Honeywell helps Danish retailer reduce energy costs
March 2, 2017
Honeywell is leading a major energy management project with Coop Denmark, the country's largest retailer of consumer goods, to help reduce energy consumption by 20 per cent by 2020 and achieve mandated carbon reduction goals.
Coop Denmark is a member-owned cooperative with more than 1.7 million members and approximately 1200 stores. Under the project, Honeywell will deploy its Enacto energy management software and up to 20,000 wireless submeters throughout the network of stores to provide the retailer with a unified view of energy use across all of its locations.
"Around the world, retailers are looking for ways to rein in costs and meet regulatory targets," said Jeff Tolnar, president of software for Honeywell Home & Building Technologies. "Geographies may vary, but the business drivers for today's retailers are universal: reduce energy use and lower costs. Honeywell's software gives retailers the technology to better manage their energy use and reduce energy waste."
The New Jersey company’s connected products let Coop Denmark identify opportunities to reduce consumption, lower energy and operational costs, and track returns on energy-saving measures. It will also help the retailer contribute to Denmark's goal of having the world's first carbon-neutral capital by 2025. The project is expected to be completed by 2020.
"Energy use comprises a significant portion of our total costs, so we're always looking for ways to ensure we're being smarter and more strategic with where and how we're consuming it," said Peter Kjærgaard Svendsen, energy manager of Coop Denmark. "Today, given the pressures of our industry, coupled with carbon-reduction goals, we're more mindful than ever of energy consumption. Honeywell's software and energy-saving expertise will help us keep our energy costs in check so we can stay focused on providing the best retail experience for our customers. All of this contributes to a more sustainable Coop and a cleaner environment."
Honeywell will work on the project with local integrator Energidata, which will provide energy audit services to help Coop Denmark identify opportunities to save energy.
Honeywell is a software-industrial company with more than half of its 23,000 engineers focused on software. Honeywell says its industrial heritage gives it the ability to blend physical products with software to make IoT products more connected, efficient and productive.