Beckwith Electric (Part of Hubbell Utility Solutions)
Incorporation and History:
Beckwith Electric was founded by Robert W. Beckwith on May 8, 1967, in Illinois, with a focus on equipment and services for the electric utility sector. The company is known for pioneering the first solid-state tap changer control in 1968, cementing its legacy in power system protection and automation solutions. Beckwith Electric celebrated its 50th anniversary in 2017, highlighting its long-standing commitment to the industry.
Core Products and Services:
The company specializes in protective relays for power generation, transmission, and distribution systems. Key products include transformer and generator protection solutions, regulator control products, and motor bus transfer systems. Their product offerings also feature advanced distribution automation and optimization solutions like Volt/VAr Management (VVO) and Conservation Voltage Reduction (CVR), which incorporate embedded cybersecurity measures.
Strategic Innovations:
Beckwith Electric's innovative products include the M-7679 R-PAC for recloser and sectionalizer applications, and the M-2001D Tapchanger Control for smart grids. The M-6200A Digital Voltage Regulator Control is designed to address challenges posed by distributed energy resources, compatible with major OEMs such as Eaton Cooper and GE.
Market Position and Recent Developments:
Acquired by Hubbell Utility Solutions for $54.3 million in December 2020, Beckwith Electric operates within Hubbell's focus on utility market protection and control. This acquisition underscores Beckwith's role as a leading provider of power system solutions. Recently, new leadership appointments, including Drew Welton as Director of Sales, are enhancing strategic sales capabilities.
Leadership Team:
- Thomas R. Beckwith: CEO, driving strategic leadership and business strategy implementation.
- Dr. Murty V. V. S. Yalla: Vice President – General Manager, with extensive experience in digital power system protection. Dr. Yalla has held significant roles within IEEE and IEC committees.
- Thai Li: VP of Engineering, responsible for engineering operations.
- Kevin Gerrish: VP of Operations, overseeing overall operations.
Geographical Reach:
Beckwith Electric's operations extend to the United States, Canada, Russia, and the Middle East, under the guidance of Industrial Sales & Application Manager, Sean Luong.
Company Vision and Expertise:
As part of the Hubbell family, Beckwith Electric advances its mission to provide engineered solutions for power system protection, automation, and control, supporting global utilities, power plants, and industrial facilities. Committed to innovation, Beckwith Electric remains at the forefront of power systems technology to address evolving infrastructure challenges.
Competitor Profiling for Beckwith Electric
Overview:
Beckwith Electric, a division of Hubbell Utility Solutions, delivers innovative products and services for electric power production, transmission, and distribution. The company generates an estimated annual revenue of $34.4 million and employs 142 individuals, experiencing a 5% annual growth in employee numbers.
Key Competitors:
1. Qualitrol: Established in 1945, notable for monitoring and protection devices across 93 countries, particularly in partial discharge monitoring, aligning with Beckwith Electric's offerings.
2. American Electric Power (AEP): A major utility company with operations across 11 U.S. states and the nation's largest transmission network, presenting significant competition in the electricity sector.
3. Maven Power: Specializes in on-site power generation engineering and system integration, offering services from feasibility studies to turnkey solutions, matching Beckwith's technical service focus.
4. Duke Energy: A Fortune 150 company investing in grid upgrades and clean energy, known for customer reliability and generation technologies.
5. FirstEnergy: Involved in generating, transmitting, and distributing electricity, with one of the largest investor-owned electric systems, offering stiff market competition.
Market Position:
Beckwith Electric's competitors vary across market areas and specialties. Qualitrol and AEP offer directly comparable products and services. Maven Power mirrors Beckwith's focus on engineering and integration, while Duke Energy and FirstEnergy represent industry standards in large-scale operations and infrastructure modernization.
Strategic Insights:
To effectively position itself, Beckwith Electric must leverage its innovative solutions and employee growth, emphasizing technical superiority and customer-centered approaches. The company’s strategic focus on innovation and workforce expansion illustrates a robust plan to respond to market demands and maintain competitiveness.
