Tuesday, 1 December 2015
Last updated 29 min ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…