Power solutions company announces $50M Henrico expansion

Eaton, an intelligent power management company, will invest more than $50 million to expand its existing manufacturing footprint in Henrico County, company and government officials announced Dec. 10.

Upon completion, the project is expected to create 200 new jobs. The company selected Henrico after assessing multiple locations nationwide, according to officials.

“Eaton’s latest investment in Henrico is proof that Virginia companies and workers are stepping up to meet our growing power needs,” said Virginia Gov. Glenn Youngkin. “The only thing better than bringing a new business to Virginia is watching an existing Virginia business expand. By producing even more critical power equipment in the commonwealth, Eaton is helping drive Virginia’s future and strengthening our competitive edge.”

Eaton will open a new campus in Henrico, more than doubling its regional footprint, to increase manufacturing of advanced power management equipment. The company will occupy a yet-to-be-built 350,000-square-foot facility to house the 200 new employees, bringing its local team to nearly 500 people.

The expansion will support production of static transfer switches, power distribution units, and remote power panels — technologies that provide reliable, uninterrupted power.

“Eaton’s expansion in Henrico is just another reason to celebrate this holiday season,” said Virginia Secretary of Commerce and Trade Juan Pablo Segura. “Soon, 200 more employees will be working hard to meet our nation’s rising need for critical power equipment. From Southwest Virginia to Hampton Roads and the Greater Richmond region, Virginia’s manufacturing sector is surging thanks to forward-looking companies like Eaton.”

Eaton provides intelligent power management solutions for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets.

“Eaton is continuing to invest in U.S. manufacturing and is thankful for the strong collaboration and support in Virginia. Our latest manufacturing expansion builds on our history in the region and reflects on the incredible abilities of our longtime local employees,” said Aidan Graham, senior vice president and general manager of Critical Power Solutions at Eaton. “We’re uniquely positioned to help our data center customers meet the rapidly increasing power requirements for AI factories through our expansive manufacturing footprint and our focus on innovation and engineering excellence.”

To support Eaton’s investment, Youngkin approved a performance-based grant of $1 million from the Virginia Investment Performance Grant, an incentive that encourages continued capital investment by existing Virginia companies.

“Eaton’s decision to expand in Henrico reinforces our reputation as a place where manufacturers truly succeed,” said Henrico EDA Board of Directors Chair Edward S. Whitlock, III. “With this second major investment in the past five years, Eaton is doubling down on its commitment to our community, further strengthening our local workforce, and supporting technologies people rely on every day. We wish them continued success as they grow and create new opportunities here in Henrico.”

“Henrico continues to prove that when companies invest here, our people and our economy grow with them,” said Senator Lashrecse Aird. “Eaton’s decision to expand again in Eastern Henrico is a clear vote of confidence in our workforce and in the commonwealth’s ability to support advanced manufacturing at a national scale. This project will create well-paying jobs and open the door to new opportunities for local families, strengthening both our community and the region’s economic competitiveness. I’m proud to support this investment and the partnerships that make it possible.”