Itron Unveils Grid Edge Essentials Solution to Enable Unprecedented Distribution Grid Visibility
Itron (NASDAQ: ITRI) has unveiled its Grid Edge Essentials solution, a pre-integrated, real-time system designed to address foundational issues at the grid edge and accelerate the energy transition. This solution provides unprecedented distribution grid visibility and enhances consumer engagement.
Key features of Grid Edge Essentials include:
- High-resolution data from every endpoint at the edge of a utility's distribution network
- Potential to enhance grid capacity by up to 20% through asset optimization
- Real-time visibility and control of distributed energy resources
- Accurate meter-to-phase, transformer, and feeder mapping
- Improved load disaggregation and near real-time insights for consumers
- DataHub for secure API access to curated data products
- Open ecosystem for third-party application development
The solution will be available in North America for IOUs in December 2024, with configurations for international markets, cooperative, and large municipal utilities following in 2025.
Itron (NASDAQ: ITRI) ha presentato la sua soluzione Grid Edge Essentials, un sistema pre-integrato in tempo reale progettato per affrontare questioni fondamentali al confine della rete e accelerare la transizione energetica. Questa soluzione offre una visibilità senza precedenti della rete di distribuzione e migliora l'engagement dei consumatori.
Le caratteristiche principali di Grid Edge Essentials includono:
- Dati ad alta risoluzione da ogni punto finale al limite della rete di distribuzione di una utility
- Potenziale per migliorare la capacità della rete fino al 20% attraverso l'ottimizzazione degli asset
- Visibilità e controllo in tempo reale delle risorse energetiche distribuite
- Mappatura accurata di contatori a fase, trasformatori e feeder
- Carico migliorato e approfondimenti quasi in tempo reale per i consumatori
- DataHub per accesso API sicuro a prodotti dati curati
- Eco-sistema aperto per lo sviluppo di applicazioni di terze parti
La soluzione sarà disponibile in Nord America per le utility a dicembre 2024, con configurazioni per i mercati internazionali, cooperative e grandi utility municipali che seguiranno nel 2025.
Itron (NASDAQ: ITRI) ha revelado su solución Grid Edge Essentials, un sistema preintegrado en tiempo real diseñado para abordar problemas fundamentales en el borde de la red y acelerar la transición energética. Esta solución proporciona una visibilidad sin precedentes de la red de distribución y mejora la participación de los consumidores.
Las características clave de Grid Edge Essentials incluyen:
- Datos de alta resolución desde cada punto final en el borde de la red de distribución de una utility
- Potencial para aumentar la capacidad de la red hasta un 20% mediante la optimización de activos
- Visibilidad y control en tiempo real de los recursos energéticos distribuidos
- Mapeo preciso de medidores a fase, transformadores y alimentadores
- Desagregación de carga mejorada y perspectivas casi en tiempo real para los consumidores
- DataHub para acceso API seguro a productos de datos curados
- Ecosistema abierto para el desarrollo de aplicaciones de terceros
La solución estará disponible en América del Norte para las IOUs en diciembre de 2024, con configuraciones para mercados internacionales, cooperativas y grandes utilities municipales que seguirán en 2025.
아이트론 (NASDAQ: ITRI)은 Grid Edge Essentials 솔루션을 공개했습니다. 이 솔루션은 전력망의 경계에서 기본 문제를 해결하고 에너지 전환을 가속화하기 위해 설계된 실시간 통합 시스템입니다. 이 솔루션은 전례 없는 배전망 가시성을 제공하고 소비자 참여를 향상시킵니다.
Grid Edge Essentials의 주요 기능은 다음과 같습니다:
- 유틸리티 배전 네트워크의 경계에 있는 모든 최종 지점에서 고해상도 데이터 수집
- 자산 최적화를 통해 최대 20%까지 전력망 용량 향상 가능성
- 분산 에너지 자원의 실시간 가시성 및 제어
- 계량기-상, 변압기 및 피더 매핑 정확도 향상
- 소비자를 위한 개선된 부하 분리 및 거의 실시간 통찰력
- 보호된 API 액세스를 위한 DataHub 및 데이터 제품 관리
- 제3자 애플리케이션 개발을 위한 개방형 생태계
이 솔루션은 2024년 12월에 북미의 IOU에서 이용 가능하며, 2025년에는 국제 시장, 협동조합 및 대형 지방 유틸리티를 위한 구성이 이어질 것입니다.
Itron (NASDAQ: ITRI) a dévoilé sa solution Grid Edge Essentials, un système pré-intégré en temps réel conçu pour résoudre des problèmes fondamentaux à la périphérie du réseau et accélérer la transition énergétique. Cette solution offre une visibilité sans précédent du réseau de distribution et améliore l'engagement des consommateurs.
