Articles from Eaton

Intelligent power management company Eaton has been named one of the World’s Most Admired Companies by FORTUNE magazine for the eighth straight year.

For the third year in a row, intelligent power management company Eaton was ranked in the top 10 of Resilinc’s Top 30 Most Resilient Suppliers to the high-tech industry. This award recognizes companies who have outstanding supply chain risk and resiliency programs.

Intelligent power management company Eaton (NYSEETN) will announce fourth quarter 2024 earnings on Friday, January 31, 2025, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss fourth quarter 2024 earnings results with securities analysts and institutional investors.

Intelligent power management company Eaton today announced a contract valued at approximately $20M to help support the construction of the New York Center for Research, Economic Advancement, Technology, Engineering and Science’s (NY CREATES) new NanoFab Reflection semiconductor research and development facility at its Albany NanoTech Complex. Featuring a 50,000 square-foot cleanroom, the initiative will significantly expand the non-profit organization’s capabilities by providing a state-of-the-art environment to further the research, development and commercialization of essential computer chip technology. The project, expected to be complete in 2026, is partially funded by New York State, NY CREATES, its key industry partners and the $52 billion U.S. CHIPS & Science Act.

Intelligent power management company Eaton is demonstrating broad capabilities to keep the power on at home while helping minimize infrastructure upgrades to utility and home energy systems. The company’s AbleEdgeTM home energy management system provides the foundational technology required to leverage any onsite distributed energy resource (DER) to power homes. Eaton is working with leading automotive original equipment manufacturers (OEMs), energy storage and solar providers to create interoperable and cost-effective approaches ready to support vehicle-to-home (V2H) and vehicle-to-grid (V2G) today and into the future.

Intelligent power management company Eaton (NYSEETN) today announced that Lucy Clark Dougherty has been named general counsel, effective January 27, 2025. Dougherty will succeed Taras “Terry” Szmagala Jr. as executive vice president and chief legal officer upon his retirement, effective April 4, 2025. In this role, Dougherty will serve as counsel to Eaton’s executive management team and its Board of Directors, and will lead the company’s global Legal organization, including the Corporate Governance and Compliance functions. Dougherty will report to Paulo Ruiz, president and chief operating officer, Eaton, and will join the company’s executive leadership team upon her appointment to executive vice president and chief legal officer, effective April 5, 2025.

Intelligent power management company Eaton (NYSEETN) today announced that Pete Denk has been named president and chief operating officer, Industrial Sector, effective January 1, 2025. Denk succeeds Paulo Ruiz, who will assume the role of president and chief executive officer following Craig Arnold’s retirement on May 31, 2025. In this role, Denk will be responsible for the company’s Aerospace, Mobility, Filtration and Golf Pride businesses. He will continue reporting to Ruiz as a member of Eaton’s senior leadership team. In a related move, Antonio Galvao will succeed Denk as president, Mobility Group, effective January 1, 2025.

Intelligent power management company Eaton will provide a renewable energy microgrid at Maplewood Intermediate/Middle School in Menasha, Wisconsin, to support affordable, resilient and sustainable power. The system will be the largest of its kind in the state and is anticipated to help the Menasha Joint School District save $190,000 in annual energy costs. Scheduled for completion in 2025, the project aims to achieve net zero energy status and will serve approximately 1,000 students.

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.

Intelligent power management company Eaton announced it has been selected by MDA Space Ltd. a leading provider of advanced technology and services to the rapidly expanding global space industry, to deliver high-performance propellant storage tanks for MDA AURORA™, an industry-leading product line driving the transition from analog to digital satellite technology.

Intelligent power management company Eaton announces a collaboration with Treehouse to enable high-quality, cost-effective and code-compliant residential electrification projects. The collaboration brings together Eaton’s digitally enabled electrical solutions with Treehouse’s AI-powered software and end-to-end installation capabilities, helping expedite the energy transition and electrification at home with EV charging, energy storage, heat pumps and more.

Intelligent power management company Eaton was awarded a $3.5M Air Force Research Lab (AFRL) contract to design a new podded refueling boom, enabling traditional and non-traditional tanker aircraft to perform safe in-flight refueling. Eaton received the contract from the AFRL Transformational Capabilities Office (TCO) after participation in the Air-to-Air Refueling Mechanism Digital Design Challenge by AFWERX, the innovation arm of the U.S. Department of the Air Force.

