The W. M. Keck Observatory continues to develop new capabilities in support of our science driven strategic plan which emphasizes leadership in key areas of observational astronomy. This leadership is a key component of the scientific productivity of our observing community and depends on our ability to develop new instrumentation, upgrades to existing instrumentation, and upgrades to supporting infrastructure at the observatory. In this paper we describe the as measured performance of projects completed in 2014 and the expected performance of projects currently in the development or construction phases. Projects reaching completion in 2014 include a near-IR tip/tilt sensor for the Keck I adaptive optics system, a new center launch system for the Keck II laser guide star facility, and NIRES, a near-IR Echelle spectrograph for the Keck II telescope. Projects in development include a new seeing limited integral field spectrograph for the visible wavelength range called the Keck Cosmic Web Imager, a deployable tertiary mirror for the Keck I telescope, upgrades to the spectrograph detector and the imager of the OSIRIS instrument, and an upgrade to the telescope control systems on both Keck telescopes.