More than 60 Percent of Energy Use to Shift to Renewable Source, Program to
Reduce Emissions, Stabilize Operating Costs
MINNEAPOLIS, Dec. 5 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON)
today announced it has been awarded a $4-million contract with Arnot Ogden
Medical Center in Elmira, N.Y., to implement a renewable energy technology
and infrastructure upgrade program to help the medical center cut
greenhouse gas emissions and insulate its operating budget from
fluctuations in energy costs. The performance contract, guaranteed to save
Arnot Ogden more than $535,000 in annual energy and operational costs,
includes the installation of a wood chip-fired boiler that will handle most
of the heating load for the Main Medical Center. As a result, nearly 60
percent of the energy consumed by the building will come from a renewable
energy source.
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The new boiler alone is expected to reduce carbon dioxide emissions by
more than 9.5 million pounds per year. According to figures from the U.S.
Environmental Protection Agency, this is equivalent to removing 970 cars
from the road.
"Using wood chips from a local supplier allows us to lock-in costs in a
volatile energy environment," said Wes Blauvelt, vice president of Planning
and Marketing for Arnot Ogden Medical Center, a 256-bed community hospital
specializing in diagnostic, ambulatory and acute care services. "This
performance contract gives us one of the most economically feasible ways to
implement a green solution to address our energy needs."
Honeywell and Arnot Ogden have had a successful relationship for more
that 10 years, and have implemented a variety of other energy conservation
measures. The savings that result from the latest upgrades, which are
guaranteed by Honeywell for 10 years, are expected to pay for the work.
Therefore, the improvements should not affect the medical center's
operating budget.
The focal point of the program is the biomass boiler, which will be
fueled each year by more than 7,000 tons of wood chips from a local mill.
This happens through a process called biomass gasification where the wood
chips are heated in an airtight, oxygen-deprived chamber until they break
down to create a synthetic gas that burns similar to natural gas. The gas
is combusted to fire the boiler, giving the medical center a carbon-neutral
solution for heating its facilities.
In addition, Honeywell will seal and weather strip buildings to reduce
the loss of hot and cool air; install high-efficiency motors on building
system equipment; and upgrade steam traps to increase the overall
efficiency of the medical center's heating, ventilation and
air-conditioning (HVAC) equipment. Arnot Ogden also will participate in the
load curtailment program from the New York Independent System Operator
(NYISO), which manages the state's electricity transmission grid. The
program allows the medical center to create additional savings by switching
to backup generators at specific times of the year and reducing the load on
the grid.
Honeywell will provide ongoing maintenance, and performance measurement
and verification contract as part of the contract. The company expects to
complete the boiler installation and other upgrades by February 2008.
"Using renewable energy has an obvious environmental benefit, but it can
have a positive impact on the bottom line as well," said Kent Anson, vice
president of Global Energy for Honeywell Building Solutions. "Working with
Arnot Ogden, we identified the green technology that would meet their
energy needs, provide the greatest return on investment and deliver
guaranteed savings."
Honeywell International is a $34 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morris Township, N.J., Honeywell's shares are traded on the New York,
London and Chicago Stock Exchanges. It is one of the 30 stocks that make up
the Dow Jones Industrial Average and is also a component of the Standard &
Poor's 500 Index. For additional information, please visit
http://www.honeywell.com. Honeywell Building Solutions is part of the
Honeywell Automation and Control Solutions business group, a global leader
in providing product and service solutions that improve efficiency and
profitability, support regulatory compliance, and maintain safe,
comfortable environments in homes, buildings and industry. For more
information about Building Solutions, access
http://www.honeywell.com/buildingsolutions.
This release contains "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of fact, that address activities, events or
developments that we or our management intend, expect, project, believe or
anticipate will or may occur in the future are forward-looking statements.
Forward-looking statements are based on management's assumptions and
assessments in light of past experience and trends, current conditions,
expected future developments and other relevant factors. They are not
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our performance in our Form 10-K and other filings with the Securities and
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