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Itron, PG&E expand collaboration to create more reliable, flexible grid
Yahoo Finance· 2026-02-04 13:50
Pacific Gas and Electric Company (PCG) and Itron (ITRI) are on the next phase of their collaboration to “transform the energy landscape, enhance the customer experience, reduce wildfire risk and create a more reliable and flexible grid,” the company said. “This collaboration is about innovating to improve the lives of California’s families and businesses,” said Mike Delaney, Vice President, Strategy & Innovation, PG&E. “By using grid-edge technology and real-time data, we can make it easier for our custome ...
Itron and Toumetis Team Up with Southern California Utility to Reduce Wildfire Risk and Improve Reliability by Preventing Outages and Shortening Restoration Time
Globenewswire· 2026-02-03 14:15
Collaboration Advances Wildfire Mitigation with Predictive Analytics, Faster Fault Location and AcceLIBERTY LAKE, Wash. and BOISE, Idaho, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Itron and Toumetis today announced a project in Southern California to strengthen wildfire mitigation and improve electric reliability by deploying advanced, real-time analytics that help reduce SAIFI (System Average Interruption Frequency Index) and SAIDI (System Average Interruption Duration Index) through two complementary levers: prev ...
PG&E and Itron Expand Collaboration to Enhance Customer Experience and Improve Grid Management with Distributed Intelligence
Globenewswire· 2026-02-03 13:45
Core Insights - The collaboration between Pacific Gas and Electric Company (PG&E) and Itron aims to transform the energy landscape, enhance customer experience, reduce wildfire risk, and create a more reliable and flexible grid [1][2] Group 1: Customer Experience and Electrification - The partnership focuses on improving the ease and affordability of home EV charging and electrification, addressing the high costs and lengthy processes associated with electrical upgrades for fast Level 2 EV chargers [3][4] - Itron's grid edge devices can connect directly to Level 2 chargers, automatically adjusting charging speeds based on home electrical limits and local grid conditions, thus avoiding costly upgrades for customers with smaller panels [4][5] Group 2: Grid Safety and Efficiency - The collaboration enhances PG&E's ability to operate the grid more safely and efficiently, reducing operations and maintenance costs while driving down customer rates [6] - Real-time grid awareness is achieved through distributed intelligence applications, allowing PG&E to respond to grid changes in less than one second, which helps in quickly identifying and addressing potential issues [7] - The technology aids in wildfire mitigation by detecting unusual electrical activity that could signal equipment problems, enabling early intervention [7] Group 3: Load Management and Infrastructure - The grid edge devices assist PG&E in balancing electricity demand as more customers adopt electric technologies, optimizing existing grid assets and limiting the need for additional upgrades [8] - PG&E plans to install up to 1,000 new Itron devices by 2026, with intentions to scale to hundreds of thousands, shaping the long-term advanced metering infrastructure [9] Group 4: Funding and Innovation - The collaboration is partially funded through PG&E's electric R&D budget under the Electric Program Investment Charge (EPIC), which supports the demonstration of new technologies for safety, reliability, and affordability [10]
Itron (ITRI) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2026-01-31 00:01
Company Performance - Itron's stock closed at $99.08, down 1.11%, underperforming the S&P 500, which fell 0.43% [1] - Over the last month, Itron's shares increased by 7.89%, outperforming the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 0.89% [1] Upcoming Earnings - Itron is set to release its earnings report on February 17, 2026, with an expected EPS of $2.19, representing a 62.22% increase from the same quarter last year [2] - Revenue is projected at $561.79 million, reflecting an 8.33% decline from the equivalent quarter last year [2] Annual Forecast - For the entire year, Zacks Consensus Estimates forecast earnings of $6.86 per share and revenue of $2.36 billion, indicating a 22.06% increase in earnings and no change in revenue compared to the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Itron suggest a positive outlook, as upward revisions are typically seen as favorable for business prospects [3][4] Zacks Rank - Itron currently holds a Zacks Rank of 4 (Sell), with a recent downward shift of 3.02% in the consensus EPS estimate [5] - The Zacks Rank system has a historical average annual return of +25% for 1 ranked stocks since 1988 [5] Valuation Metrics - Itron has a Forward P/E ratio of 16.94, which is lower than the industry average of 23.56 [6] - The company also has a PEG ratio of 0.56, significantly below the industry average PEG ratio of 2.98 [7] Industry Context - Itron operates within the Electronics - Testing Equipment industry, which ranks in the top 24% of over 250 industries according to the Zacks Industry Rank [8]
