities.
“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.” – Anderson Barkow, co-founder and chief financial officer at BoxPower
BoxPower joins a portfolio of investments managed by the Southwire Technology Ventures team. This team collaborates with pioneering startups to build the future of smart power.
SourceSouthwire
EMR Analysis
More information on Southwire: See the full profile on EMR Executive Services
More information on Rich Stinson (President and Chief Executive Officer, Southwire): See the full profile on EMR Executive Services
More information on Guyton Cochran (Executive Vice President and Chief Financial Officer, Southwire): See the full profile on EMR Executive Services
More information on Richard Oglesby (Senior Vice President OEM & Industrial Division, Southwire): See the full profile on EMR Executive Services
More information on Southwire Technology Ventures: https://www.southwire.com/technology-ventures + SWTV collaborates with pioneering startups to build the future of smart power. We invest in and partner with early-stage ventures exploring digital power, smart buildings, electric mobility and the grid of the future.
More information on Charles Hume (Managing Director, Southwire Technology Ventures, Southwire): See the full profile on EMR Executive Services
More information on BoxPower Inc. (Southwire Strategic Investment): https://boxpower.io/ + BoxPower provides clean, reliable and affordable energy to rural customers. Our ecosystem of software and hardware solutions optimize the performance and accelerate the deployment of solar plus storage microgrids. From energy audit to operation, BoxPower provides turnkey engineering, construction, and management services.
More information on Angelo Campus (Co-founder and Chief Executive Officer, BoxPower Inc.): https://boxpower.io/team/ + https://www.linkedin.com/in/angelo-campus-56693a10a/
More information on Anderson Barkow (Co-founder and Chief Financial Officer, BoxPower Inc.): https://boxpower.io/team/ + https://www.linkedin.com/in/anderson-barkow-43185240/
EMR Additional Notes:
- Grid, Microgrids, DERs and DERM’s:
- The power grid is a network for delivering electricity to consumers. The power grid includes generator stations, transmission lines and towers, and individual consumer distribution lines.
- The grid constantly balances the supply and demand for the energy that powers everything from industry to household appliances.
- Electric grids perform three major functions: power generation, transmission, and distribution.
- A microgrid is a small-scale power grid that can operate independently or collaboratively with other small power grids. The practice of using microgrids is known as distributed, dispersed, decentralized, district or embedded energy production.
- Smart Grid is any electrical grid + IT at all levels . Micro Grid is a group of interconnected loads and DERs (Distributed energy resources) within a clearly defined electrical and geographical boundaries witch acts as a single controllable entity with respect to the main grid.
- Distributed energy resources (DERs) are small-scale electricity supply (typically in the range of 3 kW to 50 MW) or demand resources that are interconnected to the electric grid. They are power generation resources and are usually located close to load centers, and can be used individually or in aggregate to provide value to the grid.
- Common examples of DERs include rooftop solar PV units, natural gas turbines, microturbines, wind turbines, biomass generators, fuel cells, tri-generation units, battery storage, electric vehicles (EV) and EV chargers, and demand response applications.
- Distributed energy resources management systems (DERMS) are platforms which helps mostly distribution system operators (DSO) manage their grids that are mainly based on distributed energy resources (DER).
- DERMS are used by utilities and other energy companies to aggregate a large energy load for participation in the demand response market. DERMS can be defined in many ways, depending on the use case and underlying energy asset.
- Software vs. Hardware vs. Firmware:
- Hardware is physical: It’s “real,” sometimes breaks, and eventually wears out.
- Since hardware is part of the “real” world, it all eventually wears out. Being a physical thing, it’s also possible to break it, drown it, overheat it, and otherwise expose it to the elements.
- Here are some examples of hardware:
- Smartphone
- Tablet
- Laptop
- Desktop computer
- Printer
- Flash drive
- Router
- Software is virtual: It can be copied, changed, and destroyed.
- Software is everything about your computer that isn’t hardware.
- Here are some examples of software:
- Operating systems like Windows 11 or iOS
- Web browsers
- Antivirus tools
- Adobe Photoshop
- Mobile apps
- Firmware is virtual: It’s software specifically designed for a piece of hardware
- While not as common a term as hardware or software, firmware is everywhere—on your smartphone, your PC’s motherboard, your camera, your headphones, and even your TV remote control.
- Firmware is just a special kind of software that serves a very narrow purpose for a piece of hardware. While you might install and uninstall software on your computer or smartphone on a regular basis, you might only rarely, if ever, update the firmware on a device, and you’d probably only do so if asked by the manufacturer, probably to fix a problem.
- Hardware is physical: It’s “real,” sometimes breaks, and eventually wears out.