Eaton Invests $75 Million in SPAN’s Smart Panel and Power Controls Technology
The collaboration aims to bring advanced smart electrical panels to market, providing homeowners and builders with energy insights and control, supporting Eaton’s Home as a Grid strategy for flexible power management.
Eaton announced a strategic partnership with SPAN, a provider of smart panel and power controls technology, to further enable affordable home electrification at scale. The companies’ approach to electrification is intended to help save thousands of dollars on new home construction and retrofit projects, while also reducing the amount of power and infrastructure needed from the grid. Eaton invested $75 million in SPAN to power the next phase of the company’s growth. Together, the companies will bring to market SPAN panels, smart electrical panels that provide whole-home energy insights and advanced power controls. The companies’ collaboration aligns with Eaton’s Home as a Grid strategy that supports flexible power systems that enable customers to do more with the power they have. "Energy affordability and electrification require smart energy management,” said Heath Monesmith, president and COO, Electrical Sector at Eaton, in the press release. "Working with SPAN, we’re removing barriers to electrification and lowering costs for homeowners, builders and contractors.”
