HONEYWELL AND CISCO LEVERAGE AI AND AUTOMATION TO HELP REDUCE BUILDING ENERGY CONSUMPTION

Rhea-AI Summary

Honeywell (NASDAQ: HON) has announced a collaboration with Cisco to develop an AI-powered solution that automatically adapts building systems based on real-time occupancy data, aiming to reduce energy consumption and optimize the environment for worker productivity and comfort. The solution combines Honeywell Forge Sustainability+ for Buildings with Cisco Spaces to monitor assets and adjust HVAC systems using AI and machine learning.

This collaboration leverages existing network infrastructure and IoT devices to collect occupancy and environmental data, which is then used to improve energy efficiency and provide insights on building utilization. The system can autonomously adjust room temperatures, lighting, and ventilation based on occupancy and customer-selected controls, helping to automate daily building operations and monitor GHG emissions.

Positive

• Collaboration with Cisco to develop AI-powered solution for building energy management
• Potential reduction in building energy consumption and GHG emissions
• Utilization of existing infrastructure without need for additional hardware
• Automated adjustment of building systems based on real-time occupancy data
• Alignment with Honeywell's focus on automation and energy transition megatrends

Negative

• None.

Expanded collaboration uses real-time occupancy data to help manage environmental impact of buildings

ATLANTA, Aug. 29, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today a collaboration with Cisco on an AI-powered solution that automatically adapts building systems based on fluctuating usage levels, reducing energy consumption and optimizing the environment for worker productivity and comfort. 

By combining Honeywell Forge Sustainability+ for Buildings and Cisco Spaces, the joint effort uses AI and machine learning to help monitor assets to adjust heating, ventilation and air conditioning (HVAC) systems based on real-time occupancy for a single building or an entire campus. 

Cisco Spaces collects occupancy and environmental data from Cisco network infrastructure, environmental sensors, collaboration devices and third-party IoT devices without the need to add additional hardware. Honeywell Forge Sustainability+ for Buildings then uses this information to help improve energy efficiency and provide insights on building utilization. Together with Honeywell's latest Optimizer Advanced Controller for Buildings, this real-time occupancy data can help further improve energy efficiency for greater resiliency.

Room temperatures, lighting and ventilation are autonomously adjusted based on where people are in the building and customer selected controls. This ultimately helps automate daily building operations, optimize energy use and drive employee comfort while monitoring GHG emissions.

"Buildings have historically been a substantial contributor to overall carbon emissions, but with the rise of hybrid work, operators now have the opportunity to take a fresh look at addressing their environmental impact by moving their HVAC systems away from consistent 9-to-5 schedules," said Greg Turner, Chief Technology Officer of Honeywell's Building Automation segment. "By tapping into a building's existing technology infrastructure and harnessing the power of AI to fine-tune heating and cooling according to zone occupancy levels, our collaboration with Cisco empowers building owners to gain control of their environment and significantly curb emissions."

The collaboration is part of Honeywell's broader effort to help companies reduce their buildings' environmental footprint and supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation and energy transition. It is also enabled by Cisco's Country Digital Acceleration program, a global initiative that collaborates with government and private sector leaders to build sustainable, secure and inclusive communities powered by ethical and innovative technology solutions.

"The convergence of IT and OT infrastructures, seamlessly interoperable with leading building management system (BMS) platforms, ushers in an era of real-time data insights that can optimize energy usage, regardless of building age or retrofit status," said Wes Sylvester, Vice President of Cisco's Industry Solutions Group. "By working closely with Honeywell, we're enabling building operators with enhanced visibility and control over operational data, setting a new standard for energy efficiency and reduced environmental impact." 

"Energy management is firmly at the forefront of building owners' minds," said Harry Wilson, analyst at Verdantix. "The continued presence of hybrid working policies and lower office utilization, coupled with new asset-specific realities, has put owners under substantial financial and environmental pressure to ensure they are operating facilities efficiently and not wasting resources." 

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 organizations 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, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Contacts:
Honeywell	Cisco
Dawn Wotapka	Andrew Fletcher Cole
(631) 943-3782	(647) 612-2653
dawn.wotapka@honeywell.com	andrcole@cisco.com

 

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SOURCE Honeywell

FAQ

What is the purpose of Honeywell's collaboration with Cisco announced on August 29, 2024?

The collaboration aims to develop an AI-powered solution that automatically adapts building systems based on real-time occupancy data, reducing energy consumption and optimizing the environment for worker productivity and comfort.

How does the Honeywell-Cisco solution work to reduce building energy consumption?

The solution combines Honeywell Forge Sustainability+ for Buildings with Cisco Spaces to collect occupancy and environmental data, which is then used to adjust HVAC systems, lighting, and ventilation based on real-time occupancy levels.

What are the potential benefits of implementing the Honeywell-Cisco AI-powered solution for buildings?

The solution can help improve energy efficiency, reduce GHG emissions, automate daily building operations, optimize energy use, and enhance employee comfort while utilizing existing infrastructure without additional hardware.

How does this collaboration align with Honeywell's (HON) business strategy?

The collaboration supports Honeywell's alignment with three megatrends: automation, energy transition, and the effort to help companies reduce their buildings' environmental footprint.