Summerside, a city in Canada, has approved a deal to let Honeywell handle local energy management. After several months in waiting, the deal, which will cost US$3.6 million, was passed in a 6-to-2 vote.
Summerside, a city in Canada, has approved a deal to let Honeywell handle local energy management. After several months in waiting, the deal, which will cost US$3.6 million, was passed in a 6-to-2 vote.
Honeywell was selected through a RFP process and conducted energy audit in Summerside during the year of 2016. After the evaluation, it proposed to use its products and solutions on the city’s heating, ventilation, air conditioning, mechanical equipment, lighting, building automation and air distribution systems.
After the project is done, the city is expected to realize US$391,000 in annual savings, said Honeywell. Financially, the payback period is 10 years.
The city is just part of Honeywell’s technology outreach. Recently, the company announced a cloud-enabled building management service called the Outcome Based Service, which aims to help identify misconfigurations in mechanical systems in connected buildings.
Based on Honeywell’s core HVAC control monitoring, the new building solution uses data analytics and sensor-based IoT connectivity to monitor the performance of mechanical equipment, improving system performance and discovering issues and faults.
“A building is much like a living, breathing organism, from its basic framework to the central nervous system of controls and the very heart of it all – the mechanical hardware that keeps everything operating,” said John Rajchert, the president of Building Solutions at Honeywell Home and Building Technologies.
Connected home technology has extended its footprint from gadgets to cloud services, and from home environment to connected buildings and cities. In addition to Honeywell, companies such as Bosch have also started to highlight smart cities and smart buildings in their pitches.