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Eaton Corporation, plc Ordinary Shares - ETN STOCK NEWS

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Eaton Corporation plc is a leading American-Irish multinational power management company, recognized globally for its innovative solutions in managing electrical, hydraulic, and mechanical power. Founded in 1911, and with its global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, Ohio, Eaton has consistently positioned itself at the forefront of the power management industry.

With 2022 sales amounting to $20.75 billion, Eaton operates through several primary segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility. This diversified portfolio enables Eaton to cater to a wide range of end markets, including commercial vehicles, general aviation, trucks, data centers, utilities, and residential applications.

Eaton's recent achievements highlight its commitment to growth and innovation. The company has expanded its manufacturing capacity with a new state-of-the-art assembly plant in Santiago de los Caballeros, Chile, and a modern campus in Helsinki, Finland, to meet the rising demand for its products. These facilities focus on producing critical components like UPS systems and Bussmann series fuses, which are essential in data centers, renewable energy projects, industrial buildings, and electric vehicles.

In addition to facility expansions, Eaton is actively participating in the BIG LEAP project, an EU research initiative aimed at enhancing energy storage efficiency using second-life batteries from electric vehicles. This project underlines Eaton's dedication to sustainability and innovation in energy management.

Eaton also places a strong emphasis on sustainability and environmental stewardship. The company is dedicated to protecting the environment and improving the quality of life for people everywhere through its products and solutions. By capitalizing on global trends like electrification and digitalization, Eaton is accelerating the planet's transition to renewable energy sources and helping solve some of the most urgent power management challenges.

With over a century of experience, Eaton remains a trusted name, serving customers in more than 160 countries. The company reported revenues of $23.2 billion in 2023, showcasing its robust financial condition and commitment to innovation.

For more information, visit Eaton.com. Follow Eaton on LinkedIn.

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Eaton is implementing a renewable energy microgrid at Maplewood Intermediate/Middle School in Menasha, Wisconsin, set to be the largest of its kind in the state. The project, scheduled for completion in 2025, will help achieve net zero energy status and is expected to save the Menasha Joint School District $190,000 in annual energy costs.

The microgrid system incorporates 1.3 megawatts of solar PV panels, energy storage, and natural gas generators. At its core are Eaton's new microgrid controller and battery energy storage system (BESS), enabling strategic energy management. The school, serving approximately 1,000 students, is being built from the ground up with advanced energy conservation strategies to support regional carbon neutrality goals.

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Eaton is implementing a renewable energy microgrid at Maplewood Intermediate/Middle School in Menasha, Wisconsin, set to be the largest of its kind in the state. The project, scheduled for completion in 2025, will help the school district save $190,000 in annual energy costs and achieve net zero energy status. The system includes 1.3 megawatts of solar PV panels, energy storage, and natural gas generators.

The project features Eaton's new microgrid controller integrated into a switchboard and xStorage™ battery energy storage system (BESS), enabling strategic energy management. The Menasha Joint School District is pursuing Inflation Reduction Act tax credits to maximize the project's value, with Eaton providing guidance on equipment specifications to meet domestic preference requirements.

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Eaton has launched the xStorage battery energy storage system (BESS) to accelerate decarbonization and maximize onsite renewable energy usage. The system provides 250 to 1000 kWh of usable stored energy, with the ability to double capacity through parallel installation. xStorage BESS enables strategic energy dispatch, grid-independent operation, and participation in demand response programs. The solution includes microgrid islanding capabilities, remote monitoring through Brightlayer software, and comprehensive maintenance support through Eaton's national engineer network. The company reported revenues of $23.2 billion in 2023 and serves customers in over 160 countries.

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Eaton has launched the xStorage battery energy storage system (BESS) to accelerate decarbonization and maximize onsite renewable energy usage. The system enables customers to store and strategically dispatch energy, helping reduce costs and maintain power during outages. The xStorage BESS provides 250 to 1000 kWh of usable stored energy, with the ability to double capacity through parallel installation. The solution includes microgrid islanding capabilities and integrates with Eaton's Brightlayer software for remote monitoring. Eaton's national network provides commissioning and maintenance support for this turnkey solution.

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Eaton's new global study reveals companies are increasingly willing to abandon legacy technologies to adopt AI and machine learning. The research shows only 23% of companies now view legacy technology as a digitalization barrier, down from 33% in 2022. Key sector findings include: data centers focusing on facility upgrades (42.3%) and capacity expansion (38.6%); utilities expecting significant grid capacity increases; manufacturers seeing AI as key for decarbonization (66%); and building operators planning to install management systems for energy optimization. The study, conducted by S&P Global Market Intelligence, surveyed digital transformation leaders across data center, utilities, buildings, and manufacturing sectors in North America, Europe, and Middle East.

