Itron and Xcel Energy Collaborate to Manage Growing Number of Distributed Energy Resources in Colorado
Itron (NASDAQ: ITRI) announced a collaboration with Xcel Energy to manage distributed energy resources (DERs) in Colorado, focusing on residential battery energy storage. The partnership involves deploying Itron's Aggregator Distributed Energy Resource Management System (DERMS) from its Grid Edge Intelligence portfolio.
The system will support Xcel Energy's Renewable Battery Connect program, enabling the management of consumer-owned residential battery storage to optimize grid operations, enhance system reliability, and lower energy costs. Currently, 25% of U.S. homes with solar PV have battery energy storage. Itron's Grid Edge Intelligence portfolio manages 3 million DER devices for 30 utilities across the U.S.
Itron (NASDAQ: ITRI) ha annunciato una collaborazione con Xcel Energy per gestire le risorse energetiche distribuite (DER) in Colorado, concentrandosi sullo stoccaggio di energia tramite batterie residenziali. Il partenariato prevede l'implementazione del Sistema di Gestione delle Risorse Energetiche Distribuite (DERMS) di Itron, parte del suo portafoglio Grid Edge Intelligence.
Il sistema supporterà il programma Renewable Battery Connect di Xcel Energy, consentendo la gestione dello stoccaggio di batterie residenziali di proprietà dei consumatori per ottimizzare le operazioni della rete, migliorare l'affidabilità del sistema e ridurre i costi energetici. Attualmente, il 25% delle case statunitensi con pannelli solari ha uno stoccaggio di energia tramite batterie. Il portafoglio Grid Edge Intelligence di Itron gestisce 3 milioni di dispositivi DER per 30 utility negli Stati Uniti.
Itron (NASDAQ: ITRI) anunció una colaboración con Xcel Energy para gestionar los recursos energéticos distribuidos (DER) en Colorado, centrándose en el almacenamiento de energía en baterías residenciales. La asociación implica el despliegue del Sistema de Gestión de Recursos Energéticos Distribuidos (DERMS) de Itron, parte de su cartera de Grid Edge Intelligence.
El sistema apoyará el programa Renewable Battery Connect de Xcel Energy, permitiendo la gestión del almacenamiento de baterías residenciales de propiedad del consumidor para optimizar las operaciones de la red, mejorar la fiabilidad del sistema y reducir los costos de energía. Actualmente, el 25% de las casas en EE. UU. con paneles solares tienen almacenamiento de energía en baterías. La cartera de Grid Edge Intelligence de Itron gestiona 3 millones de dispositivos DER para 30 empresas de servicios públicos en EE. UU.
Itron (NASDAQ: ITRI)는 Xcel Energy와 협력하여 콜로라도에서 분산 에너지 자원(DER)을 관리하는 프로젝트를 발표했습니다. 이 프로젝트는 주거용 배터리 에너지 저장소에 중점을 둡니다. 협력의 일환으로 Itron의 Grid Edge Intelligence 포트폴리오에 있는 분산 에너지 자원 관리 시스템(DERMS)을 배치할 예정입니다.
이 시스템은 Xcel Energy의 Renewable Battery Connect 프로그램을 지원하여 소비자가 소유한 주거용 배터리 저장소를 관리함으로써 전력망 운영을 최적화하고 시스템 신뢰성을 높이며 에너지 비용을 절감하는 데 도움을 줍니다. 현재 미국의 태양광 패널이 있는 집 중 25%가 배터리 에너지 저장을 하고 있습니다. Itron의 Grid Edge Intelligence 포트폴리오는 미국의 30개 유틸리티를 위해 300만 개의 DER 장치를 관리합니다.
Itron (NASDAQ: ITRI) a annoncé une collaboration avec Xcel Energy pour gérer les ressources énergétiques distribuées (DER) dans le Colorado, en mettant l'accent sur le stockage d'énergie à l'aide de batteries résidentielles. Ce partenariat implique le déploiement du Système de Gestion des Ressources Énergétiques Distribuées (DERMS) d'Itron, qui fait partie de son portefeuille Grid Edge Intelligence.
Le système soutiendra le programme Renewable Battery Connect d'Xcel Energy, permettant la gestion du stockage de batteries résidentiel détenu par les consommateurs afin d'optimiser les opérations du réseau, d'améliorer la fiabilité du système et de réduire les coûts énergétiques. Actuellement, 25 % des foyers américains dotés de panneaux solaires photovoltaïques possèdent un stockage d'énergie par batterie. Le portefeuille Grid Edge Intelligence d'Itron gère 3 millions de dispositifs DER pour 30 entreprises de services publics à travers les États-Unis.
