Eaton (NYSE: ETN) shares were negative early Thursday. The intelligent power management company has been awarded multi-million-dollar contracts from BSD Builders, Inc. to supply leading-edge technology to help skilled nursing facilities across California comply with state-mandated emergency power requirements.
California Assembly Bill 2511 requires skilled nursing facilities to provide a minimum of 96 hours of onsite power. Eaton and BSD Builders, Inc. are helping healthcare facilities meet this mandate with upgrades designed to enhance reliability and safety during outages.
“These projects,” according to this morning’s news release, “demonstrate how Eaton’s Buildings as a Grid approach helps build flexible energy systems that manage power far more effectively.”
“Resilient power is an essential objective for any healthcare operation, and it’s becoming central to how buildings are designed, built and operated,” said Justin Carron, director of buildings and campuses at Eaton.
“Backed by our extensive engineering expertise and advanced regional manufacturing capabilities, we’re delivering the right-sized solutions that California’s skilled nursing facilities need to secure always-on energy systems.”
The projects also reflect a broader industry shift in how energy is managed in buildings. A new report by S&P Global Energy Research commissioned by Eaton shows building owners are prioritizing resilience and turning facilities into active energy hubs—with more than 40% of North American respondents citing resilience as the top driver.
ETN shares fell $4.85, or 1.1%, to $419.82.
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