Itron (ITRI), the “Microsoft of smart metering” is likely to be a big winner in the coming years as the Obama administration pushes for greater efficiencies but for now growth continues to deteriorate. After years of significant growth in ’05, ’06, ’07 and most of ’08, the company appears headed for a year of flat to negative growth here in 2009. I personally think that just creates an outstanding opportunity once the correction in the … Read the rest
Tag Archives: ITRI
Itron (ITRI) Releases OpenWay(R) Announces Release Of Improved OpenWay Collection Engine
Itron announced on Thursday that is has just released an improved version of its OpenWay Collection Engine, with better security features. The current version of OpenWay does comply with the security guidelines issued by American National Standards Institute. However, the new version exceeds these security requirements to provide security that meets the standards of the Federal Energy Regulatory Commission (FERC) and North American Electric Reliability Corporation (NERC) "Critical Cyber Asset" requirements as well as the … Read the rest
Green Energy Details of Economic Stimulus Package
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
Itron (ITRI) & Digi International (DGII) to Develop Smart Grid Apps
Earlier today, Itron (ITRI) announced a partnership with Tendril in an attempt to rule the smart grid world. Now the company is announcing a collaboration with Digi International (DGII) to enable utilities to remotely monitor and control automation devices utilizing Itron’s OpenWay advanced metering infrastructure network in conjunction with Digi’s ConnectPort gateway.
“Digi complements OpenWay by bridging common technology standards toward the advancement of Smart Grid adoption,” said Russ Vanos, Itron vice president of marketing. … Read the rest
Itron (ITRI) & Tendril Partner on Smart Grid Expansion
Two leading players in the smart grid industry, Tendril and Itron (ITRI) have announced a partnership that will extend the reach of the Tendril Residential Energy Ecosystem (TREE) and provide seamless integratoin over Intron’s OpenWay. Tendril will tap into Itron’s experienced sales force which will resell the TREE energy management system to utilities and energy retailers nationwide.
“Smart metering deployments continue to advance in size and scope,” said Russ Vanos, vice president of marketing, Itron. … Read the rest
Industrial Defender To Partner With Itron (ITRI)
Industrial Defender and Itron are working together to offer Security Event Management for Itron’s OpenWay smart meter system. Industrial Defender’s security technology will be used to manage the data from Itron’s meters, allowing Itron to provide enhanced security to electricity providers using their system.
From MSNBC, here’s what leaders at both companies had to say about the importance of the deal:
… Read the restAdvanced metering infrastructure has the potential to significantly transform key aspects of the utility
Itron (ITRI) To Sell Nighthawk (NIHK) Wireless Power Control Products
Itron (ITRI) and Nighthawk (OTCBB:NIHK) have announced a partnership that allows ITRI to promote, market and sell Nighthawk wireless power control products to its utility customers. Nighthawk’s products will complement ITRI’s automated meter reading product, ChoiceConnect which provides utilities with the ability to connect, disconnect or reduce power to customers based on meter readings remotely.
“Itron certainly recognizes the potential value of combining Nighthawk’s growing wireless control capabilities with our ChoiceConnect suite,” said Philip Mezey, … Read the rest
Itron (ITRI) Reports Profits In The 3rd Quarter And Revises Guidance
It’s 3rd quarter earnings report time again, and we have some good news to report. If you own shares in Itron, a company that makes smart meters, you’ll be pleased to see that they are now turning a profit and are exceeding analyst’s expectations for the third quarter.
This time last year, Itron reported a net loss of $3.4 million, or .11 per share. Yesterday, it reported a net income of $7.7 million or $0.21 … Read the rest
SDG&E Chooses Itron’s Smart Meters
Itron Inc. (ITRI) has reached an agreement with San Diego Gas & Electric (SDG&E) to replace or upgrade the utility’s 2.3 million electric and gas meters with Itron OpenWay technology for its smart meter initiative.
Itron will provide its OpenWay electric meters and gas modules and Itron Enterprise EditionTM Meter Data Management software, as well as implementation, project management and installation services for the utility’s smart meter project. The agreement must be approved by … Read the rest