StockNews.AI
ETN
StockNews.AI
70 days

Eaton and AMP IT Collaborate to Offer EV Charging-as-a-Service Integrated With Solar and Energy Storage to Building Owners in Switzerland

1. Eaton collaborates with AMP IT on EV charging infrastructure optimization. 2. Project backed by Swiss Federal Office of Energy's RechargeAuPoint program. 3. Focus on multi-residential, office, and industrial structures for scalable EV charging. 4. Eaton's Buildings as a Grid approach enhances energy management without asset ownership. 5. The initiative promotes sustainable energy practices and improves e-mobility solutions.

5m saved
Insight
Article

FAQ

Why Bullish?

Eaton's new project aligns with global trends in electrification and energy management. Historical growth in similar initiatives has positively affected stock prices.

How important is it?

The collaboration enhances Eaton’s market position in a growing sector, likely boosting investor confidence and stock performance.

Why Long Term?

The rollout in EMEA countries indicates sustained demand for scalable energy solutions, hinting at long-term revenue growth similar to previous technology adoptions in energy sectors.

Related Companies

AMPNIOTSLABYDGE
GENEVA--(BUSINESS WIRE)--Eaton, a global leader in intelligent power management, and AMP IT SA, a company focused on financing, installing and operating electric vehicle charging systems, are collaborating on a new project to help building owners optimize the efficiency and system performance of electric vehicle charging infrastructure (EVCI) without the complexity of EVCI ownership. The project, which is targeted at scaling EV charging infrastructure in multi-residential , office, industrial and logistics buildings, is supported by the Swiss Federal Office of Energy after recently winning an award in its RechargeAuPoint program that promotes innovative projects in the field of charging infrastructure. In the context of this business model, Eaton’s Buildings as a Grid approach combined with AMP IT’s smart charging solutions makes it possible to manage the renewable and conventional energy requirements of a building without owning or maintaining related assets such as EV charging infrastructure, energy storage and solar panels. Eaton and AMP IT plan to roll out similar business models in other EMEA countries in the future. Leveraging the Buildings as a Grid approach to energy management, AMP IT has coordinated an impressive ecosystem of project partners. As well as Eaton, the partners include publicly traded real estate investment funds, experienced service operators, leading energy, procurement and construction (EPC) companies, local utility companies and academic partners interested in this transformative approach to EV charging by leveraging buildings as integral components of microgrids. “Decentralized energy production and management is essential to meet growing global energy demands and this project shows how collaboration and technology developments such as our Buildings as a Grid approach will make the energy transition sustainable and profitable for everyone involved,” said Andreea Laplace, director, sustainability and energy transition offerings at Eaton. “We trust that this program will bring significant contributions to e-mobility with smarter EV charging solutions making better use of locally produced renewable energies, enhanced energy self-consumption schemes, and cost-effective battery storage solutions, in various use cases,” said Ilya Tyuvildin, AMP IT co-founder. About AMP IT: AMP IT is a Swiss company that designs, finances, and installs smart electric vehicle (EV) charging solutions for homes, businesses, and multi-tenant buildings. Combining cutting-edge hardware with proprietary AI-driven software, AMP IT enables seamless and optimized charging experiences that increase self-consumption of solar energy, reduce grid stress, and lower electricity costs. By integrating solar production, battery storage, and flexible charging, AMP IT transforms EVs into active components of a more sustainable, resilient, and efficient energy ecosystem. 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.

Related News