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Tuesday, May 28, 2024

Honeywell Debuts Advanced Building Management System

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The platform works with a building’s existing wiring to increase operational efficiency and sustainability while protecting cybersecurity, the company says.

According to the UN Environment Programme, Honeywell said that buildings account for 37% of global carbon dioxide emissions, leading to growing pressures to identify and reduce energy use. It noted that a lack of skilled labor also makes hiring technicians for buildings’ upkeep and modernization challenging for building owners. As a result, building owners and operators are turning to digital building and energy management tools. For example, Schneider Electric estimates its products can slash up to 42% of operational carbon emissions in commercial office buildings. 

Honeywell said that automation and machine learning drive the platform’s efficient operating system, which is equipped with integrated cybersecurity and technology, to deliver accelerated network speeds. Automation can break down operational barriers to give building managers more control over the efficiency of their buildings, ultimately helping improve occupant experience and advancing energy management goals, Kenny said in the release. 

Last October, Honeywell announced plans to realign its business segments with megatrends like industrial automation and the energy transition to boost its organic sales growth and deploy more inorganic capital. The company said the implementation would begin in the first quarter of 2024. 

Its new advanced control system aligns with its growing focus on its building technologies segment. CFO Greg Lewis called it “a bright spot for the business” due to its growing profit margin despite soft demand for security products and a challenging operating environment. 

Advance Control joins other building automation and security-focused solutions Honeywell has launched in the past year, including Forge for Buildings, which the company introduced to optimize air quality and reduce energy consumption, and a new integration with Quantinuum that intends to bolster the security of smart utility meters.

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