Itron and Xcel Energy Collaborate to Manage Growing Number of Distributed Energy Resources in Colorado

Core Insights - Itron collaborates with Xcel Energy to manage distributed energy resources (DERs) in Colorado, focusing on residential battery energy storage to enhance grid flexibility and customer choice [1][2] - The adoption of battery energy storage in U.S. homes with solar PV is approximately 25%, indicating a growing trend that energy providers can leverage through Aggregator DERMS [2] - Itron's Aggregator DERMS enables both aggregated and localized management of DERs, optimizing grid operations and supporting reliable electric service [2][3] Company Overview - Itron is a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services, aiming to improve resource efficiency and quality of life [4] - The company currently manages 3 million DER devices for 30 utilities across the U.S., showcasing its capability in addressing future energy challenges [3]