MINNEAPOLIS, Aug. 8, 2007 – Honeywell (NYSE:HON) announced today it will help the U.S. Department of Energy meet stringent federal requirements for reducing energy consumption and greenhouse gas emissions while improving building efficiency at DOE sites around the country. The DOE’s Transformation Energy Action Management (TEAM) initiative is expected to make it the first agency to meet all environmental, energy and transportation goals set forth in President Bush’s Executive Order 13423.
The mandate requires agencies to reduce greenhouse gas emissions through a reduction in energy intensity of 3 percent a year, or 30 percent, by the end of fiscal year 2015. It also calls for a 16-percent reduction in water consumption, through the use of state-of-the-art sustainable building components and advanced meters that can monitor electric, thermal and water consumption. To help meet these goals, the agency is tapping Honeywell to implement energy savings performance contracts (ESPCs) at DOE sites across the country.
“Energy and water consumption have never been more scrutinized than they are today, and the country’s businesses and institutions need an effective model to achieve these more stringent conservation goals,” said Kent Anson, vice president of global energy for Honeywell Building Solutions. “With energy savings performance contracts, the Department of Energy is taking an important step forward to providing that model. Leading by example is the most effective way for this agency to help our country become more energy efficient and environmentally conscious.”
Honeywell will collaborate with officials at each site to determine specific location needs before conducting a thorough audit of utility operations. The audit can include electrical, lighting, heating, cooling and water systems. Following the audit and needs assessments, Honeywell will design and implement solutions that improve energy and water efficiency. Renewable energy options will be included as part of the solution set. The resulting capital improvements will be paid for through the guaranteed savings from the upgrades.
Honeywell has implemented ESPCs for more than 2,000 customers around the world who have realized more than $2 billion in energy savings. At the Washington Savannah River Company (WSRC) site in South Carolina, for example, Honeywell is collaborating with the DOE to replace a 1950s vintage coal-powered steam plant with a clean, renewable plant powered by biomass. The project is expected to save WSRC about $1.5 million per year.
