Itron and Ausgrid Advance Energy Resource Integration to Millions of Consumers in Eastern Australia

Itron (NASDAQ: ITRI) announced an extension of its collaboration with Ausgrid on March 18, 2026, to deploy IntelliFLEX Low Voltage DERMS across Ausgrid’s network.

Rhea-AI Summary

Itron (NASDAQ: ITRI) announced an extension of its collaboration with Ausgrid on March 18, 2026, to deploy IntelliFLEX Low Voltage DERMS across Ausgrid’s network.

The solution aims to enable real-time monitoring and control of rooftop solar, batteries and EVs to meet NSW Emergency Backstop Mechanism obligations and improve low-voltage visibility and grid stability.

Positive

• Selected to deploy IntelliFLEX LV DERMS for Ausgrid
• Enables real-time monitoring and control of rooftop solar
• Supports compliance with NSW Emergency Backstop Mechanism
• Builds on >15 years of Itron–Ausgrid collaboration

Negative

• Emergency Backstop may require temporary reduction of rooftop solar exports
• Rapid rooftop solar adoption increases risk of minimum system load events

Argus Mar 19 session

+0.98% close to close Open Argus

Details

News Market Reaction – ITRI

On Mar 19, the first trading day after this news, ITRI closed 0.98% above the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Key Figures

NSW rooftop solar homes: 1 million households and small businesses Share of homes with solar: approximately one quarter of all homes Collaboration length: more than 15 years +2 more

NSW rooftop solar homes

1 million households and small businesses

Homes and small businesses in New South Wales with rooftop solar installed

Share of homes with solar

approximately one quarter of all homes

Proportion of homes in New South Wales with rooftop solar installed

Collaboration length

more than 15 years

Duration of Itron’s collaboration with Ausgrid

Conference booth

booth #43

Itron’s booth at Energy Networks Australia Conference

Conference dates

March 17 to 19, 2026

Energy Networks Australia Conference dates in Adelaide

Historical Context

5 past events · Latest: Mar 16

5 events

1. Mar 16

   AI grid partnership

   24h Move

   +1.1%

   AI-powered distributed intelligence demo with NVIDIA Jetson at the grid edge.

2. Mar 03

   Product expansion

   24h Move

   -1.8%

   UtilityIQ suite expanded to support new cellular gas and water modules.

3. Feb 23

   Convertible notes pricing

   24h Move

   +2.8%

   Upsized $700M 0.00% convertible notes due 2032 with capped calls and buyback.

4. Feb 23

   Debt offering plan

   24h Move

   -4.3%

   Announcement of proposed $600M convertible senior notes and potential buyback.

5. Feb 17

   Earnings results

   24h Move

   +7.9%

   Q4 and FY 2025 results with revenue declines but stronger EBITDA and cash flow.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

distributed energy resource management system, consumer energy resources, minimum system load events

3 terms

distributed energy resource management system technical

"to deploy Itron’s IntelliFLEX Low Voltage Distributed Energy Resource Management System (LV DERMS)"

A distributed energy resource management system (DERMS) is software that coordinates many small power sources—like rooftop solar, batteries, electric vehicle chargers and demand controls—so they work together like a traffic controller for the electric grid. For investors, it matters because DERMS can increase the value and reliability of distributed assets, unlock new revenue streams or cost savings, and affect how utilities and companies compete and comply with regulations.

consumer energy resources technical

"designed to enable electricity distributors like Ausgrid to manage Consumer Energy Resources (CERs)"

Consumer energy resources are the fuels, electricity and related services that households and businesses use to power daily life—things like natural gas, grid electricity, gasoline and small-scale renewable sources. Investors care because these resources drive steady demand, affect utility and energy company revenues, and respond to price swings, regulations and technology shifts; think of them as the household budget items that determine how much people spend on staying powered and warm.

minimum system load events technical

"this rapid adoption increases the risk of minimum system load events (where supply outstrips demand)"

Minimum system load events are moments when the demand on an operational system — such as an electricity grid, data center, or manufacturing line — falls to a predefined low level required for safe or efficient operation. Investors care because these low-demand periods can force changes in how assets are run, trigger standby costs or lost revenue, affect maintenance and reliability plans, and influence regulatory payments or penalties; think of it like a highway at 3 a.m., where very low traffic changes how the road is used and maintained.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Ausgrid Deploys Itron Solution to Ensure Grid Reliability and Compliance with Market Requirements

LIBERTY LAKE, Wash., March 18, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that it is extending its collaboration with Ausgrid, the largest distributor of electricity on Australia’s east coast, to deploy Itron’s IntelliFLEX Low Voltage Distributed Energy Resource Management System (LV DERMS), which is specifically designed to enable electricity distributors like Ausgrid to manage Consumer Energy Resources (CERs), including rooftop solar, battery systems and electric vehicles.

Australians are installing rooftop solar in record numbers. In New South Wales (NSW), on Australia’s east coast, around 1 million households and small businesses (approximately one quarter of all homes in the state) have rooftop solar installed. While these technologies enable Australian consumers to save money and reduce emissions, this rapid adoption increases the risk of minimum system load events (where supply outstrips demand) and the likelihood of power instabilities leading to outages if not managed.

In December, Ausgrid, working with the NSW Government and other NSW DNSPs, commenced delivery of the NSW Emergency Backstop Mechanism, a last resort grid protection against these grid reliability risks. The Emergency Backstop Mechanism requires NSW distributors, such as Ausgrid, to have the ability to temporarily reduce or pause the exporting and/or generation of rooftop solar systems in emergency situations at the direction of AEMO.

In response to this requirement, Ausgrid has chosen to collaborate with Itron and deploy Itron’s IntelliFLEX LV DERMS solution. LV DERMS provides Ausgrid with the technology it needs to meet its obligations safely and efficiently by enabling the real-time monitoring and control of rooftop solar systems in its network area. IntelliFLEX LV DERMS also gives Ausgrid enhanced visibility into its low voltage network, allowing operators to identify constraints, monitor CER performance and respond to changing conditions in real-time.

“Building on more than 15-years of collaboration with Ausgrid, which initially included the deployment of Itron’s IEE Meter Data Management System, this project reinforces our shared commitment to advanced low voltage visibility,” said Don Reeves, Itron’s senior vice president of Outcomes. “By deploying IntelliFLEX LV DERMS, Ausgrid is equipping its network with the technology needed to safely and securely integrate the rapid increase of rooftop solar.”

Itron will showcase its IntelliFLEX LV DERMS and Grid Edge Intelligence solutions at the Energy Networks Australia Conference, booth #43, March 17 to 19, 2026, in Adelaide, Australia. At the event, Itron will demonstrate how its analytics and control capabilities help electricity distributors improve low voltage network visibility, manage the rapid growth of consumer energy resources and maintain grid stability as electrification accelerates.

About Itron

Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com.

Itron^® and the Itron Logo are registered trademarks of Itron Inc. in the United States and other countries and region. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

For additional information, contact:

Itron, Inc.

Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com

Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com

Itron, Inc.

• LinkedIn: www.linkedin.com/company/itroninc
• X: www.x.com/itroninc
• Newsroom: https://itron.com/newsroom
• Blog: https://itron.com/blog

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Itron announce about Ausgrid on March 18, 2026 (ITRI)?

Itron announced it will deploy IntelliFLEX LV DERMS with Ausgrid to manage low-voltage CERs. According to the company, the deployment enables real-time monitoring and control of rooftop solar, batteries and EVs to support grid reliability and regulatory obligations in NSW.

How does Itron's IntelliFLEX LV DERMS help Ausgrid meet NSW Emergency Backstop rules?

IntelliFLEX LV DERMS provides the control capabilities required to temporarily curtail exports when needed. According to the company, the system gives operators real-time visibility and control to pause or reduce rooftop solar exports under Emergency Backstop directions.

What grid challenges is Ausgrid addressing with Itron's solution (ITRI)?

Ausgrid is addressing power instability and minimum system load risks from rapid rooftop solar growth. According to the company, IntelliFLEX LV DERMS improves low-voltage visibility and helps operators identify constraints and respond to changing conditions in real time.

Will Itron demonstrate IntelliFLEX LV DERMS at industry events in March 2026?

Yes, Itron will showcase IntelliFLEX LV DERMS at the Energy Networks Australia Conference, March 17–19, 2026, in Adelaide. According to the company, demonstrations will highlight analytics, control capabilities and low-voltage network visibility for distributors.

What does the Itron–Ausgrid deployment mean for investors in ITRI?

The deployment signals increased commercial traction for Itron’s grid-edge solutions in Australia. According to the company, this expanded collaboration reinforces long-term customer relationships and growth opportunities in distributed energy resource management markets.