Honeywell says its new Carbon - Energy Management service is the centrepiece of its new Sustainable Buildings solutions portfolio that will enable building owners to track and optimise energy performance against carbon reduction goals, down to a device or asset level.
The company says commercial buildings account for almost a third of global energy consumption and 37% of global energy-related CO2 emissions. It says while 28% of those emissions are related to building operations – or the energy used to heat, cool and power the building – many building owners likely don't have device or asset level insight into energy consumption or carbon impact.
Honeywell says its service helps building owners and operators meet two pressing, yet often conflicting, objectives: reducing the environmental impact of buildings while optimising indoor air quality to support occupant well-being.
Through AI and machine learning, Carbon - Energy Management autonomously identifies and implements energy conservation measures to help drive efficiency, resiliency and accountability throughout a real estate portfolio.
The company says it continuously investigates, analyses and optimises building performance at an asset-specific level, measuring critical sustainability KPIs, including carbon emissions.
Honeywell Sustainable Buildings vice president and general manager Manish Sharma says the building industry has long worked to improve energy efficiency and reduce carbon impact.
“But it is imperative to make meaningful change in the near term – and that means building owners need better data about their operations,” he says.
“Given the increased awareness of and investment in sustainability, it's critical for a company to know – and to clearly communicate to stakeholders – how its facilities are optimising energy baselines to reduce their carbon impact. We're helping customers create new metrics for success and removing the complexity of carbon management while balancing healthier spaces with our ready now solutions.
Honeywell says ‘impact investors' want to know in specific terms what companies' carbon reduction goals are and what they're doing to meet them. It says according to recent market studies, reducing a building's carbon footprint can potentially increase its commercial value.
Carbon - Energy Management establishes an energy performance baseline with a usage history of up to three years, live meter data and environmental factors to determine which assets are driving energy consumption.
The software also provides a real-time dashboard of critical sustainability KPIs, aggregates carbon data from energy-related emission sources (gas, electricity and fuel sources) in a building, and reduces energy consumption using advanced building control capabilities without compromising occupant well-being or comfort.
Honeywell says the service collects 24/7 energy use data, logged at 15-minute intervals, and submeters all energy-consuming assets to collect granular consumption information. This data allows Honeywell to help customers establish a rigorously derived baseline, provides a roadmap for carbon-neutral, and allows customers to execute the roadmap to help meet their carbon-neutral goals.