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Net Zero Buildings Explored: Cambridge University’s Civil Engineering Building
February 23rd, 2024Schneider Electric Smart Buildings Business & Financials 2023 Examined
February 22nd, 2024
ABB Smart Buildings Business 2023 Examined
In this Research Note, we examine the Smart Buildings business of ABB, based on their February 2024 Factsheet and building automation portfolio, acquisitions, divestments and investments throughout 2023. This article updates our 2022 Examined article published in March 2023 and the Capital Markets Day update for Smart Buildings in December 2023. The Smart Buildings division, part of the $14.6 billion Electrification segment of ABB, reported revenues in the range of $2,750 to $3,250 million for 2023. The division provides electrical distribution products such as wiring devices, miniature breakers, distribution enclosures and DIN-Rail products with building automation, one of four business areas. Memoori expects that Smart Buildings revenue in 2023 was adversely impacted by its exposure to the residential market. ABB Building Automation Portfolio ABB’s portfolio of building and energy management systems includes Cylon’s Active Energy solution, rebranded to ABB Ability Building Ecosystem, i-bus KNX intelligent building control systems and ABB’s Aspect IBMS (Integrated Building Management […]
“Our Industry is Not Moving Fast Enough” – UK Green Building Council
The United Kingdom (UK) is falling behind in its projected green building roadmap according to the UK’s Green Building Council’s (UKGBC) progress report. The initial 2021 roadmap demanded a 19% drop in emissions over the past four years but the latest data shows just a 13% fall, more than 30% short of the target reduction. “Unprecedented global events have shaped the story of the built environment over the last four years, but despite forced emissions reductions during the pandemic, this progress report makes one thing clear: our industry is not moving fast enough,” said Smith Mordak, Chief Executive at UK Green Building Council. UKGBC’s Net Zero Whole Life Carbon Roadmap for the Built Environment, published in 2021, was the first industry-led effort to develop a deliverable pathway to Net Zero for buildings and infrastructure in the UK. It identified the rapid and consistent actions needed to realize the 85% reduction in greenhouse gas emissions (compared […]
Honeywell Building Technologies Business & Financials 2023 Examined
In this Research Note, we examine the Building Technologies business of Honeywell (HBT) based on their 2023 10K Report, investor presentations and commentary from their Q4 investor call. The strategic rationale for the Carrier Access Solutions acquisition is further discussed and significant investments and partnerships by HBT throughout the year are highlighted. Honeywell Products & Services Portfolio Honeywell Building Technologies products and services include advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Launched in May 2023, the Honeywell Forge for Buildings software, hardware and services supports building owners and operators in achieving sustainability, operational efficiency, occupant experience, compliance, safety and security, and resilience goals. HBT 2023 Financials Honeywell Building Technologies Net Sales, 2023 10K Report Sales increased $31 million (1%) due to higher organic sales growth of $145 million in Building Solutions driven […]
Funding for AI HVAC Optimization Startups Continues into 2024
Heating and cooling represents over half of building energy consumption. Therefore, the optimization of heating, ventilation, and air conditioning (HVAC) systems has long been a key component of the smart building vision. While there have been significant efficiency gains from smart technology in recent decades, it has become clear that increased optimization of complex and dynamic facilities can come about with continuously self-learning artificial intelligence (AI). Investors in the smart buildings space have provided significant funding to numerous startups in the HVAC optimization space in recent years. HVAC Optimization Startups in 2024: Myrspoven Funding Boost Just last week, on February 7th, Stockholm-based HVAC optimization startup, Myrspoven, announced a €5.4m ($5.8m) funding round from a range of investors including 4impact capital, Vantaa Energy, and AMAVI Capital. The Swedish startup’s solution utilizes AI to optimize HVAC systems in real-time, thereby lowering energy use without reducing occupant comfort, as discussed in great detail in our September 2021 podcast […]
Live Event: Artificial Intelligence in Commercial Buildings
Join us for a FREE live stream event on February 29th (1500 Paris | 1400 London | 0900 New York | 1800 Dubai) where we will be sharing some key findings from our forthcoming research into the market for artificial intelligence & machine learning in commercial building technologies. We will present some key findings from […]
Motorola Solutions Video Security Business & Financials 2023 Examined
In this Research Note, we examine Motorola Solutions’ video security and access control business in the past year, based on their full-year financial results announced on 8th February 2024, an Investor Overview published in January 2024 and other announcements. We also review two recent acquisitions, which extend the group’s video security product portfolio through entry into adjacent mass notification and sensing device markets. Motorola Solutions Video Surveillance & Access Control Business The Avigilon acquisition in 2018 was the starting point for Motorola Solutions’ Video Security & Access Control business, which has largely grown through strategic acquisitions over the past five years. Indigovision and Pelco were acquired in 2020, Openpath and Envysion in 2021 and Ava Security, Videotec and Calipsa in 2022 to augment its Avigilon leadership position in the video security hardware and software market. The video security and access control business has deployed over 5 million fixed video cameras across over 300,000 sites. Revenues […]
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