The announcement comes on the heels of a record quarterly revenue and an "all-in" commitment to energy infrastructure transformation
Power management company Eaton is investing $500 million across several US-based operations to expand its manufacturing and improve its resilience. The majority of these investments will be complete in 2024 and 2025.
“Electrical infrastructure has to work harder and smarter to accelerate decarbonization and electrification. At Eaton, we’re all in on the energy transition, and our solutions are essential to reinvent the way power is distributed, stored and consumed,” said Mike Yelton, president, Americas Region, Electrical Sector at Eaton.
“We’re making steady investments for our customers, distributors and employees to meet growing demand in the Americas, and there will be more to come.”
Investments in Texas and Wisconsin will increase U.S. manufacturing of essential utility solutions advancing electrification, grid modernization and energy resilience.
The company, which is headquartered in Dublin, Ireland, is adding 200,000-square-feet to its Nacogdoches, Texas manufacturing facility—more than doubling its size. The project will double production capacity of Eaton’s voltage regulators. Eaton will continue to produce single-phase, pole-mount and pad-mount transformers in Texas to address the acute supply shortage for these products. The expansion will create more than 200 skilled manufacturing jobs.
The Texas expansion frees up capacity at the company’s Waukesha, Wis. manufacturing facility in, where Eaton is investing in equipment to increase manufacturing of three-phase transformers for utility, data center, large commercial and industrial applications.
Eaton will continue to produce regulators, including complex pole and substation voltage regulators, for utility customers in Wisconsin.
Eaton is increasing production of busway from its South Carolina facility to meet rapidly growing demand for this power distribution technology used in commercial, industrial and fleet charging applications.
This expansion includes Eaton’s EV charging busway, an industry-first innovation that dramatically simplifies and expedites infrastructure for fleet charging, while avoiding major infrastructure modifications
The company is adding capacity to increase supplies of essential power distribution equipment to support infrastructure projects across industries. The company’s most recent investments enhance its manufacturing facilities for switchgear and switchboards, which provide the power backbone for customers across the Americas.
Eaton recently announced sales in the second quarter of 2023 $5.9 billion, a quarterly record and up 13 percent from the second quarter of 2022, driven entirely by organic sales growth. Segment margins were 21.6 percent, a quarterly record up 1.5 percent over the second quarter of 2022.