Itron aims to provide communication network to support 'Grid Mod'
objectives for up to 1.3 million customers
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services
company dedicated to the resourceful use of energy and water, announced
today that National Grid, one of the largest investor-owned energy
companies in the world, serving 3.4 million electricity customers and
3.6 million natural gas customers in New England and New York, has
recommended Itron as its Advanced Metering Functionality (AMF) solution
provider in Massachusetts.
The utility has proposed use of Itron's proven OpenWay smart grid
platform to meet the AMF objectives of its Grid Modernization Plan in
Massachusetts. The OpenWay platform would enable access to near
real-time data, outage and restoration notification, two-way
communication and control capabilities. AMF will enable Grid
Modernization objectives of improved outage management, demand
optimization, distributed resource integration, and workforce and asset
management. As part of the AMF proposal, Itron would also design and
implement a comprehensive communications network and cyber security
infrastructure in support of other aspects of National Grid's proposed
Grid Modernization plan. National Grid's proposal is subject to approval
from the Massachusetts Department of Public Utilities, which ordered the
filing of a 10-year Grid Modernization plan consistent with state policy
objectives, and subject to National Grid and Itron agreeing on a
contract.
Following a successful pilot program in Worcester, Massachusetts,
National Grid's proposal could bring Itron's smart grid technology to
the rest of its 1.3 million customers in Massachusetts. The
multi-purpose network, if approved, will support multiple smart grid
applications, including grid monitoring, Volt VAR optimization, advanced
distribution automation, demand response, distributed generation, theft
detection, smart metering and consumer programs. If approved, National
Grid will be positioned to enhance the reliability and resiliency of
electricity service in the face of increasingly extreme weather, and
empower consumers with opportunities to better manage and reduce
electricity costs.
About Itron
Itron is a world-leading technology and services company dedicated to
the resourceful use of energy and water. We provide comprehensive
solutions that measure, manage and analyze energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement devices and control technology; communications systems;
software; as well as managed and consulting services. With thousands of
employees supporting nearly 8,000 customers in more than 100 countries,
Itron applies knowledge and technology to better manage energy and water
resources. Together, we can create a more resourceful world. Join us: www.itron.com.
Itron® and OpenWay® are registered trademarks 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: http://www.businesswire.com/news/home/20160726005397/en/
Itron, Inc.
Sharelynn Moore, 509-891-3524
Vice
President, Global Marketing and Public Affairs
sharelynn.moore@itron.com
Source: Itron, Inc.
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