Itron and EnergyHub Partnership Allows Utilities to Provide Consumers with Real-Time Data, Total Control Over Energy Usage
DENVER, Sep 15, 2009 (BUSINESS WIRE) -- Itron Inc. (NASDAQ:ITRI) announced today its partnership with EnergyHub, a leading home energy solutions provider, for integration of Itron's industry-leading ERT reading technology with EnergyHub's in-home energy management devices. Combining the technologies will allow electric, gas and water utilities to engage their customers as stewards in solving the peak-demand problem.
Itron is the first advanced metering vendor to incorporate EnergyHub's in-home, touchscreen Dashboard and Temperature Control Unit with ERT reading technology. Under terms of the agreement, Itron will also license its ERT reading technology to EnergyHub. This enables the dashboard to act as a two-way messaging platform through which consumption data provided by Itron's ERT reading technology can be communicated to customers, and through which customers can respond. It will also help customers understand next-generation tiered, time-of-use and critical peak rate structures.
"EnergyHub's expertise in human factors, combined with their understanding of the issues facing today's utilities, has led to the development of a world-class Smart Grid product line," said Philip Mezey, Itron North America senior vice president and chief operating officer. "Our partnership with EnergyHub creates a powerful migration path for our customers to extend the value of their deployments toward true smart grid solutions."
The dashboard combines, in a single interface, the functionality of a home energy display and a programmable communicating thermostat. It can also be augmented with EnergyHub Sockets and Strips so consumers can receive a full and detailed picture of their energy usage, down to individual appliances.
Both companies' technologies support a variety of communication standards including ZigBee, allowing for true interoperability, which is foundational to the burgeoning smart grid.
"Itron's ERT technology is the de facto standard in today's advanced metering market," said David Wechsler, vice president of Business Development for EnergyHub. "We are excited to work hand-in-hand with Itron to help bring sophisticated smart grid applications to visionary adopters of the technology."
About Itron:
Itron Inc. is a leading technology provider to the global energy and water industries. Our company is the world's leading provider of intelligent metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas, water and heat meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation, and consulting services. To know more, start here: www.itron.com.
About EnergyHub:
EnergyHub (www.energyhub.net) is the consumer face of the Smart Grid, helping homeowners reduce energy consumption and save money. EnergyHub produces smart, simple, and cost-effective energy management tools that strengthen the relationship between consumers and utilities and solve today's energy problems.
SOURCE: Itron Inc.
Itron Inc.
Deloris Duquette, 509-891-3523
deloris.duquette@itron.com
Vice President, Investor Relations and Corporate Communications
or
Kim Papich, 509-891-3590
kim.papich@itron.com
Communications and Marketing
or
For EnergyHub
Mame McCutchin, 718-522-7051 ext. 10
mame@energyhub.net
Copyright Business Wire 2009