Published by Todd Bush on August 9, 2023
Honeywell Forge Sustainability+ for Industrials | Emissions Management helps companies meet their greenhouse gas reduction and reporting targets
ATLANTA, Aug. 3, 2023 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced an expansion to its Honeywell Forge Sustainability+ for Industrials | Emissions Management software application that allows industrial companies to measure and monitor both direct and indirect greenhouse gas (GHG) emissions from their operations.
>> In Other News: Honeywell's Advanced Air Mobility Business Reaches $10 Billion in Wins to Help Build the Future of Sustainable Flight
The software application can collect data from Honeywell's leading sensors and gas-cloud imaging cameras to measure direct GHG emissions, also known as Scope 1 emissions. The new capability aggregates data from additional sources to measure indirect GHG emissions from the purchase of energy, known as Scope 2 emissions.
Despite global efforts in decarbonizing the power sector, electricity and heat generation are responsible for over 40% of global CO2 emissions, one of the main types of greenhouse gas.1 Measuring, calculating and accounting emissions are key steps to abate emissions and are incentivized by the recently enacted Inflation Reduction Act in the U.S.2 GHG emissions are also regulated around the world.
"Honeywell's newly expanded solution provides customers with a more comprehensive view of their emissions and a critical tool toward meeting their sustainability goals," said Ravikrishnan Srinivasan, vice president and general manager of Emissions Management at Honeywell Connected Enterprise. "Honeywell is uniquely positioned with its ready-now technology and experience to be the transformational partner that helps organizations accelerate their progress in achieving sustainability outcomes."
Visit our Sustainability page, learn more about the solution, follow Honeywell Forge for the latest news, and explore the product releases announced during our Honeywell Connect and Honeywell Users Group (HUG) events.
>> In Company Spotlight: Honeywell International Inc
Honeywell (www.honeywell.com) is a technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.
Honeywell Forge is intelligent operations software that connects assets, people, and processes, enabling operational performance, sustainability, and quality improvement.
For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
1 IEA (2021), Greenhouse Gas Emissions from Energy Data Explorer, IEA, Paris https://www.iea.org/data-and-statistics/data-tools/greenhouse-gas-emissions-from-energy-data-explorer.
2 PowerPoint Presentation (epa.gov), Inflation Reduction Act of 2022 (IRA) Overview.
SOURCE Honeywell
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💸 Prometheus Slashes Cost of Carbon Capture by More Than 80%, Unlocking Affordable E-Fuels as a New Source of 24/7 Carbon Neutral Power 🌱 Pinwheel Opens Global Call for High-Impa...
Inside This Issue ⚡ The Energy Source That Could Survive Trump’s Attack on California’s Green Ambitions 🌍 Carbon Business Council Expands European Footprint to Support the Continent’s Carbon Remov...
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Pinwheel Opens Global Call for High-Impact Nature-Based Carbon Removal Projects
Pinwheel just launched another application round, hunting for durable and nature-based carbon removal projects that can deliver real impact for major corporate clients. Since launching at COP26 in...
HOUSTON /PRNewswire/ -- HydrogenXT, a leading innovator in zero-carbon fuel-grade blue hydrogen, today announced it has secured a definitive Term Sheet for $900 million in combined debt and equity ...
Northern Endurance Partnership Awards Halliburton Contract for Carbon Capture and Storage Monitoring
HOUSTON — Halliburton (NYSE: HAL) today announced a contract award to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (C...
The Energy Source That Could Survive Trump’s Attack on California’s Green Ambitions
Hydrogen is a growing yet controversial source of energy that some see as key to California’s ambitious climate goals. A new project in Vernon will be one of the largest hydrogen production-and-d...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.