Intelligent power management company Eaton (NYSE:ETN) was recently awarded a multi-million-dollar project to deliver grid modernization solutions for Snohomish County Public Utility District (PUD) in Washington state.
“Over the next four years,” to quote this morning’s news release, “Eaton will help the utility implement smart grid technology across its 6,000-mile distribution system to improve visibility and control capabilities, reduce outage duration and mitigate wildfire risk.”
Eaton, to further quote the release, “is providing intelligent control and automatic circuit recloser technologies to support the utility’s broader SnoSMART initiative, a $60 million
infrastructure modernization project that aims to improve system reliability and wildfire protection. The project is partially funded by the U.S. Department of Energy and Eaton’s regional manufacturing capabilities help ensure compliance with the program’s domestic content requirements.”
ETN shares jumped $7.22, or 2%, to $370.57.
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