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.
News Market Reaction – ETN
On the day this news was published, ETN gained 2.91%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 xStorageTM 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
Contact:
Kristin Somers
+1.919.345.3714
Kristincsomers@eaton.com
Regina Parundik
Cobblestone Communications
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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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SOURCE: Eaton
View the original press release on accesswire.com
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