– Eaton awarded over $26.6 million investment tax credits from the US Internal Revenue Service
– Awarded for manufacturing investments of over $200 million in Texas and Wisconsin to support clean energy projects
– Investments will create new skilled manufacturing jobs and workforce training programs, accelerating the energy transition.
Eaton, an intelligent power management company, received over $26.6 million in investment tax credits from the IRS for its clean energy manufacturing investments in Texas and Wisconsin. The tax credits were awarded as part of the Qualifying Advanced Energy Project Tax Credit funded by the Inflation Reduction Act. Eaton’s investments aim to support clean energy projects and workforce training programs.
In Texas, Eaton received a $16.3 million tax credit for its manufacturing investments in Nacogdoches and El Paso. The company is expanding its facilities, creating more than 200 skilled manufacturing jobs in Nacogdoches and over 600 new jobs in El Paso. Eaton is also collaborating with local colleges to establish workforce training programs and apprenticeship opportunities.
Congressman Pete Sessions expressed support for Eaton’s efforts to enhance America’s energy independence and economic prosperity through their investments. In El Paso, Congresswoman Veronica Escobar highlighted the city’s attractiveness for manufacturing investments and applauded the Department of Energy and IRS for investing in the community.
Additionally, Eaton received a $1.3 million tax credit for its manufacturing investments in Waukesha, Wisconsin. The company is expanding its manufacturing capabilities to produce grid modernization solutions for utility, data center, commercial, and industrial applications. Eaton is working closely with Waukesha County Technical College to prepare students for careers in the clean energy manufacturing industry.