Eaton to power Wisconsin facilities with 4 MW solar project

PITTSBURGH - Intelligent power management company Eaton (market cap: $148.79B), a prominent player in the electrical equipment industry, announced a new 4-megawatt solar project in Wisconsin aimed at reducing carbon emissions across five of its facilities in the state. According to InvestingPro analysis, the company’s stock is trading near its 52-week high of $384.51, suggesting strong investor confidence in its environmental initiatives. The project is being developed in partnership with We Energies, a subsidiary of WEC Energy Group.

The solar installation will be located adjacent to Eaton’s Thomas A. Edison Technical Center in Franksville and is expected to be operational by early 2026. Once completed, the project is projected to meet 30% of the annual carbon reduction goals for Eaton’s facilities in Franksville, South Milwaukee, Menomonee Falls, and two locations in Waukesha.

Under the agreement, We Energies will build, own, and operate the system while Eaton will provide the land and receive renewable energy credits for the clean energy delivered to the local grid. Eaton will also contribute engineering expertise and technologies to the project, including electrical transformers manufactured at its Waukesha facility.

"We’re pleased to partner with Eaton to bring more renewable energy to Wisconsin," said Mike Hooper, president of We Energies.

The company stated that when combined with previous energy efficiency upgrades, the initiative will support a 58% reduction in Eaton’s greenhouse gas emissions across Wisconsin since 2018. This project aligns with Eaton’s broader commitment to achieve net-zero operations by 2050. With revenue of $25.31B and a strong financial health score of "GOOD" according to InvestingPro, Eaton demonstrates both environmental responsibility and financial stability.

Eaton, which reported revenues of nearly $25 billion in 2024, produces electrical infrastructure for utility, data center, and industrial applications at its Wisconsin facilities. The company has implemented solar projects at various global operations since 2009, including a microgrid in Arecibo, Puerto Rico completed earlier this year. For detailed analysis of Eaton’s financial performance and growth prospects, investors can access comprehensive research reports and 20 additional key insights through InvestingPro’s exclusive coverage of over 1,400 US stocks.

In other recent news, Eaton has announced its agreement to acquire Ultra PCS Limited for $1.55 billion, a strategic move that is expected to enhance its capabilities in electronic controls and data processing solutions for aerospace customers. In financial updates, Eaton declared a quarterly dividend of $1.04 per share, payable on August 22, 2025, to shareholders of record as of August 7, 2025. The company has also reported a significant reduction in greenhouse gas emissions, achieving a 35% decrease since 2018, and has committed to reaching net zero by 2050, a target validated by the Science Based Targets initiative.

In addition, Eaton has partnered with NVIDIA to advance the transition to high-voltage direct current (HVDC) power infrastructure in artificial intelligence data centers, focusing on developing design best practices and power management solutions. The collaboration aims to support high-density GPU deployments, including NVIDIA Kyber rack-scale systems. Furthermore, Eaton has appointed Gerald Johnson, a former General Motors executive, to its Board of Directors, effective July 23, 2025. These developments reflect Eaton’s ongoing efforts to expand its technological and environmental initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.