HOUSTON, Sept. 20, 2019 /PRNewswire/
-- Honeywell (NYSE: HON) today announced an
agreement with NRStor C&I L.P. ("NRStor") to launch the
Experion® Energy Program, which will create the largest
behind–the-meter (BTM) energy storage deployment to date in
North America. The agreement will
offer energy storage as a service to commercial and industrial
customers.
Under the agreement, Honeywell and NRStor will develop and
operate 300 megawatts (MW) of BTM battery energy storage systems
(BESS) across the U.S. and Canada
starting in early 2020. Operated remotely, these systems will
provide customers with electricity cost savings, improved
sustainability and resiliency.
"This BTM deployment alone matches North America's total energy storage
deployments in 2018," said Moe
Hajabed, chief executive officer of NRStor C&I L.P.
"This collaboration brings Honeywell's operational excellence,
precise equipment and construction to NRStor's projects and expands
the customer base that can take advantage of our energy solutions.
This also creates an opportunity for other developers to fund and
implement their projects through NRStor's platform."
The energy storage systems will be supported by two
state-of-the-art remote operations centers (ROCs) that use
proprietary artificial intelligence-based peak prediction and value
stack optimization algorithms. These centers will automatically
start the battery systems to maximize savings for commercial and
industrial customers. Honeywell's advanced control technologies
will enable precise battery dispatch along with network security
and cybersecurity protection.
"Our operations platform makes it easier to anticipate and
manage demand and energy generation in today's complex energy
ecosystem," said Eren Ergin, general
manager, Renewable Energy and Distributed Assets, Honeywell Process
Solutions. "Honeywell's battery energy storage systems, software
solutions and outcome-based performance guarantees will help end
users optimize their operations and realize significant savings.
Together with NRStor, we look forward to making industrial
operations across North America
more efficient and sustainable."
NRStor C&I is a leading energy storage solution provider for
commercial and industrial customers across North America. NRStor C&I provides energy
storage as a service under a turn-key build, own, and operate
business model that doesn't require a capital outlay from the
customer.
To learn more, visit Honeywell Renewable Energy.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and
information on Honeywell, please visit
www.honeywell.com/newsroom.
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SOURCE Honeywell