Itron Signs Contract to Modernize Electricity, Gas and Water Infrastructure in Gainesville, Florida

Rhea-AI Summary

Itron, Inc. (NASDAQ: ITRI) has signed a contract with Gainesville Regional Utilities to modernize its infrastructure using Itron’s IIoT network solutions. The project includes smart water and gas communication modules, along with electric smart meters, aimed at improving operational efficiency and data accuracy. Daily electronic data collection will reduce costs and enhance customer service, providing online access for usage monitoring. This initiative aligns with GRU’s commitment to enhance customer experience and pave the way for future smart city applications.

Positive

• Contract with Gainesville Regional Utilities to modernize utility infrastructure with IIoT solutions.
• Enhanced operational efficiency and accurate data collection expected from Itron's technology.
• Daily electronic data collection will lower operational costs and improve customer service.

Negative

• None.

Gainesville Regional Utilities to Improve Data Collection Accuracy and Operational Efficiency with Itron’s IIoT Network Solution

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that they signed a contract with Gainesville Regional Utilities (GRU), a multi-service utility owned by the City of Gainesville, to modernize the utility’s infrastructure with Itron’s multi-purpose industrial IoT (IIoT) network solution, including smart Gen™5 500W water and Gen™5 500G gas communication modules and Gen™5 Riva™ Distributed Intelligence enabled electric smart meters. The utility will also take advantage of Itron Enterprise Edition™ Meter Data Management as a Software-as-a-Service to manage meter and sensor data. These solutions will allow GRU to improve operational efficiency, data collection accuracy and enhance customer service. The utility plans to deploy Itron’s solutions across Gainesville and surrounding areas.

Itron's flexible, extensible solution will enable GRU to execute its data management vision and strategy as it undergoes digital transformation and upgrades its metering infrastructure. Upon completion, GRU’s electric, gas and water operations will leverage Itron’s multi-purpose communications network to receive more accurate data, enabling the utility to act on insights that will help improve service reliability and reduce operational costs.

Through Itron’s solutions, data is collected electronically daily as opposed to manually every month. This eliminates the need and costs associated with physically accessing the homes and businesses of customers to collect read meters. In addition, Itron's solutions can help GRU’s customers lower their utility bills since they can now monitor usage from an online account.

"Our core business principle at GRU is to seek ways to enhance our customer’s experience and reduce the impact of our operations on the environment,” said Chad Parker, Energy Measurement and Regulation Manager at GRU. “Modernizing our infrastructure with Itron's IIoT network solution gives us the opportunity to streamline meter reading and improve services to our customers such as providing accurate and reliable billing. With Itron's solution, it lays the foundation for future applications like Distribution Automation, Street Lighting Controls and other Smart City advanced capabilities.”

“Working together with GRU, the fifth largest municipal electric utility in Florida, to deploy Itron’s unified IIoT solution will enable the utility to enhance the quality, safety and reliability of the services that they delivery to their customers,” said John Marcolini, senior vice president of Networked Solutions at Itron. “We look forward to working together with GRU to meet the changing demands in energy and water service delivery and better manage the planet’s most precious resources.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213005379/en/

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

PR@Itron.com

Source: Itron, Inc.

FAQ

What is the significance of Itron's contract with Gainesville Regional Utilities?

The contract aims to modernize GRU's infrastructure using IIoT technology, enhancing operational efficiency and customer service.

How will Itron's solutions affect utility billing for customers?

The solutions will enable daily electronic data collection, allowing customers to monitor their usage online and potentially lower their utility bills.

What types of technology is Itron providing to Gainesville Regional Utilities?

Itron is providing Gen™5 smart water and gas communication modules and Riva™ Distributed Intelligence electric smart meters.

How does Itron's IIoT solution benefit Gainesville Regional Utilities?

It improves data accuracy, operational efficiency, and supports the utility's digital transformation strategy.

What is the broader impact of Itron's project on Gainesville's utility services?

The project lays the groundwork for future smart city capabilities and enhances service reliability.