Honeywell Acquires Demand Response and Smart Grid Company Akuacom
June 22, 2010
Honeywell has acquired the San Rafael, California, based company Akuacom for their Demand Response projects in Smart Grid. Terms of the transaction were not disclosed.
Two-way communication with energy management systems at commercial and
industrial sites is provided for utilities and independent system
operators (ISOs) through Akuacom’s Demand Response Automation Server.
This gives them “the ability to automate the delivery of price and
reliability signals to these facilities, and more effectively trim peak
demand,” says the release.
“Utilities and ISOs use demand response to reduce consumption when
electricity is expensive and demand outpaces supply”. This is said to
save utilities, ISOs, and customers money by eliminating the need for
additional peaking power plants and by shifting consumption times.
Additionally, demand response is said to help utilities avoid brownouts