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Belgian Grid Operator to Improve Streetlight Efficiency with Itron’s Smart Street Lighting Solution

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Itron, Inc. (NASDAQ: ITRI) collaborates with Lightwell to provide Fluvius, the largest Belgian grid operator, with a smart street lighting solution to upgrade over 1 million streetlamps with LED technology by 2028. The solution aims to reduce CO2 emissions, lower energy consumption, and increase operational efficiencies. Itron's smart street lighting solution includes streetlight controls, intelligent connectivity, and central management software, while Lightwell's Luxis streetlight luminaires will be managed via Itron's Streetlight.Vision (SLV) software application. The benefits of Itron's SLV solution include automated asset management, flexible scheduling, rapid failure detection, and utility-grade metering data. Through Itron's platform, Fluvius can enable dimming of the Lightwell LED streetlights for additional energy savings.
Positive
  • Collaboration with Lightwell to provide smart street lighting solution for Fluvius
  • Upgrading over 1 million streetlamps with LED technology by 2028
  • Reducing CO2 emissions and energy consumption
  • Increasing operational efficiencies through Itron's smart street lighting solution
  • Benefits of Itron's SLV solution including automated asset management, flexible scheduling, and rapid failure detection
Negative
  • None.

Insights

The collaboration between Itron and Lightwell to provide Fluvius with a smart street lighting solution represents a strategic move within the energy sector, particularly in the context of smart city initiatives. The integration of LED technology and smart controls can lead to significant reductions in energy consumption and CO2 emissions. This is especially pertinent as public lighting accounts for a substantial portion of municipal energy budgets, often up to 40%. By upgrading to LED technology and implementing Itron's Streetlight.Vision software, Fluvius is positioned to not only enhance operational efficiencies but also contribute to broader sustainability goals.

From an energy sector perspective, the ability to remotely manage and optimize street lighting systems offers a glimpse into the future of urban energy management. The use of utility-grade metering data and rapid failure detection, as provided by Itron's solution, can lead to more proactive and predictive maintenance strategies, reducing downtime and extending the lifespan of the assets. For investors and stakeholders in Itron, this partnership underscores the company's role in the evolving smart grid ecosystem and its potential for growth in the smart city market segment.

The environmental implications of the partnership between Itron and Lightwell for Fluvius are noteworthy. Upgrading over 1 million streetlamps to LED technology by 2028 aligns with global efforts to reduce carbon footprints and combat climate change. LEDs are known for their energy efficiency, long life and reduced maintenance needs. When combined with smart street lighting systems, the potential for energy savings and CO2 reduction is amplified. This project not only supports the environmental objectives of the Flemish municipalities but also sets a precedent for other cities and utilities aiming to modernize their infrastructure with sustainability in mind.

Furthermore, the potential dimming capabilities of the LED streetlights via Itron's platform introduce an additional layer of energy conservation, allowing for adjustments based on real-time needs. This level of control and efficiency is a significant step forward in energy management and demonstrates a commitment to environmental stewardship that could influence consumer and investor perceptions positively.

The integration of Lightwell's LED technology with Itron's smart street lighting solution is a prime example of smart city innovation. By leveraging Itron's Streetlight.Vision software, Fluvius can optimize street lighting across multiple municipalities, highlighting the scalability and adaptability of smart city technologies. The central management software enables automated asset management, flexible scheduling and rapid failure detection, which are critical components in managing complex urban infrastructures.

For city planners and utility companies, the ability to integrate and manage diverse systems through a single platform is invaluable. It reduces complexity and allows for more efficient use of resources. The adaptive lighting based on real-time data analysis can improve safety, enhance the urban landscape and contribute to energy savings. As smart city initiatives continue to gain momentum worldwide, the success of this project could serve as a benchmark for similar deployments, potentially influencing future investment and policy decisions in the smart city technology space.

Lightwell and Itron Work Together to Lower Fluvius’s Energy Costs and Reduce Energy Waste by Integrating Lightwell’s LEDs with Itron’s Smart Street Lighting Solution

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that it is collaborating with Lightwell, who creates sustainable public lighting through LED technology, to provide Fluvius, the largest Belgian grid operator and multi-utility company, with Itron’s smart street lighting solution, which includes its streetlight controls, intelligent connectivity and central management software. To reduce Co2 emissions and energy consumption, Fluvius is striving to upgrade more than 1 million streetlamps with LED technology by 2028. Beyond the energy savings from the LED technology, Itron’s smart street lighting solution will allow Fluvius to seamlessly and remotely configure the system to further reduce energy consumption and increase operational efficiencies.

Included in the project, Lightwell’s Luxis streetlight luminaires will be managed via Itron’s Streetlight.Vision (SLV) software application, an industry-leading smart cities central management solution. Benefits of Itron’s SLV solution include automated asset management, flexible scheduling, rapid failure detection and utility-grade metering data. Fluvius can improve energy efficiencies in all 300 Flemish municipalities.

“Working together with Lightwell, Itron is helping to reduce Flemish municipalities’ energy consumption across the grid operator’s 142,915 miles (230,000 kilometers) of utility lines by improving visibility to the streetlighting critical infrastructure,” said John Marcolini, senior vice president of Networked Solutions at Itron. “Knowing that public lighting can consume as much as 40% of a municipality’s energy budget, deploying Itron’s intelligent smart city central management software solution will help Fluvius achieve its energy saving and carbon reduction goals.”

“Through Itron’s smart city management platform, Fluvius can enable dimming of the Lightwell LED streetlights for additional energy savings. At Lightwell, we are thrilled to be working together with Itron as our Luxis LED lighting fixtures will integrate into Itron’s SLV platform with the option to add future smart cities use cases,” said Peter-Paul Metz, CEO of Lightwell. “The proactive management of smart streetlights serves as an example of how to preserve the integrity of the electrical grid for the future.”

About Itron

Itron enables utilities and cities to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful 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

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

Source: Itron, Inc.

FAQ

What is the ticker symbol for Itron, Inc.?

The ticker symbol for Itron, Inc. is ITRI.

What is the goal of the collaboration between Itron and Lightwell?

The goal is to provide Fluvius, the largest Belgian grid operator, with a smart street lighting solution to upgrade over 1 million streetlamps with LED technology by 2028.

What are the benefits of Itron's SLV solution?

The benefits include automated asset management, flexible scheduling, rapid failure detection, and utility-grade metering data.

How can Fluvius enable additional energy savings through Itron's platform?

Fluvius can enable dimming of the Lightwell LED streetlights for additional energy savings through Itron's platform.

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