Eaton to Help Modernize Infrastructure for Miami’s Metromover

Rhea-AI Summary

Eaton (ETN) has been selected to modernize the electrical infrastructure of Miami's Metromover transit system, which served over 6.5 million riders in 2023. The project, supported by Infrastructure Investment and Jobs Act funding, is part of Miami-Dade County's $153 million initiative to expand and upgrade its automated train network. Eaton will supply low-voltage air replacement circuit breakers and motor control components to modernize 21 aging electrical substations. The project is expected to be completed by early 2025.

Positive

• Secured contract for Miami-Dade County's $153 million infrastructure initiative
• Project leverages federal Infrastructure Investment and Jobs Act funding
• Company reported strong revenues of $23.2 billion in 2023
• Implementation of digital monitoring solutions to increase system reliability

Negative

• None.

Insights

Infrastructure Development Analyst

The $153 million Miami-Dade Metromover modernization project represents a significant infrastructure investment with positive implications for Eaton. The contract to upgrade 21 electrical substations positions Eaton to capture value from the Infrastructure Investment and Jobs Act funding. The project's scope, involving low-voltage circuit breakers and motor control components, demonstrates strong execution of Eaton's power management strategy.

The modernization approach using retrofit solutions instead of complete substation replacement shows cost-effective project management while maintaining the potential for future expansion. With Metromover's 6.5 million riders in 2023, this infrastructure upgrade addresses a critical mass transit system need while providing Eaton with steady revenue through early 2025.

• Infrastructure funding and regional initiatives support Metromover upgrades

PITTSBURGH--(BUSINESS WIRE)-- Intelligent power management company Eaton is helping Miami-Dade Transportation & Public Works update the electrical system supporting its Metromover mass transit system that carried more than 6.5 million riders in 2023. The project is supported by Infrastructure Investment and Jobs Act (IIJA) funding and is part of Miami-Dade County’s broader $153 million initiative to expand and upgrade the reliability of its automated train network. The project is expected to be completed by early 2025.

Eaton is helping update the electric infrastructure supporting Miami's Metromover mass transit system. (Photo: Business Wire)

“The future of transportation is considerably more electric, and we’re excited to enable the large-scale infrastructure projects needed to make it happen,” said Igor Stamenkovic, senior vice president and general manager for Eaton’s Electrical Engineering Services & Systems division. “By modernizing the existing energy systems to work smarter, safer and more resiliently, we’re helping Miami-Dade Transportation & Public Works prepare for the future in a timely and cost-effective manner by avoiding complete infrastructure overhaul.”

Eaton solutions will enable Miami-Dade Transportation & Public Works to monitor and manage its electrical systems to increase uptime and reliability. The company’s digitalization approach provides a better way to manage power, supporting insights into equipment health and notifications of potential issues before they result in downtime.

Eaton is supplying the transit authority with low-voltage air replacement circuit breakers and new motor control components to modernize 21 aging electrical substations. Eaton’s retrofit capabilities will help boost the electrical capacity, reliability and safety of the Metromover to support its planned expansion without significant cost or additional footprint required for complete substation replacement.

Learn more about Eaton’s solutions for federal clean energy, stimulus and infrastructure initiatives.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241023370136/en/

Kristin Somers

+1.919.345.3714

kristincsomers@eaton.com

Regina Parundik

Cobblestone Communications

+1.412.559.1614

Regina@cobblecreative.com

Source: Eaton

FAQ

What is Eaton's (ETN) role in the Miami Metromover modernization project?

Eaton is modernizing 21 electrical substations by providing low-voltage air replacement circuit breakers and motor control components, along with digital monitoring solutions to increase system reliability.

When will Eaton (ETN) complete the Miami Metromover modernization project?

The project is expected to be completed by early 2025.

How many riders used Miami's Metromover system in 2023?

The Metromover mass transit system carried more than 6.5 million riders in 2023.

What is the total value of Miami-Dade County's Metromover upgrade initiative that Eaton (ETN) is part of?

The project is part of Miami-Dade County's broader $153 million initiative to expand and upgrade its automated train network.