Itron to Showcase Advancements in Grid Edge Intelligence and Resiliency at DTECH 2026
Globenewswire· 2026-01-29 13:45
Core Insights - Itron, Inc. is showcasing advancements in its Grid Edge Intelligence portfolio and newly formed Resiliency Solutions segment at DTECH 2026, addressing grid complexity, rising energy demand, and reliability challenges [1][5] Grid Edge Intelligence Portfolio - The Grid Edge Intelligence portfolio provides utilities with end-to-end business solutions, leveraging distributed intelligence (DI) to enhance visibility and control at the grid edge, ultimately reducing total cost of ownership (TCO) [2] - Itron has shipped over 16 million DI-enabled meters and manages more than 100 million endpoints, with 70GWh of flexible customer load and generation dispatched in 2025 [2] - Collaborations with major tech companies like NVIDIA, Microsoft, and AWS enhance the portfolio's capabilities in AI and machine learning, allowing for real-time insights and improved utility data value extraction [3][14] Resiliency Solutions Segment - The new Resiliency Solutions segment integrates capabilities from recent acquisitions (Urbint and Locusview) to help utilities manage critical systems throughout their lifecycle, from planning to operations [4] - These solutions aim to increase efficiency, resilience, and reliability, particularly during high-pressure events such as natural disasters [9] Customer Experience and DER Management - Itron's Customer Experience solutions unify real-time load disaggregation and grid-capacity data, improving program design and customer satisfaction [7] - The IntelliFLEX DERMS solution managed over 70GWh of flexible customer load in 2025 and supports battery storage and solar management across major territories [7] Advanced Grid Reliability - Itron's Advanced Grid Reliability solutions target a 10% reduction in outage minutes and a 20% increase in capacity through improved asset utilization [8] - These solutions provide real-time visibility and analytics to optimize grid operations and enhance safety and resiliency [8] Strategic Collaborations - Itron's partnerships with companies like Schneider Electric and NET2GRID focus on improving grid operations and customer engagement through advanced analytics and load disaggregation [3][12] - Collaborations with Gordian Technologies and Snowflake enhance grid reliability and enable practical power flow analysis for utilities [13][14]
Itron Partners With Snowflake to Advance AI-Driven Grid Planning
ZACKS· 2026-01-28 14:30
Core Insights - Itron, Inc. (ITRI) has partnered with Snowflake to transform utility and city operations in energy and water networks through advanced data analytics and grid intelligence [1][9] Group 1: Collaboration and Solutions - The collaboration focuses on Itron's Grid Planning solution, which utilizes Snowflake's data platform to enhance utility planning and operations, providing accurate data and advanced forecasting capabilities [3][4] - Itron's Grid Planning solution features Powerflow, an innovative system capable of 8,760-hour load forecasting, allowing utilities to identify capacity constraints and improve reliability [3][4] Group 2: Market Dynamics and Challenges - The rise of distributed energy resources (DERs) like solar panels and electric vehicles has complicated power grid management, necessitating advanced analytics and computing power to handle demand fluctuations [2] - Traditional planning tools are inadequate for the complexities of modern, decentralized energy systems, highlighting the need for Itron's advanced solutions [2] Group 3: Strategic Benefits and Features - The partnership offers utilities scalable performance, security, compliance, and cost transparency through usage-based pricing and real-time monitoring [4] - Utilities benefit from operational flexibility with cloud-agnostic deployment and access to AI-driven analytics for predictive maintenance and real-time grid optimization [4] Group 4: Global Rollout and Future Developments - Itron's Grid Planning solution is being rolled out globally, with certain modules already available and others expected to launch by 2026 [5][9] - The full solution operates on Snowflake's AI Data Cloud, ensuring seamless deployment across major cloud providers [5] Group 5: Strategic Acquisitions - Itron is strengthening its capabilities through strategic acquisitions, including the planned purchase of Locusview for $525 million and Urbint for $325 million, aimed at enhancing its grid intelligence and safety analytics [7][8]
