Eaton to invest $50M in Henrico expansion, adding 200 jobs

Global power management company Eaton Corp. will invest over $50 million to expand its existing manufacturing footprint in Henrico County and create 200 jobs, Gov. Glenn Youngkin announced Wednesday.

According to the governor’s office, the expansion involves the Dublin, Ireland-headquartered company opening a new campus, more than doubling its regional footprint. The aim is to increase the manufacturing of advanced power management equipment.

As part of the expansion, Eaton will occupy a to-be-built 350,000-square-foot facility. With the creation of 200 jobs, the company’s Henrico area team will reach nearly 500 employees.

“Eaton’s latest investment in Henrico is proof that Virginia companies and workers are stepping up to meet our growing power needs,” said Youngkin in a statement. “The only thing better than bringing a new business to Virginia is watching an existing Virginia business expand.”

A timeline for the construction of the new facility and expansion, and the exact address of the new location, was not provided, and the company did not immediately return requests for comment Wednesday.

According to Youngkin, the expansion will support production of static transfer switches, power distribution units and remote power panels. These technologies are designed to provide reliable, uninterrupted power.

“Eaton is continuing to invest in U.S. manufacturing and is thankful for the strong collaboration and support in Virginia,” Aidan Graham, Eaton’s senior vice president and general manager of critical power solutions, said in a statement. “Our latest manufacturing expansion builds on our history in the region and reflects on the incredible abilities of our longtime local employees. 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.”

Youngkin approved a $1 million performance-based grant to support Eaton’s investment.

Headquartered in Dublin and with a U.S. base in Ohio, Eaton sells products to customers in more than 160 countries and has more than 93,000 employees worldwide. In 2024, the company generated sales of $25 billion. Eaton provides power management services for data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets.