Spain’s top energy company and one of the world’s largest utility companies, Iberdrola, has selected Itron’s (ITRI) smart meter technology for the first phase of its smart meter rollout. Itron will provide the development and integration of the smart meters and the data management software to go with it. The initial deployment calls for 100K meters in the city of Castellon, Spain to be completed by the end of this year with the potential for … Read the rest
Tag Archives: Smart Meters
Google’s (GOOG) PowerMeter Lets Consumers Monitor Their Energy Usage Without a Smart Meter
Treehugger has an excellent post up that looks at Google’s PowerMeter and whether or not it can replace the efforts of utilities to install meters and connect them to a smart grid. Google’s PowerMeter devices are giving consumers the power to manage their own energy use independent of local utilities, meaning that you don’t have to wait for your local power company to start installing smart meters to get an in-depth view of your energy … Read the rest
Itron (ITRI) Smashes Estimates, "Momentum Accelerating"
After last quarter’s earnings report I declared that Itron (ITRI) had finally turned the corner and after another quarter of smashing estimates it appears they’re turning that corner up on two wheels, smoke billowing out the back. The company smashed EPS and revenue estimates after the bell today posting a non GAAP EPS of $1.01 (really .75/share if you take out .26/share tax benefit) on revenues of $499 million. That’s still way ahead of the … Read the rest
Reliant Energy (NRG) Receives $20 Million DOE Grant For Smart Energy
Reliant Energy, owned by NRG Energy, just announced that it has received a $20 million grant from the Department of Energy under the American Reinvestment and Recovery Act. The grant will help Reliant roll out more smart energy options to consumers to help them control their energy use.
In a press release, David Crane, NRG Energy, Inc. President and Chief Executive Officer, commented on the grant:
“We are grateful the DOE recognizes the value of … Read the rest
Itron (ITRI) & Lockheed Martin (LMT) In Smart Grid Collaboration
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Two heavy hitters are collaborating, bringing their smart grid technologies together to reduce the cost and complexity for utilities to deploy smart meters. Itron (ITRI) and Lockheed Martin (LMT) announced today that they will integrate Lockheed’s SEEload Demand Response Solution with Itron’s smart grid platform bringing together Itron’s smart grid expertise with Lockheed’s security, command and control and integration expertise.
Itron VP Philip Mezey commented: “Fostering the … Read the rest
Itron (ITRI) To Collaborate With Tropos Networks
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Itron just announced that it will be collaborating on smart grid solutions with Tropos Networks. The two companies will work together to develop an integrated network solution for the utility market as well as other smart grid applications. The solution will allow utilities to create a private broadband network for utility applications.
In a press release, Philip Mezey, Itron North America senior vice president and chief … Read the rest
Cramer Late To Party On Telvent (TLVT): "Great Speculative Smart Grid Play"
Jim Cramer has a good history of recommending stocks that are well overbought and he’s adding another one. Last night on his Mad Money show he recommended a few smart grid plays – Itron (ITRI), Cooper Industries (CBE) and Telvent (TLVT). I have long highlighted ITRI as the best and safest way to play the smart grid long term and it remains in a firm up trend. CBE is an interesting pick and one that … Read the rest
Itron (ITRI) Subsidiary Actaris Wins India (Mumbai) Smart Meter Contract
This is great news for Itron (ITRI) today. Its subsidiary Actaris has won a joint contract with Arad Technologies of Israel to provide 150K water meters to the city of Mumbai which is half of an expected 300K order. The total project of installing 1.2 million water meters throughout Mumbai is expected to come at a cost of $128 million. Both companies expect to receive follow on orders for the project because of the complexities … Read the rest
Echelon (ELON) And GEO Team Up On New Energy Displays
Echelon and Green Energy Options Ltd. (GEO) just announced that they will be collaborating to build new energy displays for Echelon’s Networked Energy Services system. GEO’s displays will communicate with Echelon’s NES smart meters via Zigbee wireless protocols, bringing back information about current and historical energy use as well as energy pricing and displaying it in a format that is easy for consumers to read and understand. This collaboration dovetails nicely with the UK’s new … Read the rest
Itron (ITRI) Begins Deployment Of 4 Million Smart Meters For So Co Edison
Itron (ITRI) has begun a 3 year deployment of 4 million OpenWay smart meter systems for So Co Edison’s residential and small commercial customers.
Senior VP of SCE, Lynda Ziegler, said, “These new digital, secure, two-way communicating meters will measure electricity usage up-to-the minute and, when fully implemented, will enable customers to track how much they use, and how much it costs them. As part of its Edison SmartConnect(TM) program, SCE plans to offer customers … Read the rest