Powering Smarter Utilities: Itron Deepens Strategic AI Collaboration with Microsoft
Globenewswire· 2026-01-28 13:45
Core Insights - Itron is enhancing its collaboration with Microsoft to leverage AI for improving utility operations, focusing on efficiency, resilience, and customer engagement [1][3] - The introduction of the Itron Intelligent Edge Operating System (IEOS) Connector for Microsoft 365 Copilot allows utilities to utilize natural-language queries to access insights from Itron's data management systems [2][3] - The partnership aims to redefine grid edge intelligence by applying AI to optimize operations and enhance customer experiences, addressing the challenges utilities face in modernizing infrastructure and reducing costs [3] Company Developments - Itron is launching the IEOS Connector, which integrates with Microsoft 365 Copilot, enabling utilities to access data on consumption patterns, outage history, and other operational insights [2] - The collaboration will automate exception handling in utility processes, such as billing, improving accuracy and accelerating revenue cycles [3] - Itron and Microsoft will showcase their innovations and AI roadmap at DTECH from February 2-5, 2026, highlighting their commitment to AI-driven grid modernization [4] Industry Impact - The partnership is positioned to help utilities achieve measurable gains in efficiency and resilience while preparing for a more sustainable grid [3][6] - Itron's solutions will be made available through the Microsoft Marketplace, facilitating easier access for utilities and partners [6] - The collaboration supports immediate operational improvements and lays the groundwork for a future powered by AI in utility management [6]
Itron and Snowflake Collaborate to Advance Grid Planning with AI-Powered Data Cloud
Globenewswire· 2026-01-27 21:05
Core Insights - Itron, Inc. is collaborating with Snowflake to enhance grid planning and utility analytics, addressing challenges like distributed energy resource integration and grid modernization [1][2] Group 1: Collaboration and Technology - The partnership combines Itron's grid edge intelligence with Snowflake's high-performance data platform to tackle the complexities introduced by the rapid growth of distributed energy resources [2][4] - Itron's advanced Grid Planning solution, powered by Snowflake, allows utilities to conduct detailed load forecasts and identify capacity constraints, enhancing reliability and cost savings [3][4] Group 2: Solution Features - The advanced Grid Planning solution includes four core modules: Scalable Performance, Cost Transparency, Operational Flexibility, and Data Harmonization, all designed to improve utility operations [5] - The solution enables predictive maintenance, load forecasting, and real-time grid optimization through AI-driven insights [5] Group 3: Availability and Future Developments - Model Validator and Load Forecasting are currently available, while Power Flow Analyzer and Hosting Capacity Analyzer are in private preview and expected to be generally available in 2026 [6] - The full solution is accessible through Itron and utilizes Snowflake's AI Data Cloud platform for seamless deployment across various cloud providers [7]
BTQ Technologies and ITRI Partner to Validate QCIM Quantum Secure Chip in Silicon
Prnewswire· 2026-01-21 12:30
VANCOUVER, BC, Jan. 21, 2026 /PRNewswire/ - BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks, and the Industrial Technology Research Institute ("ITRI"), one of the world's leading applied research organizations, today announced a strategic collaboration in 2026 to jointly realize and validate BTQ's Quantum Compute In Memory ("QCIM") chip, a next-generation silicon platform designed to en ...
Itron to Announce Fourth Quarter and Full Year 2025 Results on Feb. 17, 2026
Globenewswire· 2026-01-08 21:05
Core Viewpoint - Itron, Inc. will announce its financial results for Q4 and the full year of 2025 on February 17, 2026, at 8:30 a.m. EST, followed by a conference call at 10:00 a.m. EST to discuss these results [1]. Group 1 - The financial results will cover the period ending December 31, 2025 [1]. - Interested parties can listen to the conference call via a live webcast, which will be accessible on the company's website [2]. - Participants are advised to access the webcast 10 minutes prior to the call to ensure proper audio setup [2]. Group 2 - A replay of the conference call will be available until February 25, 2026, on the company's website [3]. - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions [4]. - The company aims to improve efficiency, build resilience, and provide safe, reliable, and affordable services to utilities and cities [4].