Honeywell is expanding its Smart Energy portfolio by acquiring three utility platforms from SparkMeter, a provider of grid management solutions for utilities. This acquisition includes important technology and assets from SparkMeter.
The new technologies will improve Honeywell Forge Performance+ for Utilities. This will help utilities modernize their grid systems and meet the growing energy demand with data-driven solutions.
The platforms being acquired are:
– Praxis: This platform offers insights and analytics to help utilities improve and make the most of their assets.
– GridScan: This software gives quick visibility into how well distribution grids are performing.
– GridFin: This financial tool analyzes energy supply costs, helps set customer rates, and improves overall financial results.
This acquisition follows Honeywell’s announcement of plans to spin off its Aerospace Technologies and Solstice Advanced Materials businesses, creating three publicly traded companies with distinct strategies.
Since June 2023, Honeywell has also made several moves to encourage growth and simplify its operations, including $14 billion in acquisitions, such as Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, Johnson Matthey’s Catalyst Technologies Business, and Li-ion Tamer.
Honeywell sold its Personal Protective Equipment business to Protective Industrial Products in May 2025.
KEY QUOTES:
“As the demand for energy continues to grow, utilities are facing new challenges that can impact their ability to quickly and efficiently modernize their infrastructure to meet these needs,” said Amol Motivala, president, Honeywell Smart Energy. “By combining these SparkMeter technologies with Honeywell Forge Performance+ for Utilities, we will be able to provide our customers with advanced tools that automate, simplify and optimize their daily planning, operations and existing grid assets. The expansion of our smart energy portfolio will ensure our customers can navigate changing energy demands efficiently – allowing for more comprehensive data management, business intelligence and analytics functionality for utilities.”
