Honeywell International Inc
) recently launched a campus-wide energy retrofit project for Coe
College in Cedar Rapids, IA, for $3.45 million to help the college
achieve its energy efficiency targets. The college will fund the
project with a loan issued by the Iowa Economic Development
Authority (IEDA), which helps colleges by providing funds for
energy improvements. The construction is expected to begin in May
with completion expected within a year.
Honeywell identified the areas in the college where improvement can
be made and has built a master plan for future energy efficiency.
As part of this project, Honeywell will improvise 16 facilities by
redesigning air-distribution systems and adding HVAC controls,
high-efficiency lighting and occupancy sensors; weather
improvements to reduce the loss of conditioned air and new plumbing
fixtures to reduce water wastage.
The project aims to reduce the environmental impact of the campus
by reducing close to 2,300 metric tons of annual greenhouse gas
emissions. Also, it is expected to reduce the college's electricity
consumption by 25% and natural gas use by almost 50% and deliver
approximately $220,000 in energy and operational savings annually.
Such projects will not just help in lowering energy usage and costs
but also provide environmental benefits with sustainability goals
for the college.
Honeywell is a global diversified technology and manufacturing firm
with a wide range of products and services. These include control,
sensing and security technologies for buildings, homes and
industry, turbochargers, automotive products, specialty chemicals,
electronic and advanced materials, process technology for refining
and petrochemicals, and energy efficient products and solutions for
homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look now include
Icahn Enterprises, L.P.
Noble Group Limited
), each carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
CLARCOR INC (CLC): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis
ICAHN ENTERPRIS (IEP): Get Free Report
NOBLE GROUP LTD (NOBGY): Get Free Report
To read this article on Zacks.com click here.