CLEVELAND--(BUSINESS WIRE)--Mar 9, 2026--
Intelligent power management company Eaton today announced a strategic partnership with SPAN, a pioneer in smart panel and power controls technology, to further enable affordable home electrification at scale. The companies’ approach to electrification will help save thousands of dollars on new home construction and retrofit projects, while also reducing the amount of power and infrastructure needed from the grid. Eaton invested $75 million in SPAN to power the next phase of the company’s growth and innovation.
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“Energy affordability and electrification require smart energy management,” said Heath Monesmith, president and chief operating officer, Electrical Sector at Eaton. “Working with SPAN, we’re removing barriers to electrification and lowering costs for homeowners, builders and contractors. Eaton is trusted to manage power from the grid to the receptacle, and together we’re expanding flexible and resilient solutions to power homes.”
Eaton will feature SPAN Energy Intelligence TM technology at scale in its new smart panel offer, which will be available through its market-leading distribution, installer and homebuilder networks. The offer delivers energy affordability by decreasing costs for consumers and builders when adopting batteries, electric vehicle (EV) charging and home electrification solutions.
“In order to accelerate the energy transition and deliver impact at scale, we often look to align our fast-paced innovation with established market leaders with a shared vision,” said Arch Rao, founder and CEO of SPAN. “Eaton’s impressive track record in electrical safety and unparalleled distribution reach combined with the SPAN advanced technology platform to modernize home energy infrastructure, forms an enviable foundation for the future of grid-edge intelligence.”
SPAN smart electrical panels will integrate Eaton’s advanced circuit and surge protection technologies for enhanced safety, reliability and control. Both companies’ technologies, including SPAN smart panels and Eaton smart breakers, meet rigorous cybersecurity and safety design standards and are interoperable with energy storage systems and onsite distributed energy resources. Joint solutions are expected to be available in the second quarter of 2026.
About SPAN
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.
Eaton and SPAN establish strategic partnership to tackle rising household energy demand and grid constraints with smart, flexible solutions that further enable affordable home electrification.
DUBAI, United Arab Emirates (AP) — Iran named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader on Monday, signaling no letup in the war launched by the United States and Israel. Oil prices surged as Iran attacked regional energy infrastructure and the U.S. and Israel bombed targets across Iran.
The secretive 56-year-old cleric has close ties to the paramilitary Revolutionary Guard, which has been firing missiles and drones at Israel and Gulf Arab states since Ayatollah Ali Khamenei, who had ruled Iran for 37 years, was killed during the war’s opening salvo.
The appointment marked a new sign of defiance by Iran’s embattled leadership after more than a week of heavy U.S. and Israeli bombardment, suggesting Tehran is not close to giving up on what it considers a fight for the Islamic theocracy's survival.
World markets plummeted and Brent crude oil, the international standard, surged to nearly $120 a barrel Monday, about 65% higher than when the war started, before retreating.
Iran's attacks in the Strait of Hormuz have all but stopped tankers from using the key shipping lane through which a fifth of the world's oil is carried. Fire broke out at an oil facility that Iran attacked in the United Arab Emirates. Bahrain's only oil refinery was apparently also hit and Saudi Arabia said it had intercepted several drones attacking its Shaybah oil field.
“There is not an oil shortage,” U.S. President Donald Trump wrote on Truth Social overnight. “Prices will drop again soon,” he added, suggesting shipments from Venezuela to the U.S. could help offset the price spike.
In Israel, sirens blared multiple times on Monday amid unrelenting Iranian drones and missiles. A man was killed in central Israel in a missile strike, the first such death in Israel in a week, and a woman was wounded.
Israel said it struck the Iranian city of Isfahan, hitting command centers for the Revolutionary Guard and its volunteer Basij force, as well as a rocket engine production facility and missile launch sites. There was no immediate confirmation from Iran.
Turkey meanwhile said NATO defenses had intercepted a ballistic missile that entered the country’s airspace for the second time since the war started.
Later Monday, Israel defense forces said they began “a wide-scale wave of strikes” on Isfahan as well as Iran’s capital, Tehran, where witnesses reported seeing new strikes, and in southern Iran.
The younger Khamenei, who has not been seen in public since the war started, was long considered a potential successor — even before the Israeli strike killed his 86-year-old father. His wife, Zahra Haddad Adel, was killed in the same strike.
Political figures within Iran have criticized handing over the supreme leader’s title based on heredity, comparing it to the monarchy overthrown in the 1979 Islamic Revolution. But top clerics in the Assembly of Experts apparently voted for continuity.
Khamenei, who is seen as even more hard-line than his late father, will now be in charge of Iran's armed forces and any decision about Tehran's nuclear program.
Though Iran's key nuclear sites are in tatters after the U.S. bombed them during the 12-day Israel-Iran war in June, it still has highly enriched uranium that's a technical step away from weapons-grade levels. Khamenei could choose to do what his father never did — build a nuclear bomb.
Israel has already described him as a potential target, while Trump has called him “unacceptable” and dismissed him as a “lightweight.”
