United States. Honeywell announced the creation of Smart Grid Solutions, a global company that centralizes the company's smart grid resources and expertise to meet the growing needs of energy suppliers and users.
As part of the Honeywell Building Solutions business unit, Smart Grid Solutions will bring solutions to market and deliver programs that connect utilities to their customers.
The company will help solve a variety of energy challenges, such as relieving the stress and congestion of an aging electrical infrastructure, leveraging intermittent renewable resources, and improving demand management of energy expenditures, which is expected to grow by 40% by 2035.
The creation of Smart Grid Solutions is a reflection of the increase in energy consumption worldwide and the corresponding need for demand management services.
