Report emphasizes importance of industry's role in managing energy
and water
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 the release of the third annual Itron Resourcefulness Index
report, a global survey and index benchmarking energy and water
resources management.
In its largest study to date, Itron surveyed more than 2,000 combined
utility executives and informed consumers in key markets around the
globe to benchmark energy and water management. The insights gathered
this year point to the growing importance of the utility industry's role
in leading the transformation in managing finite resources.
Increasingly, utilities are turning to new technologies to reduce wasted
energy and water. Energy utility executives indicated a desire to have
an integrated system that includes gas, solar and wind renewables, which
will drive the transformation and address their changing business model.
Meanwhile, our survey revealed a growing dissatisfaction with the level
of communication and control consumers expect from their utility. At the
same time, the majority of utility executives noted that they are
excelling in communicating with their customers.
"I'm proud to present the 2016 Itron Resourcefulness Index, which
provides important insights into how the industry is reliably,
efficiently and sustainably managing energy and water resources. One of
the prominent themes from this year's report focuses on the leading role
that utilities have in transforming the way we manage and use these
resources around the globe," said Philip Mezey, Itron president and
chief executive officer. "In the age of the Internet of Things and smart
cities, it is becoming clear that utilities have an opportunity to drive
a real shift in how they engage with consumers to enable smarter
communities, propel local economic development and better manage energy
and water. As utilities deploy new technologies and innovations to help
address the changing industry landscape, customers will look to them for
guidance."
Key Themes from the Perception Survey
This year's survey generated several interesting insights from utility
executives and consumers, including 10 key trends:
1. Utilities are deploying technology that can lead the age of the
Internet of Things and smart cities
2. Utilities are turning to
technology to address the changing business landscape
3. Consumers
want utilities to do more to connect the dots for them
4. It's not
about big data; it's about the right data
5. Cybersecurity
continues to be a concern
6. Gas and electricity grids grow together
7.
Addressing wasted water is a priority
8. Governments have an
increasing role in shaping resourcefulness
9. Next generation
workers are needed
10. Everyone needs to take action to create a
more resourceful world
Energy and Water Resourcefulness Indices Findings
Similar to last year, Itron used data from third-party sources to create
two indices—the Energy Resourcefulness Index and the Water
Resourcefulness Index. The indices help to measure country-level
resourcefulness using 35 macro indicators across three core
pillars—effectiveness, efficiency and sustainability—and ranking the
countries according to their performance for each.
Within the energy index, the report found the top five performing
countries to include:
1. United States
2. Germany
3. Canada
4. Japan
5.
France
Within the water index, the five leading countries included:
1. Australia—which topped the Index for the second consecutive year
2.
Japan
3. Germany
4. France
5. United States
Full survey findings are available in the 2016 Itron Resourcefulness
Index, available for download at www.itron.com/index.
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® is a registered trademark of Itron, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160329005469/en/
Itron, Inc.
Vice President, Corporate Marketing and Public
Affairs
Sharelynn Moore, 509-891-3524
sharelynn.moore@itron.com
Source: Itron, Inc.
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