Currency
November 22, 2018
A memorandum of understanding (MoU) has been signed between the Federal Electricity & Water Authority (FEWA) and Honeywell, which will drive sustainable development and green economy initiatives in the UAE’s northern emirates.
The agreement outlines FEWA’s drive towards achieving energy savings of between 10 and 30% across public sector buildings with the implementation of energy efficient systems. FEWA also aims to improve standards of living and achieve sustainable growth by 2021, the statement said.
As per the terms of the agreement, both companies will work to determine a PoV (proof of value), focusing on Honeywell solutions that enable significant energy savings and adhere to sustainable environmental guidelines. The technologies include building management systems, energy management dashboards and energy performance contracting (EPC).
“One of our core objectives is conservation, which is in line with our country’s vision to achieve a sustainable future for the next generation. We are working with leading global technology companies like Honeywell to collectively reduce the UAE’s energy consumption through technology that provides more energy efficient solutions and reduces operational costs,” said Salim Bin Rabee’a, executive director of electricity directorate at FEWA.
Speaking about the partnership, FEWA said the collaboration is in line with the goals of the UAE Energy Strategy 2050, which aims to increase clean energy usage from 25% to 50% by 2050, and reduce the carbon footprint of power generation by 70%. It also seeks to increase consumption efficiency of individuals and corporates by 40%.
Honeywell and FEWA will enter into an energy performance contract based on guaranteed savings focusing on HVAC, cost reductions, and operational efficiencies through cloud-based analytics, in addition to ensuring carbon emissions reduction.
The EPC will be managed through performance dashboards and reports that provide visibility of building performance. The initiative also includes the deployment of Honeywell’s cloud analytics platform and Outcome Based Service (OBS), which are said to enable increased operational performance, optimal efficiency, increased comfort levels of building occupants, and maximise uptime.
“With nearly 50% of our portfolio linked to cutting-edge energy efficiency and energy management technologies, Honeywell is well positioned to support FEWA in reducing energy consumption. In line with the UAE and FEWA Vision 2021 and the UAE Energy Strategy 2050, we remain committed to reducing energy consumption to help achieve a sustainable future,” said Susanna Minoia, chief financial officer, Honeywell Building Solutions, High Growth Regions.
The collaboration is said to demonstrate both organisations’ commitment to supporting the UAE Sustainable Development Plan in line with meeting the sustainability goals of the UAE and FEWA Vision 2021.
The agreement outlines FEWA’s drive towards achieving energy savings of between 10 and 30% across public sector buildings with the implementation of energy efficient systems. FEWA also aims to improve standards of living and achieve sustainable growth by 2021, the statement said.
As per the terms of the agreement, both companies will work to determine a PoV (proof of value), focusing on Honeywell solutions that enable significant energy savings and adhere to sustainable environmental guidelines. The technologies include building management systems, energy management dashboards and energy performance contracting (EPC).
“One of our core objectives is conservation, which is in line with our country’s vision to achieve a sustainable future for the next generation. We are working with leading global technology companies like Honeywell to collectively reduce the UAE’s energy consumption through technology that provides more energy efficient solutions and reduces operational costs,” said Salim Bin Rabee’a, executive director of electricity directorate at FEWA.
Speaking about the partnership, FEWA said the collaboration is in line with the goals of the UAE Energy Strategy 2050, which aims to increase clean energy usage from 25% to 50% by 2050, and reduce the carbon footprint of power generation by 70%. It also seeks to increase consumption efficiency of individuals and corporates by 40%.
Honeywell and FEWA will enter into an energy performance contract based on guaranteed savings focusing on HVAC, cost reductions, and operational efficiencies through cloud-based analytics, in addition to ensuring carbon emissions reduction.
The EPC will be managed through performance dashboards and reports that provide visibility of building performance. The initiative also includes the deployment of Honeywell’s cloud analytics platform and Outcome Based Service (OBS), which are said to enable increased operational performance, optimal efficiency, increased comfort levels of building occupants, and maximise uptime.
“With nearly 50% of our portfolio linked to cutting-edge energy efficiency and energy management technologies, Honeywell is well positioned to support FEWA in reducing energy consumption. In line with the UAE and FEWA Vision 2021 and the UAE Energy Strategy 2050, we remain committed to reducing energy consumption to help achieve a sustainable future,” said Susanna Minoia, chief financial officer, Honeywell Building Solutions, High Growth Regions.
The collaboration is said to demonstrate both organisations’ commitment to supporting the UAE Sustainable Development Plan in line with meeting the sustainability goals of the UAE and FEWA Vision 2021.
SOURCE:
http://meconstructionnews.com/32028/fewa-and-honeywell-agree-northern-emirates-energy-management-deal
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