The companies will work together to integrate the Verizon’s Managed Connectivity LTE with Honeywell’s IoT sensors to create a smart energy grid.
Verizon and Honeywell recently announced their collaboration to combine Verizon’s Managed Connectivity LTE with Honeywell’s IoT sensors in support of building a smart energy grid. The partnership will accelerate development of an LTE digital ecosystem of smart utility devices.
This integration will provide utility companies with a scalable, open computing and communications platform for creating new services and manage operations. Verizon and Honeywell’s partnership will also help utilities accelerate the roll out of smart utility devices like sensors, controls and other IoT hardware for electrical grids.
Jay Olearain, enterprise products and IoT director at Verizon, says, “Working with Honeywell on these next-generation solutions will enable the reliability and scalability of the communications needed to deliver smart metering, manage distributed energy resources, conserve water, and make the digital world work better for utilities and consumers.”
Deploying this smart grid technology will increase power companies’ energy savings, help predict and plan for times of peak demand, and support customers’ energy efficiency.
The platform includes:
- Device identity
- Dynamic network authorization
- Remote device monitoring
- Modem firmware and application upgrades
- Simplified supply-chain and data access.
The companies will also explore how the utility industry can benefit from 5G’s:
- Increased speed
- Reduced latency
- Ability to accelerate adoption of industrial automation with real-time analytics