Intelligent power management company Eaton (NYSEETN) announced the appointment of Omar Zaire to president, Corporate and Electrical Sector, Europe, Middle East and Africa (EMEA) region. Zaire succeeds Tim Darkes, who has announced his upcoming retirement from Eaton, effective June 1, 2025. Zaire will report to Heath Monesmith, Chief Operating Officer, Electrical Sector, and will join Eaton’s senior leadership team.

Intelligent power management company Eaton is helping Miami-Dade Transportation & Public Works update the electrical system supporting its Metromover mass transit system that carried more than 6.5 million riders in 2023. The project is supported by Infrastructure Investment and Jobs Act (IIJA) funding and is part of Miami-Dade County’s broader $153 million initiative to expand and upgrade the reliability of its automated train network. The project is expected to be completed by early 2025.

Intelligent power management company Eaton (NYSEETN) today announced that Andre Schulten has been elected to the company’s Board of Directors effective October 22, 2024.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable November 22, 2024, to shareholders of record at the close of business on November 4, 2024. Eaton has paid dividends on its shares every year since 1923.

Intelligent power management company Eaton (NYSEETN) today announced that A.D. Naik has been named senior vice president, FP&A and finance transformation, effective October 23, 2024. In this role, Naik will be responsible for leading the company’s global financial planning & analysis (FP&A) and finance transformation strategy and will report to Olivier Leonetti, executive vice president and chief financial officer, and will join the company’s senior leadership team.

Intelligent power management company Eaton today announced that Executive Vice President and Chief Information Officer Katrina Redmond has been recognized as one of Women Impact Tech’s 2025 Women of Impact.

Intelligent power management company Eaton (NYSEETN) will announce third quarter 2024 earnings on Thursday, October 31, 2024, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss third quarter 2024 earnings results with securities analysts and institutional investors.

Intelligent power management company Eaton today announced it is now offering Advantage® automated series clutch and Cummins flywheel kits for the Eaton-Cummins Endurant™ automated manual transmission (AMT). The two will be sold in the same kit for the first time.

Intelligent power management company Eaton today announces a collaboration with Lunar Energy to simplify the installation and maximize the functionality of home energy storage and solar systems. The integration of Eaton’s new AbleEdgeTM smart breakers with the Lunar System will make it easier for installers and homeowners to deploy solar and storage, manage loads, optimize costs and extend the life of the solar battery system. The joint solutions are expected to be available in early 2025, with Eaton as Lunar Energy’s preferred supplier for load management.

Intelligent power management company Eaton today announced it has partnered with Munich Electrification to develop and market its battery configuration switch (BCS), an advanced solution for 400-volt/800-volt dual string battery packs in electrified vehicles. This innovative, integrated, bi-stable device for parallel/series reconfiguration allows 800-volt vehicles to effectively charge via a 400-volt charger, while also offering numerous benefits compared to traditional solutions.

Intelligent power management company Eaton today announced it will be displaying a number of transmissions for both traditional and electrified commercial vehicles at IAA Transportation, September 17–22, in Hanover, Germany.

Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17–22 at IAA Transportation 2024 in Hanover, Germany.

Intelligent power management company Eaton announces a planned collaboration with Tesla designed to boost the functionality and adoption of home energy storage and solar installations in North America. Targeting early 2025, Tesla’s Powerwall would support Eaton’s new AbleEdgeTM smart breakers and make it easier and faster for installers and homeowners to achieve intelligent load management functionality that helps optimize energy use and extend backup duration during a grid outage.

Intelligent power management company Eaton today announced it is showcasing an array of aftermarket clutch solutions for the Europe, Middle East and Africa (EMEA) markets at Automechanika Frankfurt in Hall 3, booth D11. Eaton is displaying its complete line of angle spring clutches, diaphragm spring clutches, concentric pneumatic clutch actuators and ServiceRanger diagnostic solutions for commercial vehicles.

Intelligent power management company Eaton announces the AbleEdgeTM home energy management system providing homeowners and installers with a comprehensive, quickly installed and fully integrated solution to simplify a safe energy transition. Eaton’s suite of home energy management solutions supports new levels of flexibility and energy resilience with configurations for retrofit and new construction projects powered by its next generation smart breakers, microgrid interconnect device and smart panels.

Intelligent power management company Eaton today announced it is displaying its growing portfolio of aftermarket low-voltage solutions for the electrified vehicle (EV) market in Europe, Middle East, and Africa (EMEA) at Automechanika Frankfurt, Sept. 10-14, in Booth #D11, Hall 3.

