Eaton Launches Energy Storage System To Accelerate Decarbonization and Electrification for Commercial and Industrial Customers Across North America

Rhea-AI Summary

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.

Positive

• Revenue of $23.2 billion in 2023
• Launch of new revenue-generating product line with xStorage BESS
• Scalable solution with capacity expansion capabilities
• Strong market presence across 160+ countries

Negative

• None.

Insights

Tech Expert

The launch of xStorage BESS represents a significant strategic move in the commercial energy storage market. The system's 250-1000 kWh capacity range with parallel scaling capabilities positions it competitively in the mid-scale commercial segment. Key technical differentiators include microgrid islanding functionality, integration with Brightlayer software for predictive monitoring and modular design flexibility.

The system's ability to participate in demand response programs and energy markets through built-in digital capabilities creates multiple revenue streams for customers. This launch strengthens Eaton's position in the rapidly growing energy storage market, estimated to reach $435 billion by 2030. With established infrastructure and a nationwide service network, Eaton has significant advantages over newer market entrants in deployment and maintenance.

Market Research Analyst

This product launch aligns perfectly with Eaton's transformation from a traditional power management company to a key player in the energy transition market. The timing is strategic, as commercial businesses face increasing pressure to reduce carbon footprints and manage rising energy costs. The xStorage BESS addresses both challenges while providing energy arbitrage opportunities.

With $23.2 billion in 2023 revenue and presence in over 160 countries, Eaton has the financial strength and distribution network to capture significant market share. The focus on commercial and industrial customers, particularly targeting data centers where Eaton already has strong relationships, presents a clear path to revenue growth in the expanding energy storage sector.

• xStorage battery energy storage system helps maximize onsite renewables, reduce energy costs and decarbonize power systems

• Eaton's national network of engineers, digital monitoring and management software provide comprehensive commissioning and maintenance support

PITTSBURGH, PA / ACCESSWIRE / November 21, 2024 / Intelligent power management company Eaton announced the xStorage^TM battery energy storage system (BESS) to accelerate decarbonization projects and maximize the impact of onsite renewables. By providing the ability to strategically dispatch stored energy and operate independently from the electric grid, the solution can help communities and businesses reduce energy costs, lower carbon emissions and maintain power during utility outages.

Energy storage is cornerstone to Eaton's Everything as a Grid approach to the energy transition. The interoperable xStorage BESS transforms facilities from loads on the grid into intelligent energy assets by accumulating energy from onsite generation sources and discharging the energy strategically to make the biggest impact. The solution enables customers to tap into stored energy when utility rates are highest, if an outage is detected or when energy markets are favorable for selling excess energy back onto the grid.

"Communities and businesses have a significant opportunity to improve the environment and the bottom line by taking greater control over their energy systems," said Aidan Graham, senior vice president and general manager of Critical Power Solutions at Eaton. "We've already proven the capabilities of our grid-interactive energy storage technology within the data center industry. Now, we're excited to help even more customers advance reliable, sustainable and affordable power with our xStorage BESS."

With built-in microgrid islanding capabilities, xStorage BESS helps minimize the impact of unplanned utility outages. It also provides the digital capabilities needed to monetize energy systems through participation in grid-connected demand response programs and energy markets. Predictive, remote equipment health monitoring and system management are enabled through Eaton's Brightlayer software suite.

To help customers scale as needs evolve, Eaton's xStorage BESS provides 250 to 1000 kilo-watt hours (kWh) of usable stored energy and can be paralleled to double capacity in the future. A modular design provides customers with flexible installation options and reduced footprint. And with Eaton's national network of highly trained field service engineers, the turnkey solution can incorporate expert commissioning and lifecycle maintenance services.

Learn more about Eaton's xStorage BESS and Everything as a Grid approach.

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 Eaton.com. Follow us on LinkedIn.

Contact:

Kristin Somers
+1.919.345.3714
Kristincsomers@eaton.com

Regina Parundik
Cobblestone Communications
+1.412.559.1614
Regina@cobblecreative.com

Eaton's new xStorage battery energy storage system can help accelerate decarbonization projects and maximize the impact of onsite renewables.

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Contact Info:
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SOURCE: Eaton

View the original press release on accesswire.com

FAQ

What is Eaton's xStorage BESS capacity range?

Eaton's xStorage BESS provides 250 to 1000 kWh of usable stored energy and can be paralleled to double capacity.

What are the main features of Eaton's (ETN) new xStorage system?

Eaton's xStorage system features strategic energy dispatch, grid-independent operation, microgrid islanding capabilities, remote monitoring through Brightlayer software, and flexible installation options.

How much revenue did Eaton (ETN) report in 2023?

Eaton reported revenues of $23.2 billion in 2023.

What markets does Eaton's (ETN) xStorage BESS target?

The xStorage BESS targets commercial and industrial customers across North America, helping them reduce energy costs, lower carbon emissions, and maintain power during utility outages.