Honeywell Launches Battery Energy Storage System Platform to Help Customers Optimize Energy Costs and Achieve Decarbonization Goals

Honeywell (NASDAQ: HON) recently announced the launch of its Battery Energy Storage System (BESS) platform, which integrates Honeywell’s asset monitoring, distributed energy resource management, monitoring, control and analytics technologies to help companies accurately predict and optimize comprehensive energy utilization.

Honeywell's battery energy storage system platform takes advantage of energy management best practices, such as energy arbitrage and demand management, and can flexibly control energy procurement and utilization timing, making it very suitable for all types of industrial and commercial enterprises, independent power producers and utilities. In addition, the platform also enjoys Honeywell's performance guarantee, 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 our remote operations platform, can better predict and manage power supply, generation and electricity market demand in today’s increasingly complex distributed energy ecosystem.

Chen Yan, vice president and general manager of Honeywell Process Solutions China, said: Honeywell's advanced control software and performance-based guarantees can help end users improve energy utilization, optimize operations and profits, reduce risks and save considerable costs throughout the life cycle of assets.

Honeywell's battery energy storage system platform not only improves the stability and sustainability of the power grid, but also reduces the cost of supply. For example, when a power generation equipment fails or shuts down, the platform can reduce the need to bring additional non-renewable energy generation equipment online. In this case, the platform can maintain operations of remote facilities by running simultaneously with traditional generators. The system can then restart the shut-down power generation equipment or start the backup generator set, and then resume standby mode.

Honeywell can provide a variety of solutions based on customer needs, including small pilot projects and large projects covering multiple facilities. In addition, the battery energy storage system platform can also reduce the need for non-renewable power generation sources such as gas and diesel, thereby reducing carbon footprint.

In order to achieve the goals of decarbonization and renewable energy utilization, the demand for battery energy storage systems is exploding worldwide. Honeywell and its partners have begun to promote battery energy storage systems to customers in the global industrial and commercial sectors in the form of energy storage services, creating favorable conditions for promoting energy conservation and emission reduction and improving operational efficiency. For example, Honeywell has cooperated with DTEK, one of the largest private energy companies in Ukraine, to provide the first grid-level battery energy storage system in the region.

Honeywell has a series of mature 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% of Honeywell's new product research and development is based on improving customers' environmental performance and social benefits. In China, Honeywell serves China's "carbon peak" and "carbon neutrality" goals by continuously developing products and technologies that meet customers' energy and environmental needs, and jointly shapes a sustainable future with Chinese partners.