Solution Enables Utilities to Deploy Bring-Your-Own-Thermostat
Programs at a Lower Cost and Minimize Resource Drain
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Jun. 14, 2018--
Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and
cities manage energy and water, launched its Hands-free BYOT™ solution
to enable public power utilities to implement Bring-Your-Own-Thermostat
(BYOT) demand response programs at a lower cost and with minimal impact
In the BYOT model, customers who have purchased a Wi-Fi smart thermostat
are recruited to participate in demand response programs. This is in
contrast to the direct install model for demand response, where a
utility-owned device would be installed in the customer home.
To promote utilities offering BYOT programs, Itron’s Hands-free BYOT
solution is cost-effective and requires no system integration. Itron
works with the utility to manage all the key components of the program,
including participant recruitment, incentive payments, control event
execution, reporting and customer support. With this solution, utilities
can include leading thermostat brands in their program, engage with
their members and customers more deeply while providing them with new
value and rewards and build out a new load control asset.
“Public power utilities have historically been leading adopters of both
customer engagement and demand response programs. For that reason, BYOT
programs are a logical fit for these utilities since they provide a
value-added service to customers and demand response capacity,” said
Brett Feldman, principal research analyst, Navigant Research.
“Customized, easy-to-implement BYOT solutions should fit well with
public power utilities’ needs.”
To manage the outsourced BYOT program for utilities, Itron will use its
IntelliSOURCE®-Connect™ cloud-based software to provide the
easy integration and control of the Wi-Fi thermostats and the
IntelliSOURCE® Express™ demand response management system to
manage participant registration and support as well as execution of
“The Hands-free BYOT solution is tailor-made for smaller public power
utilities who have avoided implementing BYOT programs thus far because
of cost and resource constraints,” said Steve Hambric, Itron’s vice
president of distributed energy management. “This solution will empower
these utilities to use the BYOT model so their members and customers can
become more proactive managers of their energy use.”
The solution comprises software and services and is immediately
available in North America.
Itron enables utilities and cities to safely, securely and reliably
deliver critical infrastructure services 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®, Intellisource® 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: https://www.businesswire.com/news/home/20180614005120/en/
Source: Itron, Inc.
Alison Mallahan, 509-891-3802