Honeywell forms Smart Grid Solutions business
June 11, 2012 – Earlier today, Honeywell announced the formation of Smart Grid Solutions, a global enterprise that “centralizes the company’s existing smart grid resources and expertise to respond to the growing needs of both energy providers and users”.
“Honeywell has a long history helping balance supply and demand through turnkey programs that provide benefits for utilities and end users,” said Jeremy Eaton, vice-president and general manager of Honeywell Smart Grid Solutions. “However, the scope and applicability of our work is expanding. Countries across the world are making significant investments to build a smarter, more robust grid. And we have the technology, services and relationships to help those investments pay dividends.”
Part of Honeywell’s Building Solutions business unit, Smart Grid Solutions promises to bring innovative offerings to market faster, and deliver end-to-end programs that connect utilities and their customers to solve a variety of energy challenges, such as relieving stress and congestion on aging electrical infrastructure, leveraging intermittent renewable resources, and better managing the increased demand for energy.
The creation of Smart Grid Solutions is a strategic reflection of the anticipated rise in worldwide energy consumption and the corresponding need for demand-side-management services, says the company.