Eaton Corporation, plc Ordinary Shares - ETN STOCK NEWS

Eaton introduces Brightlayer Data Centers, a digital platform to enhance data center sustainability governance. As digitalization accelerates, data centers face increasing pressure to reduce their carbon footprint. Eaton's solution goes beyond traditional DCIM capabilities, offering:

1. Data Center Performance Management (DCPM) for operational efficiencies
2. Electrical Power Monitoring System (EPMS) for energy flow insights
3. Distributed IT Performance Management (DITPM) for remote asset control

The platform aligns with ISO/IEC 30314 standards, providing comprehensive metrics like PUE, WUE, and REF. It aims to streamline compliance reporting, optimize operations, and uncover opportunities to reduce resource consumption, ultimately improving data center performance and sustainability.

Eaton (NYSE:ETN) has published its 2023 Sustainability Report and Global Inclusion and Diversity Transparency Report, highlighting substantial progress toward its 2030 ESG targets. The company has reduced greenhouse gas (GHG) emissions by 31% since 2018 and certified 79% of its manufacturing sites as zero waste to landfill. In addition, Eaton surpassed its water target by certifying 16% of sites as zero water discharge. The company has invested $1.3 billion in sustainable R&D since 2020, aiming for $3 billion by 2030.

On the inclusion and diversity front, Eaton increased the representation of women in salaried positions to nearly 28% and U.S. minorities to over 24%, with goals of 40% and 34% by 2030, respectively. The employee inclusion index score reached 77% against a goal of 80%. Eaton's board and senior leadership maintain strong diversity.

Guided by its commitment to sustainability and inclusivity, Eaton aims to improve quality of life and address power management challenges globally. The company reported $23.2 billion in revenues in 2023 and serves customers in over 160 countries.

Eaton, an intelligent power management company, is launching new clean energy projects in the U.S., China, and France, aiming to reduce carbon emissions by 50% and achieve carbon neutrality by 2030. These projects include a clean energy microgrid in Puerto Rico, solar PV installations in China, and solar carports in France. The initiatives will help power innovation and manufacturing while cutting energy costs and emissions, already reducing emissions by over 20,000 metric tons annually. Eaton's Chief Sustainability Officer, Harold Jones, will discuss these efforts at the Reuters Global Energy Transition 2024 event in New York City.

Eaton is collaborating with the University of Notre Dame to establish an electric vehicle (EV) charging infrastructure. This initiative aims to support the university's goal of achieving carbon neutrality by 2050. Eaton will provide its Green Motion Building chargers, which will be installed at multiple campus locations, including utility and maintenance buildings, parking lots, and the bookstore. The chargers will be managed using Eaton's Charging Network Manager software, allowing remote monitoring, cost management, and access control. This project continues a 30-year relationship between Eaton and Notre Dame and is part of Eaton's broader efforts to support electrification and sustainability.

Eaton has joined the BIG LEAP project, a Horizon Europe initiative involving 16 partners, to enhance energy storage systems using second-life batteries from electric vehicles.

The project will last three and a half years and aims to develop an open-source Battery Management System (BMS) that improves interoperability between various battery chemistries and architectures.

Eaton's team, based in Prague, will create a modular 500 kWh energy storage system at the Eaton European Innovation Center (EEIC) to demonstrate cost and energy savings in commercial buildings.

The project also aims to standardize a quicker and more cost-effective battery refurbishment process, strengthening the value chain for second-life batteries.

Eaton has made a strategic investment in NordicEPOD, a former subsidiary of CTS Nordics, which specializes in standardized power modules for data centers in the Nordic region. The investment aims to broaden Eaton's reach in the European data center market, which is expanding rapidly due to increased demand for cloud, edge computing, and AI. This relationship is expected to reduce complexity, costs, and lead times for large modular data centers. Eaton reported revenues of $23.2 billion in 2023 and serves customers in over 160 countries.

Eaton has expanded its education and testing centers in Pittsburgh, Houston, and Marshall, Michigan, offering hands-on programs to accelerate fleet electrification. With over half of fleets planning to decarbonize by 2027, Eaton's initiatives aim to educate fleet owners and OEMs on scalable, affordable, and reliable solutions.

Eaton's Experience Centers in Pittsburgh and Houston allow visitors to engage with real-world fleet charging applications and infrastructure, including safety switches, transformers, and panelboards. The Marshall, Michigan campus features extensive vehicle electrification facilities for testing and training.

Key innovations include the industry-first EV Charging Busway, integrated panelboards, and switchboards, and the Eaton Green Motion Fleet chargers. Additionally, Eaton's Charging Network Manager software facilitates installation, remote management, and energy consumption control.

These efforts support the transition to zero-emission vehicle fleets, aligning with Eaton's commitment to sustainability and renewable energy solutions.

Eaton has inaugurated a new manufacturing campus in Helsinki to meet the rising demand for its EnergyAware Uninterruptible Power Supply (UPS) systems, including the new Eaton 9395X. This facility will bolster Eaton's capacity in producing three-phase UPS systems, essential for data centers, healthcare, and other sectors requiring reliable power supply. The 9395X model is compact, energy-efficient, and integrates Eaton's proprietary technology for grid flexibility. The expansion will create over 100 new jobs, enhancing the existing workforce and supporting the company's rapid growth in the region.

Eaton (NYSE: ETN) has acquired Exertherm, a UK-based provider of thermal monitoring solutions for electrical equipment. This acquisition aims to enhance Eaton's Brightlayer software suite, delivering better data insights for operations optimization. Exertherm, known for its innovative technology, integrates its solutions into low- and medium-voltage switchgear, busway, and motor control centers, enhancing global protection of critical electrical infrastructure. Eaton, with $23.2 billion revenue in 2023, focuses on sustainable power management solutions across various industries, supporting the global shift towards electrification and digitalization.