Honeywell to Deploy Two Smart Grid Projects for CFE, Mexico's State-Owned Electric Utility

- Projects include more than 200,000 smart meters, communications devices and software to collect and manage meter data

- New projects to help CFE continue modernizing and stabilizing grids in east and southeast regions

- Honeywell has provided more than 1 million meters to CFE since 1992 to help utility reduce costs and boost energy efficiency for 35 million customers

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Honeywell

Oct 05, 2016, 10:00 ET

RALEIGH, N.C., Oct. 5, 2016 /PRNewswire/ -- Honeywell (NYSE: HON) has been awarded two new regional smart grid projects in Mexico by a consortium appointed by the country's federal electricity company, Comisión Federal de Electricidad (CFE), to manage its smart grid initiatives.

Honeywell's Smart Energy business, a global provider of electricity and gas meters, and data analytics solutions, will deploy more than 200,000 smart electricity meters along with communications devices and software analytics tools to seven cities in CFE's east and southeast regions.

The work will help the utility reduce costs and enhance service by minimizing electricity losses across its transmission network and more quickly identify and respond to power outages. Since 1992, Honeywell has provided CFE with more than 1 million meters – including 700,000 smart meters – for residential and commercial customers as part of multiple network upgrades in all of the utility's 16 regional divisions in Mexico.

"We are a preferred partner for smart grid projects based on our proven technology and expertise in helping our customers address evolving energy efficiency challenges like non-technical loss," said Rob Tupker, president Honeywell Smart Energy. "These new CFE awards are the latest in our expanding base of successful turn-key projects across Mexico."

CFE, the largest utility in the Central America and Caribbean region with more than 35 million customers, is in the process of replacing outdated energy transmission infrastructure and metering equipment with modern technology that enables remote monitoring as well as outage detection. The rollout in CFE's east region was completed in August and the southeast region is expected to be completed in July 2017.

"The Mexican Electrical Utility estimates the country's electrical grid loses 13.11% percent of the electricity it produces, as stated in the 2015 CFE Annual Report. For more than 10 years we've partnered with Honeywell to help CFE modernize its operations and work toward its goal of reducing electrical losses using smart grid technology," said Bernardo Castro, general manager of Tecnologías EOS, a member of the consortium chosen by CFE to manage its smart grid initiative.

Honeywell delivers complete smart grid and energy management solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers and consumers.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

SOURCE Honeywell