Shanghai, July 13, 2021 -- Honeywell (NASDAQ: HON) today announced the launch of its Battery Energy Storage (BESS) platform. The platform combines Honeywell asset monitoring, distributed energy resource management, monitoring control and analytics to help companies accurately predict and optimize comprehensive energy use.
Shanghai, July 13, 2021 -- Honeywell (NASDAQ: HON) today announced the launch of its Battery Energy Storage (BESS) platform. The platform combines Honeywell asset monitoring, distributed energy resource management, monitoring control and analytics to help companies accurately predict and optimize comprehensive energy use.
1
Honeywell's battery storage system platform leverages best practices in energy management, such as energy arbitrage and demand management, and provides flexibility to control energy procurement and utilization timing, making it ideal for a variety of industrial and commercial enterprises, independent power generators and utilities. In addition, the platform enjoys performance guarantees from Honeywell, including stable and predictable costs and improved uptime.
"Battery energy storage technology is critical to achieving decarbonization goals. "Our integrated energy storage solutions, combined with a remote operations platform, better predict and manage supply, generation and power market demands in today's increasingly complex distributed energy ecosystems." "Honeywell's advanced control software and performance-based guarantees help end users improve energy efficiency, optimize operations and revenue, reduce risk and deliver significant cost savings over the entire life cycle of an asset," said Chen Yan, vice president and general manager of Honeywell Process Control China.
Honeywell battery storage system platforms not only improve the stability and sustainability of the grid, but also reduce supply costs. For example, when one power generation unit fails or goes down, the platform reduces the need for additional non-renewable power generation units to come online. In this case, the remote facility can be maintained by running the platform at the same time as the traditional generator set. Subsequently, the system can restart the stopped power generation equipment or start the standby generator set, and then resume standby mode.
Honeywell offers a wide range of solutions based on customer needs, from small pilot projects to larger projects covering multiple facilities. In addition, the battery storage system platform can also reduce the need for non-renewable energy sources such as gas and diesel power generation, thereby reducing the carbon footprint.
In order to achieve decarbonization and renewable energy utilization goals, the demand for battery energy storage systems is exploding worldwide. Honeywell and its partners have begun to promote battery energy storage systems to global industrial and commercial customers in the energy storage service model, creating favorable conditions for promoting energy conservation and emission reduction and improving operational efficiency. For example, Honeywell has partnered with DTEK, one of Ukraine's largest private energy companies, to provide the country's first grid-scale battery storage system.
Honeywell has a proven portfolio of technologies to reduce carbon emissions and has long been committed to improving customers' environmental performance and social benefits by providing innovative products and services. About 50 percent of Honeywell's new product development is driven by improving customer environmental performance and social benefits. In China, Honeywell is working with Chinese partners to shape a sustainable future by continuously developing products and technologies that meet customers' energy and environmental needs, serving China's "carbon peak" and "carbon neutrality" goals.