Intelligent power management company Eaton today announced the expansion of its newest global Innovation Center near Montreal in Brossard, Quebec less than a year after its opening. After developing cutting-edge software in the region for nearly 40 years, last year the company announced its Innovation Center focused on the research and development of distributed energy resources (DER) technologies. Now, Eaton is adding 9,000 square feet and 50 more highly specialized jobs to the facility, bringing a total of approximately 200 jobs to Brossard. As part of the expansion, Eaton is building a new Experience Center to provide hands-on training for the digital technologies accelerating the energy transition—accelerating innovation and adoption of new solutions.

Intelligent power management company Eaton announced it won a contract to help Dallas Fort Worth International Airport (DFW) build its innovative electric Central Utility Plant (eCUP). The project aims to help DFW achieve its ambitious net zero carbon emissions goal by 2030 and is supported by partial funding from the federal Bipartisan Infrastructure Investment and Jobs Act (IIJA). Eaton’s equipment contribution to the project is valued at nearly $10 million and expected to be installed in the spring of 2025.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today named Paulo Ruiz president and chief operating officer of Eaton and a member of the board of directors, effective September 2, 2024. Ruiz will be appointed chief executive officer of Eaton on June 1, 2025. He succeeds Craig Arnold, who will retire on May 31, 2025, having reached Eaton’s mandatory officer retirement age of 65. Mr. Arnold has been Eaton’s chairman and chief executive officer since June 2016.

Intelligent power management company Eaton (NYSEETN) today announced that Karenann Terrell has been elected to the company’s Board of Directors effective July 24, 2024.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable August 23, 2024, to shareholders of record at the close of business on August 5, 2024. Eaton has paid dividends on its shares every year since 1923.

Intelligent power management company Eaton (NYSEETN) today announced its commitment to inclusive strategies and programming for people with disabilities has earned high scores on three Disability Equality Indexes® (DEI), a benchmarking tool that measures workplace inclusion.

Intelligent power management company Eaton (NYSEETN) today announced that Tiffany Hanisch has been named senior vice president, Internal Audit, effective July 22, 2024. She succeeds Adam Wadecki, who was named senior vice president and controller. Hanisch will report to Olivier Leonetti, Eaton’s executive vice president and chief financial officer, and will join the company’s senior leadership team.

Intelligent power management company Eaton (NYSEETN) will announce second quarter 2024 earnings on Thursday, August 1, 2024, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2024 earnings results with securities analysts and institutional investors.

Intelligent power management company Eaton (NYSEETN) released its 2023 Sustainability Report and standalone Global Inclusion and Diversity Transparency Report today. The publications feature the company’s progress toward its 2030 environmental, social and governance (ESG) targets and in creating an inclusive workplace.

Intelligent power management company Eaton is adding multiple clean energy projects to its global operations, accelerating progress on the company’s goals to reduce carbon emissions by 50% and achieve carbon neutral operations by 2030. New solar deployments will help power innovation and manufacturing, substantially reducing Eaton’s carbon footprint and energy costs.

Intelligent power management company Eaton is helping the University of Notre Dame establish new electric vehicle (EV) charging infrastructure for use by its students, faculty, staff and maintenance fleet. The project will enable Notre Dame to meet growing demand for EV charging across its campus and accelerate progress toward its goal of achieving carbon neutrality by 2050.

Intelligent power management company Eaton today announced its comprehensive suite of safety-focused electrified vehicle (EV) technologies will be on display June 18-20 in Hall 10-A36 at The Battery Show Europe in Stuttgart, Germany.

Intelligent power management company Eaton (NYSEETN) today announced it has completed a significant strategic investment in NordicEPOD AS, formerly a wholly-owned subsidiary of CTS Nordics, which designs and assembles standardized power modules for data centers in the Nordic region.

Intelligent power management company Eaton (NYSEETN) today announced it has completed the acquisition of Exertherm, a privately owned, U.K.-based provider of thermal monitoring solutions for electrical equipment.

Intelligent power management company Eaton today announced it is now offering a portfolio of fuses for commercial electrified vehicles (EVs). Eaton Bussmann series fuses can handle up to 1,400 amps and 900 volts and can be tailored to customer specifications. Eaton can increase current capability by either design modifications or paralleling multiple fuses. The fuses will be on display in Eaton’s booth at the largest advanced commercial vehicle technology show, ACT Expo, held May 20-23 in Las Vegas, Nevada.

