Latest news with #ConnectedSolutions
Business Wire
26-06-2025
- Business
- Business Wire
Leap Powering National Grid's Virtual Power Plant Initiative in Massachusetts
SAN FRANCISCO & BOSTON--(BUSINESS WIRE)-- Leap, a leading virtual power plant (VPP) platform, and National Grid, one of world's largest energy utilities, today announced the expansion of their grid services collaboration to selected National Grid facilities in Massachusetts. Building on a successful pilot project in New York, this initiative will enable the Massachusetts facilities to easily access virtual power plant (VPP) opportunities that help advance the state's climate goals. National Grid's program underscores the immense potential of using grid-interactive buildings as resources to strengthen and decarbonize the energy system. Share Through Leap's software-only solution, select National Grid office buildings in Massachusetts will participate in the state's Clean Peak Standard and ConnectedSolutions grid services programs. This will lower the buildings' electricity usage during periods of grid strain. 'We're proud to expand our collaboration with National Grid and bring the advantages of VPP solutions to these Massachusetts facilities,' said Thomas Folker, Chief Strategy Officer and co-founder of Leap. 'National Grid's program underscores the immense potential of using grid-interactive buildings as resources to strengthen and decarbonize the energy system.' At National Grid's most recent NextGrid Alliance Summit in Boston, Folker joined senior officials from the U.S. Department of Energy for a breakout session on how VPPs can help reduce customer costs and balance grid demand. Folker shared insights from Leap's initiative facilitating VPP participation for National Grid's New York facilities. The annual Summit brings together utilities, regulators and startups to focus on innovative solutions for grid transformation. 'By operating our office buildings as a virtual power plant, National Grid will enhance local grid resilience and lower carbon emissions, benefiting Massachusetts residents and advancing the state's climate goals,' said Amanda Downey, VP of New England Operations Support at National Grid. 'It's important to walk the walk and continue demonstrating the critical role distributed energy solutions can play in the energy transition.' Leap's technology enables distributed energy resources (DERs) such as smart thermostats, EV chargers, and HVAC systems to easily participate in energy markets. By aggregating loads from DERs into virtual power plants, Leap enables operators to balance the grid with less reliance on fossil-fueled 'peaker' plants. Massachusetts' Clean Peak Energy Standard program offers incentives to clean technologies that boost energy supply or reduce demand during seasonal periods of peak demand. ConnectedSolutions provides incentives to residential and commercial electric customers that allow their excess energy to be used as virtual power plants during times of peak demand. National Grid Partners, the utility's venture investment and innovation arm, is an investor in Leap. The organization invests in startups whose technology has potential to help National Grid's business units accelerate the energy transition. About Leap Leap is the leading platform for generating new value from distributed energy resources (DERs) through integration with energy markets. Through its software-only solution, Leap facilitates fast, easy and automated access to high-value grid services revenue streams for the providers of batteries, electric vehicle charging, smart thermostats, HVAC systems and other flexible assets. By aggregating the DERs enrolled on its platform, Leap supplies virtual power plants (VPPs) to balance the grid. Leap enables its partners and their customers to unlock new value streams and help create a more flexible, resilient grid powered by renewable resources. About National Grid National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions. For more information, please visit our website, follow us on Twitter, watch us on YouTube, friend us on Facebook, and find our photos on Instagram. About National Grid Partners National Grid Partners is the venture investment and innovation arm of National Grid plc., one of the world's largest investor-owned energy companies. By providing corporate venture capital, business development counsel and direct integration with National Grid's innovation teams, National Grid Partners is accelerating the energy transition and helping innovators reach critical scale faster. Headquartered in Silicon Valley, National Grid Partners has offices in Boston, London, and New York. Visit or follow us on Twitter (@ngpartners_) and LinkedIn.
