• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Eaton and Siemens Energy Join Forces to Provide Power and Technology to Accelerate the Delivery of New Data Center Capacity

    6/3/25 6:00:00 AM ET
    $ETN
    Industrial Machinery/Components
    Technology
    Get the next $ETN alert in real time by email
    • Integrated modular data center construction will bring capacity online at speed to meet growing global demand for AI and cloud computing
    • Standardized on-site power generation is key to accelerate the development of new data centers

    Intelligent power management company Eaton, and Siemens Energy, one of the world's leading energy technology companies, have announced a fast-track approach to building data centers with integrated onsite power. They will address urgent market needs by offering reliable grid-independent energy supplies and standardized modular systems to facilitate swift data center construction and deployment.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603550645/en/

    Eaton and Siemens Energy leaders signed an agreement aimed at accelerating data center development with grid-independent energy supplies and standardized modular power systems. Pictured (from left to right) are Heath Monesmith, president and chief operating officer, Electrical Sector, Eaton; Paulo Ruiz, chief executive officer, Eaton; Vanessa Bauch, senior vice president, distributed gas services, Siemens Energy; and Thomas Frank, global head of markets, gas services, Siemens Energy.  Image courtesy of Eaton.

    Eaton and Siemens Energy leaders signed an agreement aimed at accelerating data center development with grid-independent energy supplies and standardized modular power systems. Pictured (from left to right) are Heath Monesmith, president and chief operating officer, Electrical Sector, Eaton; Paulo Ruiz, chief executive officer, Eaton; Vanessa Bauch, senior vice president, distributed gas services, Siemens Energy; and Thomas Frank, global head of markets, gas services, Siemens Energy. Image courtesy of Eaton.

    The collaboration will enable simultaneous construction of data centers and associated on-site power generation with grid connection and the integration of renewables to meet regional regulatory requirements, if required. This will provide data center owners and developers with choices they don't have at present to enable them to build and run new data centers.

    Siemens Energy's modular and scalable power plant concept is tailored to the specific needs of data center operators. The standard configuration generates 500 megawatts (MW) of electricity, featuring highly efficient SGT-800 gas turbines, redundancy and additional battery storage systems, ensuring the highest reliability. Based on its modular approach, the size of the plant can be scaled up and down. In the future, it can also operate in a carbon-neutral manner, provided hydrogen is available and part of the data center's sustainability strategy. The Siemens Energy concept also includes an optional emission-free clean air grid connection to be installed either during construction or as a retrofit. This feature would enable data centers to provide grid services.

    Eaton will provide customers with electrical equipment such as medium voltage switchgear, low voltage switchgear, UPS, busways, structural support, racks and containment systems, engineering services and the software offerings needed to protect and enable IT loads from the medium-voltage grid to the chip and help accelerate building and commissioning data centers with skidded and modular designs.

    Cyrille Brisson, global segment leader, Data Centers, Eaton, said: "Our approach of letting customers pick the right balance of energy sources is very flexible and construction to start-up time is swift with options to reduce emissions in both the short and long term. Crucially, our approach offers data center owners and developers the opportunity to build capacity and bring it online fast in any location where they have land available that is close to gas, water and fiber."

    Andreas Pistauer, global head of sales, Siemens Energy's Gas Services Business Area, said: "We offer hyperscalers, co-locators and investors a unique package, enabling them to reduce the time-to-market by up to two years in many places which leads to significant revenue gains. Our power plant design is built with redundancy, eliminating the need for backup diesel generators, and reducing CO2 emissions by about 50 percent."

    About Eaton

    Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come.

    Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

    About Siemens Energy

    Siemens Energy is one of the world's leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power and heat generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. Its wind power subsidiary Siemens Gamesa makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 101,000 people worldwide in more than 90 countries and generated revenue of €34.5 billion in fiscal year 2024.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250603550645/en/

    Eaton

    Angela Swann

    Global PR & Policy Communications Manager

    [email protected]

    mobile +44 7773 198113

    Siemens Energy

    Sabine Sill

    Press Spokesperson Gas Services

    [email protected]

    mobile +49 (173) 7196783

    Get the next $ETN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ETN

    DatePrice TargetRatingAnalyst
    5/15/2025$380.00Outperform
    BNP Paribas Exane
    3/12/2025$340.00Sector Weight → Overweight
    KeyBanc Capital Markets
    1/28/2025$373.00Buy → Hold
    Melius
    11/13/2024$330.00 → $431.00Buy
    UBS
    11/13/2024$333.00 → $389.00Outperform → In-line
    Evercore ISI
    11/5/2024$382.00Outperform
    Bernstein
    9/16/2024$348.00Buy
    Citigroup
    9/6/2024Underperform → Peer Perform
    Wolfe Research
    More analyst ratings

    $ETN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BNP Paribas Exane initiated coverage on Eaton with a new price target

      BNP Paribas Exane initiated coverage of Eaton with a rating of Outperform and set a new price target of $380.00

      5/15/25 8:11:01 AM ET
      $ETN
      Industrial Machinery/Components
      Technology
    • Eaton upgraded by KeyBanc Capital Markets with a new price target

      KeyBanc Capital Markets upgraded Eaton from Sector Weight to Overweight and set a new price target of $340.00

      3/12/25 7:25:45 AM ET
      $ETN
      Industrial Machinery/Components
      Technology
    • Eaton downgraded by Melius with a new price target

      Melius downgraded Eaton from Buy to Hold and set a new price target of $373.00

      1/28/25 7:55:34 AM ET
      $ETN
      Industrial Machinery/Components
      Technology