Business & Economy
Dunston’s Power Wholesale working with NOF to deliver surge in market growth
November 1, 2021
An independent electrical materials distributor has revealed major growth plans.
Power Wholesale Ltd aims to significantly boost turnover through plans that will double its five-strong branch network and put the firm at the heart of the green energy revolution.
Bosses hope to hit £30 million turnover over the next five years, with new bases complementing plans to increase energy sector exports and the launch of an ecommerce platform that will include products such as electric vehicle charge points and smart home systems.
Based in Dunston, Gateshead, Power Wholesale was founded in 1964 as a kitchen appliance firm.
However, having evolved over three decades, it now operates as an electrical material distributor to the trade, domestic, industrial, oil and gas, petrochemical and renewable energy sectors, serving customers from branches in Dunston, Cramlington, Teesside, Nottingham and Southampton.
The company is a member of energy sector business development organisation NOF, and is working with the operator to increase its presence in the industrial renewables sector.
Neil Cornish, Power Wholesale managing director, said: “By continually evolving the business we have delivered continued growth, which we aim to maintain with our strategy to become more involved in the supply chain that is supporting the energy transition.
“With a growing branch network and increased export activity we are playing an active part in supporting the innovation within the sector that will help deliver a low-carbon future.”
Paul Livingstone, NOF’s head of business development and membership, added: “Power Wholesale has proven to be a valuable supply chain partner across both domestic and industrial energy markets.
“We work closely with companies like Power Wholesale to increase their visibility within the energy sector and increase their knowledge of market activity, which can provide them with the opportunities to contribute to the energy transition while delivering upon its growth strategy.”