Scoop
11-06-2025
- Business
- Scoop
Honeywell Unveils AI-Powered Building Management Solution
Press Release – Honeywell AUCKLAND, 11 June 2025 – Honeywell (NASDAQ: HON) today announced the launch of Honeywell Connected Solutions, an AI-powered platform that integrates critical building software and technologies into a single interface to help enable more efficient operations. The platform's early adopters – Verizon Communications Inc. and Vanderbilt University – have already begun using the solution in their buildings. With Connected Solutions, which is built on Honeywell Forge, building operators can manage Honeywell software, systems and devices through one integrated interface. When a building or campus is fully connected, users gain comprehensive data and real-time visibility into how critical systems are operating alongside actionable insights on how to troubleshoot challenges that may arise. Users, which can include facility managers, multi-site operators and integrators, can connect to the platform quickly with an AI-enabled installation process that is completed in hours, dramatically reducing labour time, costs and disruption, compared to traditional building management systems. The solution also addresses the key issues facing buildings today through capabilities including: Advanced encryption to help safeguard against cyberthreats, Remote monitoring and diagnostics that help to reduce labour time and cost, Predictive maintenance prompts to spot and address issues before they escalate and Energy-management solutions supporting decarbonisation efforts. 'From aging buildings and rising downtime costs to skilled labour shortages and growing cyber guidelines, building owners and operators face a complex landscape of global trends that are constantly making operations more complex and costly. To address this, Honeywell's Connected Solutions allows building managers to link critical building software, technologies and devices together to streamline management and compliance and help protect uptime,' said Billal Hammoud, president and chief executive officer of Honeywell's Building Automation segment. After integrating Honeywell's Connected Solutions into some of its global footprint, Verizon is using the platform to help predict critical building and system issues before they become serious and costly. Vanderbilt University is also using Connected Solutions across its campus, with nearly 10 per cent of its buildings already adopting the technology. The university aims to enhance building system efficiency, reduce energy consumption and optimise the user experience, particularly in older facilities. 'Honeywell's Connected Solutions is an innovative platform offering the tools to use real-time data and AI-driven insights to help us optimise our buildings,' said Alex Kohnen, chief facilities officer, Vanderbilt University. 'We look forward to creating a better ecosystem for our students, faculty and staff.' For more information about Honeywell Building Automation, visit About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organisations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit
Scoop
11-06-2025
- Business
- Scoop
Honeywell Unveils AI-Powered Building Management Solution
Press Release – Honeywell Verizon and Vanderbilt University are early adopters of Honeywell's technology. AUCKLAND, 11 June 2025 – Honeywell (NASDAQ: HON) today announced the launch of Honeywell Connected Solutions, an AI-powered platform that integrates critical building software and technologies into a single interface to help enable more efficient operations. The platform's early adopters – Verizon Communications Inc. and Vanderbilt University – have already begun using the solution in their buildings. With Connected Solutions, which is built on Honeywell Forge, building operators can manage Honeywell software, systems and devices through one integrated interface. When a building or campus is fully connected, users gain comprehensive data and real-time visibility into how critical systems are operating alongside actionable insights on how to troubleshoot challenges that may arise. Users, which can include facility managers, multi-site operators and integrators, can connect to the platform quickly with an AI-enabled installation process that is completed in hours, dramatically reducing labour time, costs and disruption, compared to traditional building management systems. The solution also addresses the key issues facing buildings today through capabilities including: Advanced encryption to help safeguard against cyberthreats, Remote monitoring and diagnostics that help to reduce labour time and cost, Predictive maintenance prompts to spot and address issues before they escalate and Energy-management solutions supporting decarbonisation efforts. 'From aging buildings and rising downtime costs to skilled labour shortages and growing cyber guidelines, building owners and operators face a complex landscape of global trends that are constantly making operations more complex and costly. To address this, Honeywell's Connected Solutions allows building managers to link critical building software, technologies and devices together to streamline management and compliance and help protect uptime,' said Billal Hammoud, president and chief executive officer of Honeywell's Building Automation segment. After integrating Honeywell's Connected Solutions into some of its global footprint, Verizon is using the platform to help predict critical building and system issues before they become serious and costly. Vanderbilt University is also using Connected Solutions across its campus, with nearly 10 per cent of its buildings already adopting the technology. The university aims to enhance building system efficiency, reduce energy consumption and optimise the user experience, particularly in older facilities. 'Honeywell's Connected Solutions is an innovative platform offering the tools to use real-time data and AI-driven insights to help us optimise our buildings,' said Alex Kohnen, chief facilities officer, Vanderbilt University. 'We look forward to creating a better ecosystem for our students, faculty and staff.' For more information about Honeywell Building Automation, visit Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organisations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit
Scoop
11-06-2025
- Business
- Scoop
Honeywell Unveils AI-Powered Building Management Solution