Both the Revolutionary Guard and the Iran-backed Lebanese militant group Hezbollah issued statements in support of Khamenei.
Top Iranian security official Ali Larijani, speaking to Iranian state television, praised the Assembly of Experts for “courageously” convening even as airstrikes pounded Tehran. He said the younger Khamenei had been trained by his father and “can handle this situation.”
Saudi Arabia lashed out at Iran following a thwarted drone attack on its massive Shaybah oil field, saying Tehran would be the “biggest loser” if it continues to attack Arab states.
In the United Arab Emirates, authorities said two people were wounded by shrapnel from the interception of Iranian missiles over the capital, Abu Dhabi. By mid-afternoon, the Emirati Defense Ministry said 15 ballistic missiles and 18 drones were fired on the country on Monday, raising the total 253 missiles and 1,440 drones launched at the UAE since the war began. So far in the war, four foreign nationals have been killed in the UAE and 117 wounded, it said.
Iran also attacked Kuwait, Qatar and Bahrain, where it hit a residential area, wounding 32 people, including several children, according to authorities. Another attack appeared to have started a fire at Bahrain's only oil refinery, sending thick plumes of smoke into the air.
Bahrain has also accused Iran of damaging one of its desalination plants, though its electricity and water authority said supplies remained online. Desalination plants supply water to millions of residents in the region, raising new fears of catastrophic risks in parched desert nations.
In Iraq, air defenses downed a drone as it attacked a U.S. military compound inside the Baghdad International Airport, a security official told The Associated Press, speaking on condition of anonymity because they were not authorized to speak to the press. No injuries or damage were reported. It was not immediately clear who was behind the attack, but Iran-backed militias have previously targeted the base.
Elsewhere, the U.S. military said a service member died of injuries from an Iranian attack on troops in Saudi Arabia on March 1. Seven U.S. soldiers have now been killed.
The U.S. State Department early Monday ordered nonessential personnel and families of all staff to leave Saudi Arabia following the escalation in attacks.
Several other U.S. diplomatic missions have ordered all but key staff to leave, including Bahrain, Iraq, Jordan, Kuwait, Lebanon, Qatar, the UAE and the consulates in Karachi, Pakistan, and Adana, Turkey.
Smoke billowed over Beirut after Israel carried out airstrikes on its southern suburbs Monday.
Ahead of the strikes, the Israeli army said it would operate against targets associated with the Hezbollah-linked financial institution al-Qard Al-Hasan — which Israel said finances the militant group — and repeated its warning to residents of Beirut’s southern suburbs to flee.
The war has killed at least 1,230 people in Iran, at least 397 in Lebanon and 11 in Israel, according to officials. Another person died in Israel of an asthma attack on her way to a shelter. Israel reported its first soldier deaths on Sunday, saying two were killed in southern Lebanon, where it is fighting Hezbollah.
Rising reported from Bangkok and Magdy from Cairo. Associated Press journalists Sam Metz in Ramallah, West Bank; Natalie Melzer in Nahariya, Israel; Melanie Lidman in Tel Aviv, Israel; Sally Abou AlJoud in Beirut; Aamer Madhani in Doral, Florida, and Qassem Abdul-Zahra in Baghdad contributed reporting.
Smoke rises following an Israeli airstrike in Dahiyeh, Beirut's southern suburbs, Lebanon, Monday, March 9, 2026. (AP Photo/Bilal Hussein)
Mourners pray during the funeral of Mehdi Hosseini, a man killed in a U.S.-Israeli strike, at Behesht-e Zahra cemetery in Tehran, Iran, Monday, March 9, 2026. (AP Photo/Vahid Salemi)
Relatives mourn over the flag draped coffin of Mehdi Hosseini who was killed in a U.S.-Israeli strike during his burial ceremony at Behesht-e Zahra cemetery in Tehran, Iran, Monday, March 9, 2026. (AP Photo/Vahid Salemi)
The coffin of Mehdi Hosseini, a man killed in a U.S.-Israeli strike, is carried for burial at Behesht-e Zahra cemetery in Tehran, Iran, Monday, March 9, 2026. (AP Photo/Vahid Salemi)
A man carries shoes from his destroyed house that was hit by Israeli airstrikes hit several houses in Sir al-Gharbiyeh village south Lebanon, Sunday, March, 8, 2026. (AP Photo/Mohammed Zaatari)
Residents look on and take pictures as flames and smoke rise from an oil storage facility struck as attacks hit the city during the U.S.–Israeli military campaign in Tehran, Iran, Saturday, March 7, 2026. (Alireza Sotakbar/ISNA via AP)
Two women from the Iranian Red Crescent Society stand as a thick plume of smoke from a U.S.-Israeli strike on an oil storage facility late Saturday rises in the sky in Tehran, Iran, Sunday, March 8, 2026. (AP Photo/Vahid Salemi)
This image taken from video provided by Iran state TV shows Mojtaba Khamenei, a son of Iran's slain supreme leader, who has been named as the Islamic Republic's next ruler, authorities announced Monday, March 9, 2026. (Iran state TV via AP)
