INDIA: Honeywell today introduced Honeywell Forge Performance+ for Utilities, a groundbreaking platform designed to help utilities improve their operations and enhance the performance of existing utility grid assets and IT investments. The integration of automation software for utilities supports Honeywell’s alignment of its portfolio with the automation and energy transition megatrends.

The new solution is built on Honeywell Forge, which incorporates artificial intelligence (AI), machine learning, and digital twin capabilities intended to help utilities monitor assets, effectively identify root causes, and introduce predictive analytics to become more proactive with grid asset management. Forge Performance+ for Utilities also enables automation processes like demand response and distributed energy resource management to increase grid reliability and stability.

“Honeywell Forge Performance+ for Utilities is designed to enhance existing systems, providing greater value to utility companies’ investments and supporting a seamless combination of capabilities from various tools into a single, reliable platform,” said Hamed Heyhat, President of Honeywell Smart Energy and Thermal Solutions (SETS). “Through the power of digitalization, utilities will now have access to more quality data to better serve their customers and assets.”

Most traditional utility distribution grids were designed over a century ago to support highly predictable top-down generation and distribution of energy, water, or gas to consumers, leading to a lack of data or siloed data. Today, utilities face new challenges ranging from interpreting massive amounts of Advanced Metering Infrastructure (AMI) data and grid asset data to managing the accelerating adoption of less predictable Distributed Energy Resources (DERs). These renewable energy sources include solar panels, wind turbines, energy storage systems, and electric vehicles.

Honeywell Forge Performance+ for Utilities delivers near real-time insight to help utilities improve grid operation and address variability associated with new energy sources. The solution also provides a “bottom-up” forecast of energy demand, available distributed power-generating assets, and controllable loads designed to provide heightened operational visibility. With this visibility, utilities can better balance energy supply and demand which contributes to grid reliability and resiliency.

“The industry needs an innovative solution to help store and digitalize the multiple data streams from complex utility infrastructures around the world,” said Ben Dawson of SECO Energy, a not-for-profit electric cooperative based in Central Florida. “Honeywell Forge Performance+ for Utilities’ ability to receive real-time actionable insights on one connected platform helps utilities better connect with their customers worldwide.”

The innovative platform integrates, organizes, and visualizes data from various sources to accelerate analytics processes and digitalize utility grid data into actionable, real-time business and operational insights. It can run a variety of applications, including those from both Honeywell and third-party partners such as SparkMeter.

To learn more about Honeywell Forge Performance+ for Utilities, please visit this website.

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Mr. Vikas Bajaj, Managing Director and CEO of Bajaj Motors and President of AIFI, shared that ForgeTech India 2023 witnessed a remarkable display of enthusiasm and support from the Indian forging industry, serving as a testament to the sector’s resilience and continuous growth. The event was inaugurated by Mr. Baba Kalyani, Chairman and Managing Director of Bharat Forge, and provided an exceptional platform for knowledge exchange, networking, and fostering collaborative endeavors within the industry.

The event was made possible through the support of various sponsors, with Inductotherm leading as the Title Sponsor, and notable companies such as JSW Steel, SLR Metaliks, and Arjas Steel amongst others, contributing significantly to the success of the event.

Mr. Baba Kalyani, Chairman and Managing Director of Bharat Forge Limited, in his address to the audience, shared his insights on the trajectory of the forging industry in India, remarking, “ForgeTech India 2023 has highlighted the remarkable strides made by the Indian forging industry, underscoring the industries potential for exponential growth and global recognition.”

Mr. Yash Munot, CEO of Varsha Forgings, Vice President AIFI and Convenor for ForgeTech India 2023, expressed his vision for the industry, stating “ForgeTech India 2023 has reinforced the paramount role of collaboration and innovation in propelling the forging industry forward. I eagerly anticipate nurturing a culture of excellence and advancement within both the AIFI and the forging sector as a whole.“

ForgeTech India 2023 has achieved an unprecedented benchmark solidifying its stature as the foremost national conference and convention for the forging industry in India. This accomplishment positions it as the most significant congregation of professionals and leaders in the Indian forging domain. The event’s emphasis on technological advancements and collaborative initiatives has significantly contributed to the advancement and global recognition of India’s forging industry.

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