Honeywell is expanding its Smart Energy portfolio with the so-called tuck-in acquisition of three utility platforms from Sparkmeter, Inc., a provider of leading grid management solutions for utilities. The acquisition includes intellectual property as well as certain related assets from SparkMeter.
The integration of these grid intelligence technologies from Sparkmeter significantly enhances Honeywell Forge Performance+ for Utilities, enabling the delivery of scalable, data-driven solutions designed to modernise grid infrastructure and address the increasing demand for energy.
The platforms Honeywell is acquiring include:
● Praxis, a data platform designed to deliver insights and analytics that help utilities modernise, maximise, and monetise their assets.
● Gridscan, a software application that provides simple and immediate visibility into the operational performance and health of distribution grids.
● Gridfin, a financial management application that analyses and manages energy supply costs, optimises customer rates, and improves overall financial performance.
“As the demand for energy continues to grow, utilities are facing new challenges that can impact their ability to quickly and efficiently modernise their infrastructure to meet these needs,” said Amol Motivala, president, Honeywell Smart Energy. “By combining these Sparkmeter technologies with Honeywell Forge Performance+ for Utilities, we will be able to provide our customers with advanced tools that automate, simplify and optimise their daily planning, operations and existing grid assets. The expansion of our smart energy portfolio will ensure our customers can navigate changing energy demands efficiently – allowing for more comprehensive data management, business intelligence and analytics functionality for utilities.”
