Itron Celebrates Xcel Energy’s Deployment of 2 Millionth Distributed Intelligence-Enabled Meter
19 March 2024 - 11:45PM
Business Wire
Xcel Energy’s Deployment Empowers Customers and
Accelerates Carbon Reduction Goals
Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for
utilities and cities to manage energy and water, announces that its
customer, major U.S. electric and natural gas company Xcel Energy,
has deployed 2 million Gen™5 Riva™ distributed intelligence
(DI)-enabled electric smart meters. The meters are a key component
of Itron’s end-to-end Advanced Metering Infrastructure (AMI) and
industrial IoT (IIoT) network solution. This deployment is a
important step in Xcel Energy’s efforts to provide cleaner, safer
and more reliable energy to nearly 3.7 million customers across
eight states.
Itron's solution, including the DI-enabled smart meters, helps
energy providers achieve their carbon reduction goals in multiple
ways, including streamlining field operations and reducing truck
rolls. Each meter is connected to Itron’s Gen5 IIoT network and is
embedded with robust DI capabilities that provide real-time
visibility and data at the edge that helps energy providers control
and manage the grid more accurately. The multi-application
capabilities of the IIoT network paired with DI will allow energy
providers to seamlessly integrate additional applications from
Itron and partners as their needs evolve.
Xcel Energy is using DI-enabled smart meters to share
information about electricity usage with consumers in near real
time, empowering them to make more informed decisions about their
energy consumption. With better visibility into energy usage,
customers can take action to manage their energy consumption and
decrease emissions related to their energy. This could help the
company achieve its carbon reduction goals and simultaneously help
customers decrease their energy costs. Xcel Energy uses smart
meters to identify outages faster, improving outage response times
and enhancing the ability to support customer outage notification
and resolution.
“Xcel Energy’s vision is to deliver carbon-free electricity by
2050 across the states we serve, and energy efficiency is a key
part of the clean energy transition. We’re excited to install smart
meters for our customers, giving them more insight and control over
their energy use,” said Michael Lamb, Xcel Energy senior vice
president, distribution and gas. “Technology is advancing in
every area of our lives, and the advanced grid – which smart meters
play a role in – will allow us to better serve our customers into
the future.”
“The deployment of 2 million smart electric meters at Xcel
Energy is a significant milestone for both the utility and Itron.
At Itron, we are committed to helping our customers achieve their
sustainability goals and we believe that our IIoT-enabled solutions
and Gen5 Riva smart meters will play a key role,” said John
Marcolini, senior vice president of Network Solutions at Itron.
“Itron’s smart meters offer unparalleled accuracy, reliability and
next-generation grid edge intelligence. Coupled with a robust
network and distributed intelligence, Xcel Energy can take
advantage of these powerful capabilities to address the business
needs of today, but more importantly of the future, as these needs
continue to evolve. Our solutions are truly enabling a new approach
to managing the low voltage grid and transforming the way utilities
service their customers.”
To learn more about Itron’s DI-enabled smart meters, visit the
product page.
About Itron
Itron is a proven global leader in energy, water, smart city,
IIoT and intelligent infrastructure services. For utilities, cities
and society, we build innovative systems, create new efficiencies,
connect communities, encourage conservation and increase
resourcefulness. By safeguarding our invaluable natural resources
today and tomorrow, we improve the quality of life for people
around the world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party
trademarks are property of their respective owners and any usage
herein does not suggest or imply any relationship between Itron and
the third party unless expressly stated.
Additional Resources
- LinkedIn: https://www.linkedin.com/company/itroninc/
- X: https://twitter.com/ItronInc
- Newsroom: www.itron.com/company/newsroom
- Blog: https://blogs.itron.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240319280856/en/
For additional information, contact:
Itron, Inc. Alison Mallahan Senior Manager, Corporate
Communications 509-891-3802 PR@Itron.com
Paul Vincent Vice President, Investor Relations 512-560-1172
Investors@itron.com
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