Intelligent power management company Eaton today announced it is now offering a higher power version of its low-voltage 48-volt DC/DC converter for commercial and off-highway vehicles that is designed to withstand the harsh environments in which those vehicles operate.

Intelligent power management company Eaton today announced it has been selected by a leading manufacturer of electrified vehicles to supply a unique ELocker® differential system for use on a new plug-in electric hybrid (PHEV) SUV. Unlike traditional PHEVs, which use an electric motor and internal combustion engine to power all the drive wheels, the new model leverages an electric motor to power the rear wheels and an electric motor or an optional internal combustion engine (ICE) driving the front wheels.

Intelligent power management company Eaton is helping Endurant Energy deploy 10 battery storage projects in New York City. With a combined capacity exceeding 150-megawatt hours (MWh), the energy storage systems will support clean, reliable power and strengthen the electric grid in the Bronx and Staten Island.

Intelligent power management company Eaton’s heavy-duty 4-speed electrified vehicle (EV) transmission was named a 2024 Automotive News PACEpilot Innovation to Watch at an awards ceremony on April 29. The recognition acknowledges post-pilot, pre-commercial innovations in the automotive and future mobility space.

Intelligent power management company Eaton participated in The White House Office of the National Cyber Director’s Convening on Cyber Workforce event on April 29 to underscore its commitment to cybersecurity training across industries. The company’s vice president of engineering and technology, Luiz Fernando Huet de Bacellar participated in the roundtable discussion with U.S. business, government and community leaders.

Intelligent power management company Eaton was awarded more than $26.6 million in investment tax credits from the U.S. Internal Revenue Service as part of the Qualifying Advanced Energy Project Tax Credit (48C) funded by the Inflation Reduction Act. The company was awarded the tax credits for its manufacturing investments totaling more than $200 million to support clean energy projects and workforce training in Nacogdoches and El Paso, Texas and Waukesha, Wisconsin.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable May 24, 2024, to shareholders of record at the close of business on May 6, 2024. Eaton has paid dividends on its shares every year since 1923.

Intelligent power management company Eaton today announced it has been chosen to supply an electromechanical actuation system (EMAS) that can deliver an early intake valve closing (EIVC) to the China-based automaker Great Wall for use in a line of hybrid-electric vehicles (HEV).

Intelligent power management company Eaton has achieved a gold medal from EcoVadis, the world’s largest provider of business sustainability ratings. The EcoVadis assessment evaluates 21 sustainability criteria in four key areas including environment, labor and human rights, ethics and sustainable procurement.

Intelligent power management company Eaton (NYSEETN) today announced that Adam Wadecki, Ph.D., has been named senior vice president and controller.

Intelligent power management company Eaton (NYSEETN) will announce first quarter 2024 earnings on Tuesday, April 30, 2024, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss first quarter 2024 earnings results with securities analysts and institutional investors.

Intelligent power management company Eaton today cut the ribbon on a significant clean energy project at its Arecibo, Puerto Rico, manufacturing facility where the company makes circuit breakers used in homes, buildings and industrial applications. The size of the clean energy microgrid system deployed by Eaton and Enel North America is a first in Puerto Rico, substantially reducing the facility’s carbon footprint, boosting energy resilience and bolstering community infrastructure. Eaton also implemented efficiency measures using its intelligent power management technologies to reduce its energy footprint.

Intelligent power management company Eaton’s nitrogen generation system oxygen sensor for the Boeing 737 NG / 737 MAX has been approved by the Federal Aviation Administration, providing a timely and cost-effective OEM replacement solution that will help customers meet new regulatory requirements. Eaton’s oxygen sensor is a form, fit and functional replacement for the OEM Boeing 737 NG / 737 MAX sensor.

Intelligent power management company Eaton will provide hydraulic power generation and conveyance solutions for the U.S. Army’s Future Long Range Assault Aircraft (FLRAA), in a contract recently awarded by Bell Textron Inc., a Textron company.

Intelligent power management company Eaton today announced it has launched its next-generation fuel tank isolation valve (FTIV) for hybrid vehicles. The new FTIV® is easier to mount, 27% lighter, 39% smaller and contains 24% fewer components than its predecessor.

Intelligent power management company Eaton continues to expand its capabilities and resources in Europe, Middle East, and Africa (EMEA) with the recent announcements of two grants from the Czech Republic. The grants will fund participation in two innovative mobility projects, including assisting in the design and development of an electrified off-road truck and to develop and demonstrate a new power distribution unit (PDU) and DC/DC converter (200 kW) for hydrogen fuel cell powered trucks.

