The Government of Dubai has officially accredited Honeywell as a key energy service provider with the necessary expertise and technology required to support the UAE’s ambitions of becoming a green economy world leader through advanced energy efficiency solutions.
As part of the UAE’s long-term ‘Green Economy for Sustainable Development’ initiative, which seeks to create a sustainable environment for economic growth, Dubai aims to reduce its demand for energy by 30% by 2030.
As part of this, approximately 30,000 existing buildings will be retrofitted to become more energy efficient over the next 15 years.
The accreditation by the Dubai Regulatory and Supervisory Bureau (RSB) for Electricity and Water sees Honeywell join an elite club of just nine UAE ESCOs permitted to provide energy optimisation services to clients.
“Receiving the ESCO accreditation from Dubai’s government is a significant milestone that reaffirms Honeywell’s commitment to sustainability and energy management in the region and around the world. Nearly 50% of all Honeywell products are linked to energy efficiency, and our research has found that if Honeywell’s existing technologies were widely adopted in the United States alone, energy demand in that country could be reduced by 20 to 25%,” said Norm Gilsdorf, president, Honeywell Middle East, Russia and Central Asia.
“Our technology, combined with our knowledge of the Middle East market and expertise in the design and operation of large district cooling infrastructure makes Honeywell a key partner for investors and local governments in the UAE and around the region,” he added.
As part of the ESCO service offering, payment terms for energy efficiency projects can be made based on actual energy and financial savings achieved after optimisation work is complete. This is usually achieved through financial models such as Pay for Performance and Shared Savings, to name a few.
To support its energy efficiency approach in the Middle East, Honeywell has also introduced its Attune Advisory Services in the region. Attune combines cloud-based tools and analytics with a global network of energy and facility experts to provide enhancements that can reduce utility bills and operating expenses up to 20%.