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Eaton has been selected by MDA Space to provide high-performance propellant storage tanks for the MDA AURORA™ satellite technology. The tanks will store and transfer fuel to satellite propulsion systems in orbit, supporting the transition from analog to digital satellite technology. This technology will be utilized in Telesat's Low Earth Orbit constellation, Telesat Lightspeed, aimed at providing global enterprise-class connectivity. The software-defined MDA AURORA™ product line offers operators enhanced flexibility and functionality while reducing costs and time to market.

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Eaton announces a strategic collaboration with Treehouse to accelerate residential electrification projects in the U.S. The partnership combines Eaton's digitally enabled electrical solutions with Treehouse's AI-powered software and installation capabilities to streamline EV charging and home energy management installations. Eaton will become the preferred technology supplier for Treehouse installations, providing solutions including its AbleEdge ecosystem, Green Motion EV chargers, and smart home solutions. The collaboration aims to provide consumers with fast, accurate pricing and access to licensed electricians while helping contractors complete projects more efficiently.

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Eaton (ETN) announces a strategic collaboration with Treehouse to accelerate residential electrification projects in the U.S. The partnership combines Eaton's digitally enabled electrical solutions with Treehouse's AI-powered software and installation capabilities. Eaton will become the preferred technology supplier for Treehouse installations, providing solutions including AbleEdge home energy management ecosystem and Green Motion EV chargers. The collaboration aims to streamline the installation of EV charging, energy storage, and heat pumps by offering consumers fast pricing and access to licensed electricians while ensuring code-compliant installations.

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Eaton (ETN) has been awarded a $3.5M contract by the Air Force Research Lab (AFRL) to design a new podded refueling boom system called SHARK (Small Hybrid Aerial Refueling Kit). The platform-agnostic design will enable both traditional and non-traditional tanker aircraft to perform safe in-flight refueling, including autonomous systems. The contract was awarded through AFRL's Transformational Capabilities Office following Eaton's participation in the Air-to-Air Refueling Mechanism Digital Design Challenge by AFWERX.

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Eaton (NYSE:ETN) has appointed Omar Zaire as president, Corporate and Electrical Sector, EMEA region, succeeding Tim Darkes who will retire effective June 1, 2025. Zaire, who brings 27 years of electrical industry experience including 16 years at Eaton, will report to Heath Monesmith, Chief Operating Officer, Electrical Sector. Currently serving as senior vice president and general manager of Power Reliability Division, Electrical Sector, Americas, Zaire has held various leadership roles globally. The company reported revenues of $23.2 billion in 2023 and serves customers in more than 160 countries.

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FAQ

What is the current stock price of Eaton Corporation, plc Ordinary Shares (ETN)?

The current stock price of Eaton Corporation, plc Ordinary Shares (ETN) is $371.23 as of January 22, 2025.

What is the market cap of Eaton Corporation, plc Ordinary Shares (ETN)?

The market cap of Eaton Corporation, plc Ordinary Shares (ETN) is approximately 134.7B.

What does Eaton Corporation plc specialize in?

Eaton specializes in power management solutions, offering products and services across electrical, aerospace, vehicle, and eMobility segments.

Where is Eaton Corporation plc headquartered?

Eaton Corporation plc has its global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, Ohio, USA.

What were Eaton's sales figures for 2022?

Eaton reported sales of $20.75 billion in 2022.

How long has Eaton Corporation plc been in business?

Eaton was founded in 1911, making it a century-old company with a long history in power management.

What are some recent developments at Eaton Corporation plc?

Recent developments include the opening of new manufacturing facilities in Santiago de los Caballeros, Chile, and Helsinki, Finland, and participation in the BIG LEAP project for energy storage innovation.

What is the BIG LEAP project?

The BIG LEAP project is an EU research initiative aimed at enhancing energy storage efficiency using second-life batteries from electric vehicles, with Eaton playing a key role in its development.

How does Eaton contribute to sustainability?

Eaton focuses on protecting the environment and improving quality of life through sustainable power management solutions, supporting the transition to renewable energy sources.

What are Eaton's main business segments?

Eaton operates through segments including Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility.

How can I learn more about Eaton's products and services?

For more information on Eaton's products and services, visit their official website at www.eaton.com.

Where can I follow Eaton Corporation plc on social media?

You can follow Eaton Corporation plc on LinkedIn and other major social media platforms.
Eaton Corporation, plc Ordinary Shares

NYSE:ETN

ETN Rankings

ETN Stock Data

134.74B
394.43M
0.18%
84.9%
1.23%
Specialty Industrial Machinery
Misc Industrial & Commercial Machinery & Equipment
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United States of America
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