Itron

Last updated
Itron, Inc.
Company type Public
Nasdaq:  ITRI
S&P 600 Component
IndustryTechnology
Founded1977
Headquarters,

United States
Key people
Tom Deitrich (President & CEO)
ProductsSmart Meters and Modules
Smart Grid
Data Collection
Analysis Software
Data Management
Water Communication Modules
Internet of Things (IoT) [1]
Smart Cities
Demand Response [2]
Professional Services
Sensing + Control
Solar Monitoring
Natural Gas Detectors [3]
Distributed Energy Resources
Smart Streetlights [4]
RevenueIncrease2.svg $2 billion (2021) [5]
Number of employees
5,635 [6]

Itron is an American technology company that offers products and services for energy and water resource management. [1] It is headquartered in Liberty Lake, Washington, United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services.

Contents

Itron OpenWay electricity Smart meter with two-way communications for remote reading in use by DTE Energy Itron OpenWay Electricity Meter with Two-Way Communications.JPG
Itron OpenWay electricity Smart meter with two-way communications for remote reading in use by DTE Energy

History

Itron, a spinoff of Spokane-based Avista Corp., formerly Washington Water Power Co., was founded in 1977 in Hauser Lake, Idaho when a small group of engineers wanted to build a more efficient way to read utility meters. [7] [8] In 1984, Itron experienced global expansion into the Asian market and developed new manufacturing plants in France and the U.K. By 2006, Itron consulting teams were created to offer services for energy efficiency programs, renewables, conservation and demand response. In 2010, Itron was recognized for its commitment to U.S.-based manufacturing when President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. [9] Within the same year, Itron and Cisco formed an alliance to deliver Internet Protocol (IP) communications to the smart grid market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology (ACT), Itron launched the Itron Riva Developers Community for the Internet of Things, for developers interested in developing software applications for the IoT space. [10] Itron completed its acquisition of Silver Spring Networks in January 2018, two American providers of smart meters, grid networks, and software and services. [11] Silver Spring’s Gen5 platform, which provided many of the same features as Itron's OpenWay Riva, has been integrated into a common framework. [11]

Acquisitions

2024 - Itron acquires Elpis Squared
2021 - Itron acquires SELC, a Street Lighting Controls company [12]
2017 - Itron acquires Silver Spring Networks
2017 - Itron acquires Comverge
2012 - Itron acquires SmartSynch, cellular communications and also acquires C&N GasGate Technology for enhanced smart gas distribution systems.
2007 - Itron acquires Actaris Metering Systems.
2004 – Itron acquires Schlumberger Electricity Metering.
2002 - Itron acquires software for distributed system design, field workforce management and energy forecasting.
1996 - Itron acquires UTS, bringing MV-90 metering software application to its product portfolio.
1995 - AEG Meters are acquired with production sites in Italy, Germany, Spain & South Africa.
1993 – Itron acquires two German companies, Heliowatt and Danyl.
1989 - Itron acquires a number of metering companies including Thorn Emi Gas Metering in the U.K. and Bosco Spa in Italy.

Utilities

Various utilities have worked with Itron to deploy smart meters, advanced communications technology, analytics software and other resource management. Below are some of the utilities that have worked and partnered with Itron for smart meter projects.

Cities

San Antonio implemented a six-month smart streetlight pilot program in partnership with CPS Energy, AT&T, and Itron. [4]

Through Itron, the city of Chicago overhauled its streetlights with smart LEDs. In March, the city installed 100,000 new lights—approximately one-third of its 270,000 goal. The project, costing $160 million, was predicted to lead to annual energy savings of $10 million. [14]

For the construction of a new highway, the city of Christchurch, New Zealand used Itron to deploy acoustical sensors at the site so the city can create a baseline before the highway is opened. [14]

The city of Copenhagen, which sees the heavy use of bicycles, has enlisted Itron's help to deploy traffic management capabilities with its smart streetlight infrastructure. [15]

The city of Paris plans to deploy sensors with its smart streetlights to monitor moisture levels in soil for water conservation. [15]

Related Research Articles

<span class="mw-page-title-main">Power-line communication</span> Type of network

Power-line communication (PLC) is the carrying of data on a conductor that is also used simultaneously for AC electric power transmission or electric power distribution to consumers. The line that does so is known as a power-line carrier.

<span class="mw-page-title-main">Distributed generation</span> Decentralised electricity generation

Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER).