Itron (NASDAQ: ITRI) gab eine Zusammenarbeit mit Xcel Energy bekannt, um verteilte Energie-Ressourcen (DER) in Colorado zu verwalten und konzentriert sich dabei auf die Speicherung von Energie durch private Batterien. Die Partnerschaft umfasst die Implementierung des Aggregator Distributed Energy Resource Management Systems (DERMS) von Itron, das Teil des Grid Edge Intelligence-Portfolios ist.
Das System wird das Renewable Battery Connect-Programm von Xcel Energy unterstützen, das die Verwaltung von privat genutzten Batterien für Wohnzwecke ermöglicht, um die Netzbetriebsabläufe zu optimieren, die Systemzuverlässigkeit zu erhöhen und die Energiekosten zu senken. Derzeit haben 25 % der US-Haushalte mit Solar-PV-Bausteinen eine Batterie-Energiespeicherung. Das Grid Edge Intelligence-Portfolio von Itron verwaltet 3 Millionen DER-Geräte für 30 Versorgungsunternehmen in den USA.
- Managing 3 million DER devices for 30 utilities across U.S.
- Strategic partnership with major utility Xcel Energy
- Expansion into growing residential battery storage market
- None.
Insights
This collaboration between Itron and Xcel Energy marks a strategic advancement in distributed energy resource management, with Itron's Aggregator DERMS positioned to manage Colorado's growing residential battery network. The significance lies in the ability to transform individual customer batteries into collective grid assets, effectively creating a virtual power plant.
The implementation addresses a important market opportunity, considering that
While the immediate revenue impact may be modest, this positions Itron strongly in the rapidly growing DER management market. Their existing portfolio already manages 3 million DER devices across 30 utilities, demonstrating significant market penetration and scalability potential. This deal strengthens Itron's competitive position in grid modernization solutions, particularly valuable as utilities nationwide prepare for increased DER adoption.
From a utility infrastructure perspective, this partnership represents a sophisticated approach to grid modernization. The integration of customer-owned batteries into grid operations through Itron's platform creates a dual-benefit scenario - utilities gain flexible grid resources while customers maintain autonomy over their energy assets.
The system's ability to perform both aggregated and localized DER management is particularly valuable for grid stability. This functionality helps utilities like Xcel Energy maintain reliable service while accommodating increased electrification demands from EVs and renewable energy sources. The distributed intelligence capability, operating through customer meters, enables near real-time response to grid conditions - a critical feature for maintaining grid stability with high DER penetration.
Itron’s Grid Edge Intelligence Portfolio Provides Grid Support with Innovative Residential Battery Energy Management
LIBERTY LAKE, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. As part of this collaboration, Xcel Energy has contracted with Itron to deploy an Aggregator Distributed Energy Resource Management System (DERMS) from Itron’s Grid Edge Intelligence portfolio to help manage DERs.
On average,
“As we lead the clean energy transition, Xcel Energy continues to make strides to deliver energy to our customers when and where they need it. Using our Virtual Power Plant program - Renewable Battery Connect, we can manage distributed energy resources to help our energy grid meet unprecedented increases in demand from a more electrified economy,” said Emmett Romine, VP Customer Energy & Transportation Solutions at Xcel Energy. “We’re delivering clean, reliable and resilient electricity to customers while keeping bills low, and we’re always looking for opportunities to use new technologies to benefit our customers.”
“Xcel Energy is an innovator in adopting and deploying systems that are ready for the increase in DERs. Our solution turns these customer-owned devices into grid assets, which is crucial for an electrified future,” said Don Reeves, senior vice president of Outcomes at Itron. “Itron’s Aggregator DERMS can lay the foundation for autonomous management of DERs, when used with distributed intelligence, to provide real-time visibility into the grid edge. This broader solution uses back-office analytics combined with DI edge computing that operates on a customer’s Itron electric meter directly. DI can connect to, and coordinate with the customer’s DER, such as battery storage, to continuously take advantage of stored energy in near real-time to protect customer and grid assets autonomously, which is an industry first.”
“Itron’s Grid Edge Intelligence portfolio currently manages 3 million DER devices for 30 utilities across the U.S. and helps solve the challenges of tomorrow by leveraging the power of grid edge intelligence. I look forward to our continued collaboration with Xcel Energy and supporting a grid that’s ready for the future of DERs.”
To learn more about Itron’s Grid Edge Intelligence portfolio, visit the solution 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.
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FAQ
What is the purpose of Itron's collaboration with Xcel Energy in Colorado?
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What percentage of U.S. homes with solar PV also have battery energy storage?
How will ITRI's Aggregator DERMS benefit Xcel Energy's customers?
What is Xcel Energy's Renewable Battery Connect program using ITRI's technology?