Les principales caractéristiques de Grid Edge Essentials incluent :
- Données haute résolution de chaque point de terminaison à la périphérie du réseau de distribution d'un utility
- Potentiel d'amélioration de la capacité du réseau jusqu'à 20% grâce à l'optimisation des actifs
- Visibilité et contrôle en temps réel des ressources énergétiques distribuées
- Cartographie précise des compteurs par phase, des transformateurs et des feeders
- Désagrégation de charge améliorée et aperçus quasi en temps réel pour les consommateurs
- DataHub pour un accès API sécurisé aux produits de données curatés
- Écosystème ouvert pour le développement d'applications tierces
La solution sera disponible en Amérique du Nord pour les IOUs en décembre 2024, avec des configurations pour les marchés internationaux, les coopératives et les grandes utilities municipales à suivre en 2025.
Itron (NASDAQ: ITRI) hat seine Lösung Grid Edge Essentials vorgestellt, ein vorintegriertes Echtzeitsystem, das entwickelt wurde, um grundlegende Probleme am Rand des Netzes zu adressieren und die Energiewende zu beschleunigen. Diese Lösung bietet eine ohnegleichen Sichtbarkeit des Verteilungsnetzes und verbessert die Verbraucherbindung.
Die Hauptmerkmale von Grid Edge Essentials umfassen:
- Hochauflösende Daten von jedem Endpunkt am Rand des Verteilungsnetzes eines Versorgungsunternehmens
- Potenzial zur Steigerung der Netzkapazität um bis zu 20% durch die Optimierung von Anlagen
- Echtzeitvisibilität und -kontrolle von verteilten Energieressourcen
- Präzise Abbildung von Zähler zu Phase, Transformatoren und Zuleitungen
- Verbesserte Lastzerlegung und nahezu Echtzeit-Einblicke für Verbraucher
- DataHub für sicheren API-Zugriff auf kuratierte Datenprodukte
- Offenes Ökosystem für die Entwicklung von Drittanbieter-Anwendungen
Die Lösung wird in Nordamerika für IOUs im Dezember 2024 erhältlich sein, gefolgt von Konfigurationen für internationale Märkte, Genossenschaften und große kommunale Versorgungsunternehmen im Jahr 2025.
- Potential to enhance grid capacity by up to 20% through optimization of existing assets
- Provides high-resolution data from every endpoint at the edge of utility's distribution network
- Enables real-time, autonomous visibility and control of distributed energy resources
- Offers accurate meter-to-phase, transformer, and feeder mapping for improved resiliency and reliability
- Includes DataHub for secure API access to curated data products and lifecycle data management
- Initial configuration to North American IOUs, with other markets and utility types not available until 2025
Insights
Itron's Grid Edge Essentials solution represents a significant advancement in distribution grid management technology. By providing unprecedented visibility to the grid edge, it addresses critical challenges facing utilities today, including aging infrastructure, extreme weather events and the integration of distributed energy resources (DERs).
The solution's ability to enhance grid capacity by up to
The pre-integrated nature of the solution, combining multiple products and services, should accelerate adoption and time-to-value for utilities. This could give Itron a competitive edge in the rapidly evolving smart grid market. The focus on open ecosystems and third-party application development also positions the company well for future innovation and partnerships.
Overall, this launch strengthens Itron's position in the grid intelligence market and could drive significant revenue growth if widely adopted by utilities seeking to modernize their infrastructure and operations.
The unveiling of Grid Edge Essentials is a strategic move that could significantly impact Itron's financial performance. With a market cap of
Key financial implications include:
- Potential for increased recurring revenue through the Software-as-a-Service (SaaS) hosting component
- Expansion of Itron's addressable market by offering a comprehensive, end-to-end solution
- Possible margin improvement due to the pre-integrated nature of the solution, which could streamline deployment and reduce costs
The solution's ability to enhance grid capacity and defer expensive upgrades could make it an attractive investment for utilities, potentially driving strong demand. However, the full financial impact will depend on adoption rates and the pricing strategy, which are not disclosed in the article.
Investors should monitor the uptake of Grid Edge Essentials in the coming quarters, as well as any changes in Itron's revenue mix and margins that may result from this new offering. The December 2024 launch in North America, followed by international expansion in 2025, suggests a phased approach that could lead to gradual revenue growth over the next few years.
Cost-effective, Pre-integrated, Scalable Solution Powered by Distributed Intelligence to Accelerate Time to Value
LIBERTY LAKE, Wash., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, today unveiled its Grid Edge Essentials solution, an industry-leading, pre-integrated, real-time solution to address the foundational issues utilities face at the grid edge and accelerate the energy transition. With Grid Edge Essentials, Itron simplifies and streamlines the adoption of new technologies, dramatically accelerating time to value by providing distribution grid visibility all the way to the grid edge and enhancing consumer engagement.
