Honeywell is well-known for its activities in the fields of automation equipment, aerospace and construction technology. In 2019, the company began to provide turnkey battery energy storage solutions to projects in Ontario, Canada. Since then, Honeywell has been expanding its activities and influence in the field of battery energy storage.
Honeywell has provided systems to many large-scale user-side projects in the Canadian province to assist large-scale industrial power users to cut peaks and fill valleys and save electricity bills. In addition, Honeywell also introduced fire detection and safety technology through the Honeywell Building Technology business unit, and at the same time provided battery systems through another department—Honeywell Process Solutions.
Recently, Energy-Storage reported on Honeywell’s first grid battery energy storage system in Ukraine, which was connected to the grid last month.
The new BESS platform is oriented to large-scale industrial and commercial users, independent power generators and public utility projects. The platform can provide customers with asset monitoring, distributed energy management, supervisory control and analysis services, and forecast and optimize electricity consumption. Applicable application areas include energy arbitrage and demand management.
At the same time, including the utility market and industrial and commercial market energy storage, Alturus will provide funding and framework for the renewable energy and distributed energy projects that Honeywell is advancing.
In the industrial and commercial sector, the two parties are cooperating to provide an energy storage-as-a-service model. Customers can save energy and money by reducing power consumption during peak demand periods, improve operational efficiency, and reduce emissions. Honeywell will share the energy-saving business model and provide customers with turnkey energy storage solutions at a low upfront capital cost.

In the field of utility projects, the Alturus-Honeywell portfolio will provide project developers and executives with comprehensive financial and technical solutions; Alturus owns assets and finances the project, while Honeywell will provide BESS and software platforms and realize battery energy storage Intelligent scheduling to obtain revenue streams and save electricity costs to the utmost extent.

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