Intelligent power management company Eaton has again been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World’s Most Ethical Companies.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today declared a quarterly dividend of $0.94 per ordinary share, an increase of 9% over its last quarterly dividend. The dividend is payable March 29, 2024, to shareholders of record at the close of business on March 11, 2024. Eaton has paid dividends on its shares every year since 1923.

Power management company Eaton today announced its Mobility Group is expanding its mobile power products portfolio with the introduction of the Bezares 3960, 2500 and 500 series power takeoff (PTO) units, as well as APSCO APV and APG series directional hydraulic control valves. The new offerings will be introduced at Work Truck Week 2024, March 5-8 in Indianapolis.

Intelligent power management company Eaton today announced it has earned a Leadership Level designation from CDP, the world’s leading environmental disclosure platform, for the fifth consecutive year. Despite strengthened criteria each year due to the need for urgent climate action, Eaton continues to maintain its A- rating in the climate category, making the company a top performer among industry peers.

Intelligent power management company Eaton (NYSEETN) announced today its continued commitment to modernizing the company’s manufacturing footprint with smart factories in Juarez, Mexico, and Changzhou, China. As both a new build and legacy site, respectively, these electrical manufacturing sites have embraced Industry 4.0 technology and its benefits to digitalize operations. Juarez and Changzhou will serve as models for other Eaton plants, to help accelerate the implementation of advanced digital technologies.

Intelligent power management company Eaton (NYSEETN) today announced that its Legal Department has achieved Certification for the Diversity Lab’s Mansfield Rule: Legal Department (MRLD) Edition 3.0.

Intelligent power management company Eaton (NYSEETN) announced it was recently recognized by two prestigious organizations for its deep commitment to delivering an inclusive employee experience. First, Eaton achieved a 100% on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI). Second, Newsweek once again named Eaton one of America’s Greatest Workplaces for Diversity. Eaton believes inclusive behaviors drive innovation and growth, enable high-performing teams and deliver confidence to stakeholders that they are engaging with a sustainable, socially responsible company.

Intelligent power management company Eaton (NYSEETN) announced today that Olivier Leonetti has been named executive vice president and chief financial officer, effective February 5, 2024. He succeeds Thomas B. Okray, who is leaving the company for personal reasons.

Eaton Cummins Automated Transmission Technologies has announced its Endurant XD™ series automated transmission is now available in select International® truck models in North America.

Intelligent power management company Eaton (NYSEETN) will announce fourth quarter 2023 earnings on Thursday, February 1, 2024, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss fourth quarter 2023 earnings results with securities analysts and institutional investors.

Intelligent power management company Eaton today announced its Mobility Group has added its Advantage® series clutch, the best-selling clutch in North America, to its remanufactured product portfolio. Eaton remanufactures thousands of transmissions and clutches annually to maximize the reuse of materials, which keeps them out of landfills, saves energy, reduces emissions and waste.

For the second year in a row, intelligent power management company Eaton was ranked in the top 10 of Resilinc’s Top 30 Most Resilient Suppliers to the high-tech industry. This award recognizes companies who have outstanding supply chain risk and resiliency programs.

Intelligent power management company Eaton (NYSEETN) today announced that John Sapp has joined the company effective December 4, 2023. He will succeed Nanda Kumar as the president of Eaton’s Aerospace Group upon Kumar’s retirement on March 31, 2024. Sapp will report to Paulo Ruiz, president and chief operating officer, Industrial Sector, and will join Eaton’s senior leadership team.

Intelligent power management company Eaton today announced it is providing approximately $15 million in electrical distribution, control solutions and engineering services to support a new electrical distribution facility at the Miami-Dade Water and Sewer Department’s (WASD) South District Wastewater Treatment Plant. The project will enable the department to provide a resilient response in the event of power failure by incorporating facility hardening and design measures to protect assets against severe weather like hurricanes.

Intelligent power management company Eaton (NYSEETN) today announced additional manufacturing investments of $85 million to meet surging utility demand for its solutions supporting essential electric grid infrastructure projects. Eaton will increase manufacturing capacity in Queretaro, Mexico, for line installation and protective equipment vital to undergrounding power lines and bolstering energy resilience.

The Board of Directors of intelligent power management company Eaton (NYSEETN) today declared a quarterly dividend of $0.86 per ordinary share. The dividend is payable November 24, 2023, to shareholders of record at the close of business on November 6, 2023. Eaton has paid dividends on its shares every year since 1923.