Electric utilities today are faced with challenges ranging from aging infrastructure and extreme weather events to load growth demand from transportation electrification and data centers and increased grid complexity from distributed energy resources (DERs). Grid Edge Essentials addresses the needs of advanced grid operations and customer service teams with a distributed intelligence (DI) solution that is easy to deploy, integrate and operate. It is the first end-to-end solution in the market that provides high-resolution data from the edge of a utility’s distribution network at every endpoint. This foundational solution can enhance grid capacity by as much as
________________________
1 According to Itron customers
Solution Benefits
Itron’s Grid Edge Essentials solution provides a broad set of benefits, including:
- Renewables Integration – real-time, autonomous visibility and local, standardized control (e.g., IEEE 2030.5) of distributed energy resources and their impact on the LV grid infrastructure.
- Resiliency & Reliability – highly accurate, measured location awareness via meter-to-phase, transformer and feeder mapping.
- Consumer Access & Engagement – more accurate load disaggregation together with more actionable, near real-time insights.
- Carbon Reduction – greater renewable integration while deferring expensive grid upgrades, reducing need for expensive peak power, and maintaining optimized voltage levels (CVR).
- Reduced Operating Costs – predictable low voltage operation with accurate insights into metering and network operations streamline operations and enhance preventive maintenance.
- Data Access – via DataHub, which provides secure, consistent API access to curated data products and lifecycle data management, enabling utilities to leverage more real-time, high-fidelity data across the utility enterprise. DataHub also enables utilities and their customers to share data with authorized third parties.
- Open Ecosystem – Enablement of third-party application development leveraging the DI developer program or curated APIs via the DataHub product accelerates innovation with a vibrant ecosystem.
“Building on our Grid Edge Intelligence portfolio launch earlier this year, Grid Edge Essentials streamlines the path to grid transformation for utilities, providing all of the necessary components to realize operational value now and forms the foundation for future services and use cases,” said Don Reeves, senior vice president of Outcomes. “Grid Edge Essentials is the first step in a utility’s journey to building an advanced, flexible and resilient grid that meets the needs of utility distribution grid operations and provides the utility’s customers with reliable energy.”
Solution Components
Grid Edge Essentials is a bundled, comprehensive solution that pre-integrates multiple products, including DI Quick Start, Operations Optimizer (OO) Essentials, Consumer Engagement, Grid Edge Optimizer solution delivering DI applications, Software-as-a-Service (SaaS) Hosting, Delivery Services, and Intelligent Grid Edge Operation System. The solution leverages Itron’s DI technology, advanced metering, Intelligent Connectivity and is built on Itron’s real-time, high-fidelity Intelligent Edge Operating System.
Itron’s Intelligent Edge Operating System
Itron’s newly launched Intelligent Edge Operating System serves as the foundation for Itron’s Grid Edge Intelligence portfolio. It is designed to provide real-time, large-scale, high-performance and secure data management for electricity, gas and water devices. The operating system aims to reduce implementation and operational costs by simplifying customer integrations through standard interfaces and by processing device data through a highly scalable common data processing layer.
Utilities’ systems seamlessly integrate with the Itron Intelligent Edge Operating System, and business applications utilize the operating system's common data model and modular components to enable their use cases leveraging previous investments. Additionally, utility or third-party applications can access all data through the common API patterns in Itron’s DataHub. This significantly accelerates utilities’ ability to operationalize data and provides a reliable source of data for next generation machine learning and artificial intelligence.
The adaptable platform is pre-integrated with Itron’s UtilityIQ, SensorIQ, OpenWay Collection Manager and Temetra headend software systems. Its modular and open architecture also allows it to be “headend agnostic” through standards such as CIM (Common Information Model), ensuring compatibility with a wide range of systems.
Availability
Grid Edge Essentials’ initial configuration for IOUs will be available in North America in December 2024. Configurations for international markets, cooperative and large municipal utilities will be available later in 2025 building on our AMI Essentials for Public Power solution. To learn more, visit the Grid Edge Essentials product page and read the brochure.
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®, the Itron Logo, OpenWay, Operations Optimizer and Temetra are registered trademarks of Itron, Inc in the United States and/or other countries and jurisdictions. 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.
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
Itron, Inc.
- LinkedIn: www.linkedin.com/company/itroninc
- X: https://twitter.com/ItronInc
- Newsroom: https://itron.com/newsroom
- Blog: https://itron.com/blog
FAQ
When will Itron's Grid Edge Essentials solution be available for North American IOUs?
What is the potential grid capacity enhancement offered by Itron's Grid Edge Essentials (ITRI)?
What key features does Itron's Grid Edge Essentials (ITRI) offer for renewable integration?
How does Itron's Grid Edge Essentials (ITRI) improve consumer engagement?
