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HONEYWELL SURVEY FINDS AI HAS POTENTIAL TO ENHANCE ENERGY SECURITY AS GLOBAL ENERGY DEMAND INCREASES

1. Honeywell survey shows 91% of energy execs see AI's potential for security. 2. Global energy demand expected to rise 32% by 2050, electricity by 75%. 3. 85% of companies are piloting AI solutions for energy enhancement. 4. Key AI applications identified: cybersecurity, predictive maintenance, operational efficiency. 5. Majority anticipate AI will become critical for energy operations in five years.

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Why Bullish?

Honeywell's commitment to AI solutions addresses growing energy demand, likely positioning it favorably for market leadership, akin to historical shifts seen during previous energy transitions.

How important is it?

The emphasis on AI in industry trends aligns with Honeywell's strategic direction, enhancing prospects for revenue growth and competitive positioning.

Why Long Term?

As more companies adapt AI, HON stands to benefit substantially over the next five years, similar to past technology integrations that improved operational efficiencies across industries.

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Cybersecurity, predictive maintenance and operational efficiency identified as most valuable uses of AI for the energy industryThis builds on analysis from Bloomberg that shows overall global energy demand will increase 32% by 2050, /PRNewswire/ -- Honeywell (Nasdaq: HON) today released its AI in the Energy Industry pulse survey, which reveals the majority of participating U.S. energy executives believe artificial intelligence (AI) has the near-term potential to improve and enhance energy security. Honeywell's AI in the Energy Industry pulse survey revealed the majority of participating U.S. energy executives believe AI has the near-term potential to improve and enhance energy security. According to the April 2025 BloombergNEF New Energy Outlook report, overall global energy demand is expected to increase 32% by 2050, with demand for electricity alone expected to increase 75%. To meet this growing demand, energy leaders will need to harness new sources of energy and optimize their current operations using AI and digital technologies.   Honeywell's survey of 300 U.S. decision-makers and influencers in energy and energy-adjacent industries found 91% believe AI has near-term potential to enhance energy security and 85% are already either actively using or piloting AI in their companies today. While only 12% of respondents said AI is currently a critical part of their energy operations, 81% said it will become critical over the course of the next five years – demonstrating the importance of energy security and massive anticipated uptick in adoption expected in the short term. When looking across use cases, 94% are also either already engaged with an AI solutions provider or considering doing so as momentum behind the technology continues to grow."To meet the growing energy demands, industry leaders are leveraging new technology solutions to help address some of the most pressing challenges — enhancing energy security, optimizing current infrastructure, harnessing new sources of energy and augmenting the workforce," said Ken West, President and CEO of Honeywell Energy and Sustainability Solutions. "Looking ahead, new technologies like AI and automation can further optimize existing energy systems and integrate new energy sources more swiftly and efficiently."When asked the most valuable aspects of AI, energy decision-makers surveyed identified several key areas of operations, such as cybersecurity and threat detection (57%), predictive maintenance (52%), and operational efficiency (44%).The survey also found that more than half of respondents (53%) are using AI to address labor shortages and workforce upskilling through virtual assistants, 53% are using to enhance workplace safety and security through monitoring and threat detection and only one-third (36%) are using AI to automate routine tasks.To learn more about the survey results and how Honeywell's AI solutions are helping to shape the energy sector, please visit https://ess.honeywell.com/us/en/home.MethodologyHoneywell commissioned research firm Hudson Pacific to conduct the Honeywell AI in Energy Industry Survey from March 24, 2025 through April 1, 2025. This opinion research is based on responses from 300 U.S. decision-makers and influencers in energy and energy-adjacent industries on their use of artificial intelligence. Respondents included those in oil and gas, electricity generation and distribution, utility construction, solar field development, wind turbine transportation or construction, natural gas distribution, mining, carbon management, chemical manufacturing and more. Leaders taking the survey had input into their company's use of AI in its operations.About HoneywellHoneywell 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.Disclaimer: The information presented in this document is intended solely for informational purposes and not as advice or recommendations for any particular action or investment.  The information should not be relied upon, in whole or in part, as the basis for decision-making or investment purposes. The document and its contents are not guaranteed as to accuracy or completeness and are provided on an "as is" basis.  Use of this information is at your own risk.  Honeywell disclaims all warranties as to the accuracy, completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information. This document includes opinions that should not be construed as statements of fact. Any opinions expressed herein are subject to change without notice. Any forecasts and forward-looking statements are directional indicators, are not predictions of future events, and do not in any way reflect expectations for (or actual) Honeywell operational or financial performance. Any forecasts and forward-looking statements represent our current judgment and are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forecasts and forward-looking statements, which reflect our opinions only as of the date of publication of this document. Honeywell is not obligated to revise or publicly release the results of any revision to these forecasts and forward-looking statements in light of new information or future events.Media Contact:Melissa Volin+1 (980) 502-9330[email protected]SOURCE Honeywell International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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