Eaton Stock Rises 3.07% After Hosting Successful Summit and Unveiling New Power Solutions
2min read Eaton (ETN) saw a 3.07% stock increase following significant developments in their business. On September 5, the company successfully hosted the Eaton Critical Power Services Platinum Pro Summit in Langfang, Hebei. Under the theme "Collaborative Win-Win, Intelligent Computing Future," the event gathered Eaton's platinum service partners nationwide to discuss the directions and growth drivers in the new digital intelligence era.
Thanks to robust support from its partners, Eaton's service business has garnered widespread recognition from customers. With its trio of service types and a comprehensive service system, Eaton is confident in helping its partners explore broader markets and achieve a win-win situation in the digital economy era. Additionally, the first batch of orders for Eaton's 9395XR megawatt-class UPS have begun delivery. In the future, Eaton plans to launch next-generation integrated power architecture equipment—the medium voltage energy router, assisting data center clients in addressing power challenges brought on by increased computing demands.
Eaton's Asia-Pacific Service and Digitization Director, Xie Yuxuan, reviewed the high growth achieved by Eaton’s service business and shared the business growth goals for 2024. Eaton, leveraging an experienced team of data center experts and end-to-end software solutions, has gained significant recognition from top clients. The company aims to continue providing “energy-saving renovation, equipment retrofitting, and digitalization services” alongside its partners, expanding opportunities in the data center industry under the dual-carbon goals.
Senior Technical Advisor Wang Wei shared Eaton’s comprehensive solutions, including UPS, reserve-integrated lithium batteries, micro-module data centers, and power modules. The newly released Eaton 9395XR megawatt-class UPS features self-developed high-power devices like full-silicon carbide MOSFETs, Hot Sync parallel operation, and AI load shaping technology, achieving iterative upgrades in multiple dimensions such as power density, reliability, and efficiency. Eaton will also release a self-developed medium voltage energy router to support new energy and energy storage integration and advance data center's energy structure optimization.
Eaton’s Critical Power Services Product Manager, Bu Liangrui, introduced Eaton’s service product system, including fundamental equipment services and professional retrofits like "envelope service" flexible maintenance schemes; site services characterized by standardized certifications and professional training; and diverse scenario-monitoring digital services.
At the summit, Eaton invited ecosystem partners Century Anxin and Phoenix, who shared their achievements in data center operations and cooling. Numerous partner representatives shared their long-standing cooperation histories with Eaton and classic case studies, leading to dynamic discussions on service opportunities.
At Eaton’s service ecosystem, through flexible and diverse service models, comprehensive training systems, and a robust service partner network, the company aims to closely align with user needs. In collaboration with partners, Eaton endeavors to bring high-quality digitalized service experiences to clients.
On September 8, at the "Pioneering Digital Energy for a Smart Future" themed 2024 International Digital Energy Exhibition, Eaton unveiled the "72.5kV Separable Cable Accessories for Deep Offshore Wind Power Solutions" and the "Intelligent DC Coupled PV-ESS-Charging Microgrid" solutions. The century-old company continues to provide intelligent power management expertise to facilitate the integration and development of renewable energy while supporting the global energy transition towards lower carbon emissions.
Eaton's newly launched DC microgrid solution aims to simplify the topology by coupling PV panels, energy storage batteries, and DC charging piles onto a unified DC bus, significantly reducing internal conversions and electrical losses. This innovation helps commercial users enhance renewable energy consumption and investment returns while preparing for future applications like V2G, aiming for optimal economic and social benefits.
In summary, with a rich century-old heritage in power management, Eaton is well-positioned to support the evolving needs of the power grid with intelligent, low-carbon, and miniaturized distribution equipment, ultimately helping to drive the global energy transition towards low-carbon development.