<span class="mw-page-title-main">Automatic meter reading</span> Transmitting consumption data from a utility meter to the utility provider

Automatic meter reading (AMR) is the technology of automatically collecting consumption, diagnostic, and status data from water meter or energy metering devices and transferring that data to a central database for billing, troubleshooting, and analyzing. This technology mainly saves utility providers the expense of periodic trips to each physical location to read a meter. Another advantage is that billing can be based on near real-time consumption rather than on estimates based on past or predicted consumption. This timely information coupled with analysis can help both utility providers and customers better control the use and production of electric energy, gas usage, or water consumption.

Energy demand management, also known as demand-side management (DSM) or demand-side response (DSR), is the modification of consumer demand for energy through various methods such as financial incentives and behavioral change through education.

<span class="mw-page-title-main">Smart meter</span> Online recorder of utility usage

A smart meter is an electronic device that records information—such as consumption of electric energy, voltage levels, current, and power factor—and communicates the information to the consumer and electricity suppliers. Such an advanced metering infrastructure (AMI) differs from automatic meter reading (AMR) in that it enables two-way communication between the meter and the supplier.

Nova Scotia Power Inc. is a vertically integrated electric utility in Nova Scotia, Canada. It is privately owned by Emera and regulated by the provincial government via the Nova Scotia Utility and Review Board (NSUARB). Nova Scotia Power Inc provides electricity to 520,000 residential, commercial and industrial customers in Nova Scotia.

A virtual power plant (VPP) is a system that integrates multiple, possibly heterogeneous, power sources to provide grid power. A VPP typically sells its output to an electric utility. VPPs allow energy resources that are individually too small to be of interest to a utility to aggregate and market their power. As of 2024, VPPs operated in the United States, Europe, and Australia.

Landis+Gyr is a publicly listed, multinational corporation operating in over 30 countries and headquartered in Cham, Switzerland. Landis+Gyr makes meters and related software for electricity and gas utilities.

<span class="mw-page-title-main">Smart grid</span> Type of electrical grid

The smart grid is an enhancement of the 20th century electrical grid, using two-way communications and distributed so-called intelligent devices. Two-way flows of electricity and information could improve the delivery network. Research is mainly focused on three systems of a smart grid – the infrastructure system, the management system, and the protection system. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid.

<span class="mw-page-title-main">Electrical grid</span> Interconnected network for delivering electricity from suppliers to consumers

An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids consist of power stations, electrical substations to step voltage up or down, electric power transmission to carry power long distances, and lastly electric power distribution to individual customers, where voltage is stepped down again to the required service voltage(s). Electrical grids vary in size and can cover whole countries or continents. From small to large there are microgrids, wide area synchronous grids, and super grids.

<span class="mw-page-title-main">Google PowerMeter</span> Former software project by Google

Google PowerMeter was a software project of Google's philanthropic arm, Google.org, to help consumers track their home electricity usage. It was launched on October 5, 2009, and ended on September 16, 2011. The development of the software was part of an effort by Google to invest in renewable energy, electricity grid upgrades, and other measures that would reduce greenhouse gas emissions. The software was designed to record the user's electricity usage in near real-time. Google partnered with various companies during the project.

Shell Energy Retail Limited was a British consumer gas, electricity and broadband provider. Formerly a subsidiary of Shell, the business was acquired by Octopus Energy in December 2023.

Tropos Networks is a wireless mesh networking company that provides hardware, embedded software and network management application software for building large scale wireless networks. These networks are used by utilities, municipalities, public safety agencies, mines and others that need to communicate with fixed and mobile assets, as well as mobile workers, in the field. The company was founded in 2000 by Narasimha Chari, Devabhaktuni "Sri" Srikrishna, Christian Dubiel and Jonathan Goldenstein. It is headquartered in Sunnyvale, California. In June 2012, it was acquired by ABB Power Grids Group, now Hitachi Energy.

The OpenHAN standards for home networks was promoted by groups such as openAMI and UtilityAMI. Both efforts aim to standardize powerline networking interoperation from a utility point of view and ensure reliable communications co-extant with AC power outlets. Both utilities and vendors of home control have promoted such standards aggressively. The openHAN label usually denotes standards favored by the utilities, not other service providers. It should be distinguished from the openADR standards that were promoted to ensure open access to customer electricity use data by all service providers.

