Honeywell Connects More Than 2 Million Homes and Utilities to Keep the Lights
On and Cool Air Flowing
-- Honeywell Helps Homeowners Save Money and Trim Energy Use Equal to 20 Times
the Power Needed for NFL Stadiums on Game Day
-- Consumer Technology that Controls Energy Costs and Consumption also Helps
Reduce the Potential for Outages and Need for New Power Plants
-- Broad Use of Technology Could Cut Demand for Electricity in the US by 19
MINNEAPOLIS, Sept. 12, 2013
MINNEAPOLIS, Sept. 12, 2013 /PRNewswire/ --On the hottest days of the year,
utilities need to ramp up the generation of electricity by as much as 60
percent, mainly to account for air conditioners set to deep freeze. That means
additional kilowatts and power plants are required as more homes, buildings
and air-conditioning units tap into the energy grid. A long-standing and
rapidly evolving alternative, however, is for consumers to help produce
"negawatts" — basically to reduce electricity use when there is maximum stress
and strain on power lines and other equipment.
More than 2 million homeowners across North America are using Honeywell (NYSE:
HON) thermostats, along with load-control switches installed by the company,
to help more than 100 utilities reduce the potential for outages and decrease
the need for new power plants. These homes, equivalent to all the households
in Chicago, Philadelphia, Seattle and Orlando, have received incentives from
their utilities to assist in making the grid more reliable.
As a result of Honeywell's technology and services, utilities now have the
combined ability to temporarily trim the demand for energy by 2.1 gigawatts,
almost 20 times the power needed to operate all the NFL stadiums on any given
Sunday. And there is significant potential to decrease peak use further; if
only 25 percent of homes in the U.S. with central air employed similar
technology, the country could cut demand by an estimated 19 gigawatts.
"Our extensive work with utilities and their customers gives Honeywell a
distinct understanding of what it takes to make this type of collaboration
successful," said Jeremy Eaton, vice president and general manager of
Honeywell Smart Grid Solutions. "However, we're not standing still. Consumers
expect technology that delivers comfort and cost savings without a 20-page
manual. And utilities are searching for new ways to stabilize the grid while
increasing customer satisfaction. No other company can connect utilities and
customers at this level, at this scale, and address all these needs."
The main reason utilities provide programs that encourage customers to curb
electricity consumption is simple: When temperatures and electricity use
spike, the potential for energy disruptions increases, and the cost for the
utility to generate or purchase the necessary power can double or even triple,
which could impact long-term electricity rates for consumers. The ability to
boost generation helps, but few communities want a new power plant or are
willing to consider funding construction without exploring more cost-effective
and sustainable options.
Working with Honeywell and homeowners, utilities can develop strategies to
reduce the use of residential air conditioners, water heaters and other
equipment for a short time, also known as demand response. The shift in
temperature is often negligible, but the collective decrease in consumption
helps promote the availability of energy across the entire grid.
For consumers, there are multiple benefits to participating. These benefits
may include payments or bill credits from their local utilities — and people
who sign up for Honeywell-led programs often receive new equipment that helps
make homes more comfortable and efficient.
Honeywell already has one of the most widely used demand response thermostats,
is installed in more than 600,000 homes across North America. The company also
has a new thermostat with Wi-Fi and app connectivity since residences are
increasingly connected. These features not only make programs and
participation more appealing, but typically increase the potential energy
reduction per home because of the additional intelligence in the device.
"The technology is evolving, merging with smartphones, tablets and other
devices people use on a daily basis," Eaton said. "It just means more
convenience, comfort and control."
Visit honeywellsmartgrid.com or follow HoneywellGrid on Twitter for more
information smart grid technology and services. And for details on Honeywell's
full line of Wi-Fi-connected thermostats, link to wifithermostat.com.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and
manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry;
turbochargers; and performance materials. Based in Morris Township, N.J.,
Honeywell's shares are traded on the New York, London, and Chicago Stock
Exchanges. For more news and information on Honeywell, please visit
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Aaron Parker Marie Yarroll
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