Itron Inc - ITRI STOCK NEWS

Itron (NASDAQ: ITRI) announced its collaboration with Water (WA) to modernize Perth's water distribution system using its Temetra® solution. The project involves installing 16,000 smart water meters as part of the Perth Smart Water Meter Pilot, aimed at addressing persistent drought through improved water conservation management.

The Temetra platform will integrate meter reads from five manufacturers' digital meters and three different communications networks into a unified data platform. The project, which began in September 2024, is expected to go live in April 2025. The solution enables smooth migration from automated meter reading (AMR) to advanced meter infrastructure (AMI), allowing WA to integrate new infrastructure at their own pace while maintaining access to historical data.

LUMA has announced a contract with Itron to deploy approximately 1.5 million smart meters across Puerto Rico, marking a significant milestone in grid modernization. The initiative will not result in customer rate increases and will create over 150 local jobs. Itron's smart grid platform includes advanced meters and a new communications network with redundancy, featuring distributed intelligence capabilities.

The platform offers benefits including improved customer control over energy consumption, faster service restoration, better renewables integration, and enhanced grid monitoring. Installation will begin in San Juan and expand island-wide over three years. The technology includes a 15-year warranty and will integrate with LUMA's existing infrastructure.

Itron (NASDAQ: ITRI) has achieved its 50th deployment of the Temetra® solution in Australia with Aqwest, the water provider for Bunbury, Western Australia. The cloud-based meter data collection and management solution will enable Aqwest to manage existing mechanical meters while optimizing operations.

The deployment allows Aqwest to upgrade to digital meters at their own pace while collecting readings from both mechanical and smart meters through a single platform. Temetra will utilize existing communication protocols and Android devices to collect, record, and upload meter data, providing insights for customer billing and leak detection.

This milestone demonstrates Itron's commitment to addressing water scarcity in Australia. The solution helps utilities manage water operations more efficiently and address potential challenges before they become critical.

Itron (NASDAQ: ITRI) has signed a contract with TasWater, Tasmania's sole water utility, to implement Temetra, a cloud-based meter data collection platform. The solution enables TasWater to collect accurate water meter data through drive-by or walk-by readings, improving operational efficiency and customer satisfaction.

The platform features mis-keyed read alerts to reduce billing errors, real-time data collection capabilities, and compatibility with both Itron and third-party meters. TasWater, serving over 470,000 Tasmanians with 900+ employees, will benefit from improved worker safety by eliminating manual meter reading and enhanced data accessibility through secure cloud storage.

Itron (NASDAQ: ITRI) is partnering with Jemena to deploy its Low Voltage Distributed Energy Resource Management System (LV DERMS) in Australia. The system will manage rooftop solar generation to enhance grid stability. Following Victoria's mandate from Oct. 1, 2024, new solar installations must have utility-compatible inverters allowing remote management. Itron's solution enables Jemena to curtail solar power generation when needed, collect real-time data, and prevent grid instability caused by excess generation. With Australia's rooftop solar penetration at 30%, this implementation addresses critical energy system stability challenges while maintaining uninterrupted customer electricity supply.

PG&E and Itron are collaborating on an innovative EV Connect program to make electric vehicle charging more accessible and affordable. The pilot program uses distributed intelligence edge computing on customers' electric meters to enable Level 2 EV charging without costly panel upgrades. This solution particularly benefits the approximately 50% of PG&E homes with 100-amp service, avoiding thousands in upgrade costs and months of waiting. The initial pilot will support up to 1,000 residential customers and is set to launch in early 2025, with broader availability planned for the second half of 2025.

Itron (NASDAQ: ITRI) announced the integration of its Intelligent Connectivity suite with FirstNet, a nationwide broadband platform for first responders. This integration, through the FirstNet Embedded IoT Program, provides utilities and cities with priority access for critical infrastructure communications. Itron's Access Point 5.5 is now certified for FirstNet use, ensuring reliable communication during emergencies. The collaboration aims to enhance network reliability and resiliency for utility and city customers, offering prioritized connectivity options from LTE to 5G and FirstNet.

Eastside Utility District (EUD) in Tennessee is deploying Itron's Smart Water Solutions to modernize its water network. The project involves upgrading 25,000 mechanical meters to ultrasonic smart water meters with cellular communication modules. The implementation includes a cellular Advanced Metering Infrastructure (AMI) network and Temetra® cloud-based management system. Key benefits include enhanced leak detection, streamlined data collection, reduced field visits, and increased annual water revenues by over 10%. Customers gain access to near real-time usage data through EUD's WaterSmart Customer Portal, promoting better water management and conservation.

Itron (NASDAQ: ITRI) has enhanced its Intelligent Connectivity suite by incorporating Verizon Network Continuity solutions with multi-network eSIM technology. The collaboration aims to provide more reliable communications for utilities, particularly in remote areas with variable network coverage. The integration with Itron's Gen5 Cellular Access Point enables automatic network switching to optimize connectivity and ensure uninterrupted operations. This enhancement includes remote eSIM management capabilities, helping to future-proof utility network investments and support evolving technology adoption.