<span class="mw-page-title-main">Silver Spring Networks</span> Provider of smart grid products

Silver Spring Networks, a subsidiary of Itron, is a provider of smart grid products, headquartered in San Jose, California, with offices in Australia, Singapore, Brazil, and the United Kingdom. Besides communications devices, Silver Spring Networks develops software for utilities and customers to improve energy efficiency. Founded in 2002 backed by venture capital, Silver Spring Networks went public on the New York Stock Exchange on March 13, 2013. Itron acquired Silver Spring Networks in January 2018 for $830 million.

The term smart grid is most commonly defined as an electric grid that has been digitized to enable two way communication between producers and consumers. The objective of the smart grid is to update electricity infrastructure to include more advanced communication, control, and sensory technology with the hope of increasing communication between consumers and energy producers. The potential benefits from a smart grid include increased reliability, more efficient electricity use, better economics, and improved sustainability.

Smart grid policy in the United States refers to legislation and other governmental orders influencing the development of smart grids in the United States.

The UCLA Smart Grid Energy Research Center (SMERC), located on the University of California Los Angeles (UCLA) campus, is an organization focused on developing the next generation of technologies and innovation for Smart Grid. SMERC partners with government agencies, technology providers, Department of Energy (DOE) research labs, universities, utilities, policymakers, electric vehicle manufacturers, and appliance manufacturers. These partnerships provide SMERC with diverse capabilities and exceptional, mature leadership.

In Iran, like many other developed countries, Smart Grid implementation is regarded as a unique way for encountering many serious environmental and economic challenges that mankind is faced today. FAHAM is the National Smart Metering Program in Iran. The functional, technical, security, economic, and general requirements of this project was published as a document after a longtime workgroup of various stakeholders including representative of grid operators, meter manufactures, communication providers, business layer software providers, domestic and international consultants. The procedure of producing this document was base on EPRI Methodology. In these technical documents all of the business and functional use cases, the conceptual architecture, mandatory international standards for electric, water and gas metering systems(for all types of consumers), telecommunication requirements, system interfaces and security mandates are defined. The ministry of energy decided to perform a pilot project called FAHAM-phase1, in order to experiment the execution and technical challenges for implementing Smart Metering for all of the consumers.

Wize technology is a low-power wide-area network technology using the 169 MHz radio frequency. It was created by the Wize Alliance in 2017. Derived from the European Standard Wireless M-Bus, it has mainly been used by utility companies for smart metering infrastructures (AMI) for gas, water and electricity but is equally open to other applications in industry and 'Smart City' spaces.

References

  1. 1 2 Soper, Taylor (June 4, 2021). "Tech Moves: Ex-Microsoft COO Kevin Turner leaves Core Scientific; Magic AI founder joins ThruWave". GeekWire .
  2. Malik, Naureen S. (November 19, 2021). "Texas Plans to Become the Bitcoin Capital, Vulnerable Power Grid and All". Bloomberg News .
  3. Mitnick, Steve (November 11, 2019). "Fortnightly Top Innovators 2019". Fortnightly.
  4. 1 2 Sweeney, Erica (May 5, 2021). "Inside San Antonio's Office of Innovation, which plans to bridge the digital divide with smart technology and infrastructure". Business Insider .
  5. Levine, Scott (December 31, 2021). "Why Shares of Itron Are Plummeting Today". The Motley Fool .
  6. "Form 10-k Annual filing". U.S. Securities and Exchange Commission . December 31, 2021.
  7. McLean, Mike (July 22, 2019). "Itron tabs new CEO from within". Spokane Journal of Business .
  8. "Investor highlight: Itron Inc. | Greater Spokane Incorporated". 24 March 2018.
  9. "President Obama Awards $2.3 Billion for New Clean-Tech Manufacturing Jobs". United States Department of Energy . January 8, 2010.
  10. "Internet of Things". itron.com. Archived from the original on 2015-09-19. Retrieved 2015-09-17.
  11. 1 2 3 St. John, Jeff (May 16, 2018). "Itron's Acquisition of Silver Spring Networks Bolsters Smart Meter and Grid Networking Revenue". Greentech Media .
  12. McCloskey, Brian (March 11, 2021). "Matheson Advises Itron on its Acquisition of SELC". Matheson Law .
  13. Nhede, Nicholas (April 11, 2017). "Demand response project: PNM selects Comverge for rollout of DR initiative". Smart Energy International.
  14. 1 2 Buntz, Brian (September 13, 2019). "Itron Embraces Bottom-Up Strategy for Smart City Technology". IoT World Today.
  15. 1 2 Shea, Sharon (July 19, 2019). "Smart streetlights build smart city network backbone". TechTarget .