HONEYWELL TO HELP DRIVE AUTOMATION AND ENERGY EFFICIENCY FOR AUSTRALIA'S NEW MELTON HOSPITAL

Rhea-AI Summary

Honeywell has been selected to provide building automation for the new Melton Hospital, Victoria's first fully electric 274-bed facility. Under a 25-year contract, Honeywell will implement its building management solutions, including Honeywell Forge Enterprise Performance Management software, to optimize energy and operational efficiency.

The integration of Honeywell Forge will enable condition-based maintenance, improve system resiliency, and reduce energy costs through machine learning capabilities. The hospital will feature a 24-hour emergency department, ambulatory care, maternity, neonatal, mental health, and radiology services, along with an education hub.

The project is being delivered as a public-private partnership between Western Health and the Exemplar Health consortium, supporting Victoria's goal of achieving net zero by 2050.

Positive

• Secured 25-year long-term contract for building automation services
• Implementation of Honeywell Forge software provides recurring revenue stream
• Strategic alignment with energy transition and automation megatrends
• Strengthens Honeywell's position in healthcare infrastructure sector

Negative

• None.

• 25-year contract anchored by Honeywell Forge Enterprise Performance Management software
• Construction of Victoria's first all-electric hospital supports state's progress to achieving net zero by 2050

MELBOURNE, Australia, Dec. 4, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) has been selected as the building automation provider for the new Melton Hospital, a 274-bed facility that will be Victoria's first fully electric hospital. Honeywell will help provide comprehensive management for building automation systems to optimize the hospital's energy and operational efficiency outcomes.

Under a 25-year contract, Honeywell will install its building management solutions — including Honeywell Forge Enterprise Performance Management software — to help create a more energy efficient, automated and secure facility. As Victoria's first healthcare facility using only electricity as an energy source, the Melton Hospital will help minimise emissions and support the state of Victoria's progress to achieving net zero by 2050.

The integration of Honeywell Forge will enable condition-based maintenance that helps improve the resiliency of critical systems around the clock, reduce unplanned reactive work and lower energy costs. Through Honeywell Forge's machine learning capabilities that continuously study a building's energy consumption patterns, the hospital will be able to automatically adjust to optimal energy-saving settings without compromising critical air quality.

"Honeywell's technologically advanced building automation solutions combined with our decades of experience in total asset management make us uniquely positioned to support the building services for the Melton Hospital both today and over the next 25 years," said Lisa Whitehead, vice president and general manager, Pacific, Honeywell Building Automation. "As a partner to the Melton Hospital, we are committed to helping deliver Victoria's first energy-efficient hospital that provides an optimum indoor environment with a best-in-class design built to address the critical needs of patients."

The Melton Hospital will embed world-class Ecologically Sustainable Development (ESD) technologies to maximise ecological efficiencies in all elements of the design, construction and operation of the development. Honeywell will manage the building in alignment with these efficiency goals, optimizing peak energy demand, energy consumption and water consumption costs so that the project remains flexible and adaptable to changing social and climatic conditions.

The new Melton Hospital will have a 24-hour emergency department, ambulatory care, maternity, neonatal, mental health and radiology services, as well as a new education and training hub for doctors and nurses in Melbourne's western region.

The hospital is being delivered as a public-private partnership: Western Health is the public operator of all clinical services and the Exemplar Health consortium, through a contract from the Victorian Government, is responsible for the hospital's financing, design, construction and maintenance for 25 years following the facility's construction completion. The Exemplar Health consortium includes Capella Capital as sponsor and investor; Lendlease Infrastructure Investments and Invesis as investors; Lendlease as the builder; and Honeywell and Compass Group as facilities and maintenance management providers.

"This work will help deliver a critical uplift in the capacity of public health services in Melton," said Sarah Neaves, director, Capella Capital. "As Melbourne's outer west continues to grow, the Melton Hospital project will allow the hospital to better support its patients, families and staff. We look forward to working closely with the Victorian Government, Western Health and consortium members to deliver this critical piece of health infrastructure."

Honeywell is experienced in total asset management and public-private partnership projects, with a more than 30-year history working in Australia to support commercial buildings, healthcare and critical infrastructure. Honeywell's role builds on its track record developing building automation solutions for the healthcare industry and also supports the company's alignment of its portfolio to three compelling megatrends, including automation and the energy transition.

About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Contacts:

Honeywell 
Dawn Wotapka
(631) 943-3782
dawn.wotapka@honeywell.com

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SOURCE Honeywell

FAQ

What is Honeywell's role in the new Melton Hospital project (HON)?

Honeywell will provide building automation solutions and manage building systems for 25 years, implementing Honeywell Forge Enterprise Performance Management software to optimize energy and operational efficiency.

How many beds will the new Melton Hospital have where Honeywell (HON) is providing services?

The new Melton Hospital will be a 274-bed facility.

What sustainability features is Honeywell (HON) implementing at Melton Hospital?

Honeywell is implementing building management solutions that will help create Victoria's first all-electric hospital, supporting the state's net zero goals through energy efficiency optimization and automated energy-saving settings.

What services will the new Melton Hospital feature under Honeywell's (HON) management?

The hospital will include a 24-hour emergency department, ambulatory care, maternity, neonatal, mental health, radiology services, and an education and training hub.