Welcome to our dedicated page for Eaton news (Ticker: ETN), a resource for investors and traders seeking the latest updates and insights on Eaton stock.
Eaton Corporation plc (NYSE: ETN) is an intelligent power management company whose news flow reflects its activities across data center, utility, industrial, commercial, residential, aerospace and mobility markets. Company announcements often highlight how Eaton is addressing power management challenges tied to electrification, digitalization and the rapid growth of AI-driven computing.
On this page, readers can follow ETN news related to data center infrastructure, including investments in new manufacturing facilities for critical power distribution technologies and reference architectures for higher-voltage direct current power in AI data centers. Eaton’s communications describe a grid-to-chip strategy for AI factories, and news items frequently cover developments that support equipment uptime, reliability and the increasing power requirements of high-density computing.
Eaton news also covers utility and grid projects, such as deployments of advanced grid planning software that help electric utilities manage record-setting electricity demand, evaluate infrastructure investments and integrate new energy resources. Additional updates may include sustainability milestones, external rankings for environmental performance, earnings releases, dividend declarations, changes in executive leadership and planned acquisitions that expand Eaton’s capabilities in areas like thermal management for data centers and aerospace.
Investors and observers can use this ETN news feed to monitor how Eaton’s strategy in electrification, digitalization and sustainability is reflected in its operational decisions, financial performance disclosures and corporate governance updates. Regularly reviewing these items provides context for Eaton’s role in power management across multiple end markets and its responses to evolving demand for electricity and AI infrastructure.
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.
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.
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.
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.
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.
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.
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.
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.
Eaton (NYSE:ETN) reported strong Q3 2024 results with earnings per share of $2.53, up 14% year-over-year, and record adjusted earnings per share of $2.84, up 15%. Sales reached a Q3 record of $6.3 billion, up 8% from 2023. The company achieved record segment margins of 24.3% and record quarterly operating cash flow of $1.3 billion. Strong order growth was seen across segments, with Electrical Americas orders up 16% and backlog growth of 25% in Electrical and 14% in Aerospace. Based on strong performance, Eaton raised its full-year 2024 guidance, expecting adjusted earnings per share between $10.75 and $10.81, up 18% at midpoint over prior year.
Eaton has launched its new Inflation Reduction Act (IRA) Savings Calculator in collaboration with Rewiring America. This tool helps homeowners estimate federal tax rebates and incentives for electrical system upgrades. The calculator provides personalized savings estimates, detailed breakdowns of smart technology recommendations, and connects users with local Eaton Certified electricians.
The initiative supports Eaton's Home as a Grid approach, which aims to transform homes from energy users to producers through intelligent energy management technologies. With $369 billion in IRA funding available for clean energy programs, the calculator simplifies access to sustainable living practices while helping contractors better advise clients on eco-friendly upgrades.