New Delhi, India, January thirteenth, 2024: Honeywell (NASDAQ: HON) and NXP® Semiconductors N.V. (NASDAQ: NXPI) introduced at CES 2024 that they’ve signed a Memorandum of Understanding (MOU) to assist optimize the way in which industrial buildings sense and securely management power consumption.
According to the International Energy Agency (IEA), buildings’ operations contribute to 30% of worldwide last power consumption and 26% of worldwide energy-related emissions, so selections made in the present day will considerably impression future power use and potential financial savings. Today’s good power options more and more leverage machine studying and information analytics to boost buildings’ autonomy and power effectivity.
The collaboration goals to assist make buildings function extra intelligently by integrating NXP Semiconductors’ neural network-enabled, industrial-grade functions processors into Honeywell’s constructing administration programs (BMS). The MOU will initially give attention to the Honeywell Optimizer Suite, which affords a versatile, extra future-proofed constructing management and automation platform.
More broadly, the efforts intention to ship good power options powered by AI/machine studying and information analytics to boost constructing autonomy, driving power effectivity whereas guiding service technicians. The purpose is to totally leverage NXP’s neural network-enabled i.MX chipset capabilities to additional improve Honeywell’s BMS product choices.
“Buildings are more and more counting on information and the flexibility to regulate operations through automation to make them extra sustainable whereas working extra effectively,” mentioned Suresh Venkatarayalu, Honeywell’s chief know-how officer. “NXP’s newest machine studying options will assist us ship excellence in constructing automation for our clients.”
“It has by no means been extra necessary to extend the sustainability and luxury of good buildings,” mentioned Lars Reger, NXP Semiconductors’ chief know-how officer. “NXP’s superior portfolio of securely linked processing options are supported by easy-to-use instruments for fast AI mannequin growth and repair platform for provisioning and managing IoT gadgets all through the lengthy constructing administration lifecycle. This functionality, mixed with Honeywell’s experience as one of many main constructing administration resolution suppliers, marks an necessary milestone in our shared imaginative and prescient to allow a better, extra linked world for all.”
Honeywell will construct on NXP’s scalable semiconductor and software program options, such because the i.MX 8M functions processors and that i.MX RT crossover microcontrollers, to assist securely observe, study and adapt in actual time, enhancing analytics and decision-making in the identical on-site BMS tools that manages vital constructing programs. Augmented by cloud-based massive information analytics by the Honeywell Forge analytics options, buildings can more and more leverage higher foresight and perception for power utilization optimization to allow improved sustainability outcomes.