Leading provider of residential solar financing to use Itron solar
solution as monitoring tool
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ: ITRI) today announced that its solar monitoring
solution has been selected by Clean Power Finance (CPF), a leading
residential solar finance company, as the preferred metering solution
for residential solar installations across North America. As a part of
the agreement, CPF will use Itron's solar monitoring solution to monitor
and sub meter the energy production of the residential solar systems CPF
manages on behalf of investors. The Itron solar monitoring solution
includes Itron's solar meter embedded with cellular communications and
Itron Managed Services for managing and monitoring of solar power
generation.
The Itron solar monitoring solution provides an accurate, reliable way
to measure and manage solar production data at residences that are often
distributed across a wide geographic area. With easy "plug and play"
setup and streamlined activation, the solution will reduce installation
time for CPF's channel partners, improve the data collection process and
ultimately lower costs while improving operational efficiency for the
entire system.
Itron began shipping solar meters to CPF partners in December for
implementation across North America. The revenue-grade solar meters are
ideal for accurately monitoring the production of residential and
commercial solar systems.
"The efficiency and simplicity of Itron's solar monitoring solution
makes it a preferred technology for CPF. The solution helps our
customers reduce installation times and improve monitoring accuracy,"
said Steve Olszewski, senior vice president of operations at CPF. "We
are pleased to have a solution that enables us to easily secure
production data over an existing cellular network."
"As the leading provider of revenue-grade solar monitoring in North
America, Itron enables third-party solar providers, such as CPF, to
easily and accurately monitor solar production," said Jeff Carkhuff,
vice president of global product management for electricity at Itron.
"We look forward to working with CPF on an ongoing basis to supply our
solar monitoring solution so they can better serve their customers."
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, Inc.
Sharelynn Moore
Vice President, Corporate
Marketing and Public Affairs
509-891-3524
sharelynn.moore@itron.com
Source: Itron, Inc.
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