Honeywell Receives $11.4M from DOE for Smart Grid Development

Nov 18 2009 | 10:44am ET

Honeywell has been awarded an $11.4 million grant from the U.S. Department of Energy (DOE) as part of the department’s smart-grid funding package under the American Recover and Reinvestment Act.

One of only four non-utility companies to receive funding, Honeywell will use the grant to support a critical peak pricing response program that will support nearly 700 customers as SCE and other California utilities move to critical peak pricing -- offering rate discounts during the summer months to customers who can reduce or shift power during periods of peak electrical consumption.

Honeywell will install technology that allows customers to reduce energy use at peak periods, automatically turning off banks of lights, cycling equipment on and off or temporarily increasing temperature set points.

The system is based on open automated demand response (OpenADR) standards and powered by Tridium’s NiagaraAX Framework  and JACE controller. It will receive the utility’s signal, communicate with the facility’s building automation system and make changes based on parameters the customer sets. In addition to installing the technology, Honeywell will provide customer outreach, education and engineering services, as well as ongoing support.

Honeywell also won ARRA grants for the research and development of technology that ties into the smart grid. For example, the company is testing solutions that will significantly reduce down time and failures for the growing fleet of wind turbines in the United States. Researchers are also developing a controls infrastructure for optimizing renewable energy micro-grids.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note