An Energy Efficiency Firm: Honeywell
Honeywell International, based in Morris Township, New Jersey, and inventor of the iconic round thermostat found in homes around the world, has a $38 billion portfolio—and nearly half of it is tied to energy efficiency products and services, according to Kent Anson, vice president of Global Energy and Environment for Honeywell Building Solutions.1 Sales in Honeywell's Automation and Control Solutions division, which includes the Building Solutions section and many energy efficiency products such as sensors and switches for lights and other appliances, jumped at a rate twice that of total company sales in 2008.2
In a typical contract, Honeywell engineers audit building systems for potential energy efficiency improvements and oversee comprehensive retrofits that can save thousands of dollars and tons of emissions and create or sustain a range of jobs for Honeywell engineers, local subcontractors and manufacturing workers in supplier companies, said Anson. All told, a $10 million contract can create or sustain 95 jobs, according to the National Association of Energy Services Companies.3
The audit process often leads to a combination of bringing in renewable energy sources and tightening up the efficiency of sources old and new. For example, a Honeywell contract launched last fall with the Housing Authority of the City of Pittsburgh is expected to save the city $3.2 million annually in utility costs by switching communities to geothermal HVAC systems (systems that store air from the earth's natural heating and cooling processes), sealing buildings to reduce loss of hot and cold air and retrofitting lights and appliances with more efficient models.4 The improvements also are expected to cut annual carbon emissions by nearly 16 million pounds—equivalent to removing more than 1,300 vehicles from the road.5
"By developing projects that have environmental and financial drivers, we will see the type of widespread adoption that will have a lasting impact on greenhouse gas emissions," said Anson.6
1 Pew interview with Kurt Anson, vice president of Global Energy and Environment for Honeywell Building Solutions, May 1, 2009.
2 Sari Krieger, "Honeywell's Building Automation Business Stands Out," Clean Technology Insight, February 2, 2009.
3 Honeywell International Inc. brochure, "Leveraging the Stimulus," April 2009, p. 2.
4 Honeywell International Inc. press release, "Honeywell Helps Pittsburgh Housing Authority Cut Utility Bills and Carbon Emissions," October 23, 2008, http://buildingsolutions.honeywell.com/Cultures/en-US/NewsEvents/NewsReleases/HACP.htm (accessed May 1, 2009).
6 Honeywell International Inc. press release, "Honeywell and Lewis and Clark College Team to Harness Solar Energy," February 19, 2008, http://buildingsolutions.honeywell.com/Cultures/en-US/NewsEvents/NewsReleases/LewisandClark0208.htm (accessed April 24, 2009).