AUCKLAND, 11 June 2025 – Honeywell (NASDAQ: HON) today announced the launch of Honeywell Connected Solutions, an AI-powered platform that integrates critical building software and technologies into a single interface to help enable more efficient operations. The platform's early adopters – Verizon Communications Inc. and Vanderbilt University – have already begun using the solution in their buildings. With Connected Solutions, which is built on Honeywell Forge, building operators can manage Honeywell software, systems and devices through one integrated interface. When a building or campus is fully connected, users gain comprehensive data and real-time visibility into how critical systems are operating alongside actionable insights on how to troubleshoot challenges that may arise. Users, which can include facility managers, multi-site operators and integrators, can connect to the platform quickly with an AI-enabled installation process that is completed in hours, dramatically reducing labour time, costs and disruption, compared to traditional building management systems. The solution also addresses the key issues facing buildings today through capabilities including: Advanced encryption to help safeguard against cyberthreats, Remote monitoring and diagnostics that help to reduce labour time and cost, Predictive maintenance prompts to spot and address issues before they escalate and Energy-management solutions supporting decarbonisation efforts. 'From aging buildings and rising downtime costs to skilled labour shortages and growing cyber guidelines, building owners and operators face a complex landscape of global trends that are constantly making operations more complex and costly. To address this, Honeywell's Connected Solutions allows building managers to link critical building software, technologies and devices together to streamline management and compliance and help protect uptime,' said Billal Hammoud, president and chief executive officer of Honeywell's Building Automation segment. After integrating Honeywell's Connected Solutions into some of its global footprint, Verizon is using the platform to help predict critical building and system issues before they become serious and costly. Vanderbilt University is also using Connected Solutions across its campus, with nearly 10 per cent of its buildings already adopting the technology. The university aims to enhance building system efficiency, reduce energy consumption and optimise the user experience, particularly in older facilities. 'Honeywell's Connected Solutions is an innovative platform offering the tools to use real-time data and AI-driven insights to help us optimise our buildings,' said Alex Kohnen, chief facilities officer, Vanderbilt University. 'We look forward to creating a better ecosystem for our students, faculty and staff.' For more information about Honeywell Building Automation, visit About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organisations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit
Techday NZ
11-06-2025
- Business
- Techday NZ
Honeywell launches AI building management for Australia, NZ
Honeywell has released a new AI-powered building management system now available in Australia and New Zealand, following pilot tests by Verizon in its global facilities. Platform features The system, called Connected Solutions, is designed to allow building operators and facility managers to control software, systems and devices through a single, integrated interface. It features energy-management tools aimed at supporting decarbonisation, advanced encryption for cybersecurity, and remote monitoring and diagnostics to lower labour requirements and costs. The platform also offers predictive maintenance prompts to help identify and resolve issues before they escalate. The launch of Connected Solutions comes as building owners contend with several industry challenges, including ageing facilities, increased costs from system downtime, shortages of skilled labour and tightening cybersecurity regulations. Honeywell says the new platform is intended to address these matters by bringing disparate building systems together under one interface. "From aging buildings and rising downtime costs to skilled labour shortages and growing cyber guidelines, building owners and operators face a complex landscape of global trends that are constantly making operations more complex and costly. To address this, Honeywell's Connected Solutions allows building managers to link critical building software, technologies and devices together to streamline management and compliance and help protect uptime," said Billal Hammoud, president and chief executive officer of Honeywell's Building Automation segment. Technology and integration Connected Solutions is built on Honeywell Forge, the company's industrial IoT platform. The platform enables managers, including facility and multi-site operators as well as integrators, to oversee all Honeywell-related systems using one dashboard. When deployed across a building or campus, the system provides comprehensive, real-time data about critical systems, along with guidance on troubleshooting and optimising operations. The installation process uses AI to speed deployment, reportedly allowing the system to be up and running within hours. Honeywell states this reduces both the time and disruption typically associated with installing building management systems, alongside reducing related labour costs. Security and sustainability In response to growing concerns about cyberthreats, Connected Solutions incorporates advanced encryption measures. Its remote diagnostic features aim to reduce onsite labour by allowing for offsite monitoring, while predictive maintenance helps address issues early in order to avoid service disruptions and more significant repair expenses. Connected Solutions also includes energy management functionalities designed to help organisations work toward decarbonisation goals. By monitoring and optimising building energy use through the platform, operators can target efficiency improvements and cost reductions. Industry adoption Early adopters of Connected Solutions include Verizon and Vanderbilt University. Verizon has begun using the platform within its facilities worldwide. According to Honeywell, Verizon is leveraging Connected Solutions to anticipate and address critical system issues before they grow into larger problems, aiming to reduce downtime and maintenance costs. Vanderbilt University has also integrated Connected Solutions into about 10 per cent of its campus buildings, choosing the platform to boost system efficiency, cut energy use and improve the occupant experience, particularly in older facilities. "Honeywell's Connected Solutions is an innovative platform offering the tools to use real-time data and AI-driven insights to help us optimise our buildings," said Alex Kohnen, chief facilities officer, Vanderbilt University. "We look forward to creating a better ecosystem for our students, faculty and staff." Honeywell's expansion of Connected Solutions into Australia and New Zealand follows feedback from early adopters and growing demand for tools that can manage increasingly complex building operations whilst addressing current challenges in energy use, labour and cybersecurity.
