Welcome to our dedicated page for Itron news (Ticker: ITRI), a resource for investors and traders seeking the latest updates and insights on Itron stock.
Itron Inc. develops intelligent infrastructure for utilities and cities that measure, manage and analyze energy, water and city services. Company news commonly covers grid edge intelligence, advanced metering infrastructure, communicating endpoints, network infrastructure, headend software and analytics used across electric, gas and water deployments.
Recurring updates include quarterly results, segment activity in Device Solutions, Networked Solutions, Resiliency Solutions and Outcomes, and customer deployments such as distributed energy resource management for low-voltage networks. Itron also reports product expansions for UtilityIQ, cellular gas and water modules, AI-enabled distributed intelligence, education and sustainability programs, and capital-structure actions such as convertible senior notes.
Itron (NASDAQ: ITRI) has announced a collaboration with the City of Helsingborg, Sweden, to implement smart city solutions through its CityEdge portfolio. The initial phase involves deploying 670 Itron Networked Lighting Controllers (NLCs) as part of the city's 30,000 streetlight network modernization plan.
The project, set to begin in early 2025, aligns with Helsingborg's Action Plan for Street Lighting and IoT 2021-2027. The CityEdge central management software will enable remote control and monitoring of streetlights, featuring intelligent dimming capabilities based on time and traffic volume. The system includes outage alerts for maintenance crews, accessible via web and mobile platforms.
This implementation supports Nordic Innovation's vision of making the Nordic region the world's most sustainable integrated region by 2030. The CityEdge platform's open ecosystem can accommodate various smart city applications beyond lighting, including traffic management, public safety, and environmental monitoring.
Itron (NASDAQ: ITRI) and Schneider Electric have expanded their collaboration with Microsoft to deliver a comprehensive Grid Edge Intelligence solution, addressing utility grid visibility and control challenges. The partnership integrates Itron's distributed intelligence technology with Schneider's Digital Grid solutions and Microsoft's AI platform.
The collaboration aims to improve grid reliability through high-bandwidth, real-time data integration, enabling utilities to enhance grid capacity by up to 20% while maintaining asset loading limits. This non-wires solution addresses infrastructure constraints during a period where transformer lead times extend to 1-2 years.
Key features include transformer-to-meter mapping, state estimation improvements, enhanced Volt-VAR optimization, and local DER group management. The solution enables utilities to modernize their models with near real-time measurements and better understand distribution grid bottlenecks.
The solution will be available in North America by the end of 2025.
Itron (NASDAQ: ITRI) has announced a collaboration with Tesla and Xcel Energy to deploy an advanced virtual power plant (VPP) in Colorado. The initiative integrates Itron's IntelliFLEX Aggregator DERMS solution with Tesla's Powerwall home batteries to enhance distributed energy resource (DER) management.
The collaboration expands Xcel Energy's Renewable Battery Connect program, which manages customers' batteries during peak energy demand periods to stabilize the electric grid. Itron's IntelliFLEX solution, currently managing 3 million DER devices across 30 U.S. utilities, will directly integrate with Tesla's battery storage platform to provide real-time grid benefits using stored solar power.
Colorado, with over 300 sunny days annually, presents an ideal environment for this first-of-its-kind model combining aggregator DERMS solutions and battery storage. The program enables residential participants' home batteries to dispatch stored power to the grid during high-demand periods, supporting Xcel Energy's electrification goals while maintaining grid reliability.
Itron (NASDAQ: ITRI) announces collaboration with Microsoft to integrate generative AI Copilot technology into its Intelligent Edge Operating System (IEOS). The enhanced platform, available globally in Q2 2025, will enable utilities to access data through natural language queries, streamlining operations across electricity, gas, and water distribution systems.
The AI-powered platform, built on Microsoft Azure OpenAI Service, will initially be implemented in Itron's IEE Meter Data Management System and Operations Optimizer. Key benefits include improved customer consumption analysis, validation rule insights, accelerated innovation, and comprehensive data access across departments.
The solution addresses a significant industry challenge, as 43% of utilities cite lack of expertise as the main hurdle to AI implementation. The platform requires no technical coding skills, making advanced analytics accessible to utility operators without data science expertise.
Itron (NASDAQ: ITRI) has announced a strategic collaboration with NVIDIA to accelerate AI-powered solutions at the grid edge for utilities and communities. The partnership integrates Itron's Grid Edge Intelligence portfolio with NVIDIA's Jetson Orin Nano and NVIDIA AI Enterprise platforms.
With over 13 million distributed intelligence-enabled endpoints globally, Itron will leverage NVIDIA's edge computing capabilities to enhance grid resilience, disaster management, consumer engagement, and operational efficiency. The collaboration aims to optimize utility operations through AI-driven solutions focusing on:
- Grid Optimization for efficient energy distribution
- Energy Demand Forecasting using customer and weather data
- Real-Time Data Processing for immediate operational insights
The partnership will enhance Itron's existing solutions, including meter data management, forecasting, advanced metering infrastructure analytics, grid planning, grid operations, and demand management software. The companies will work with ecosystem partners to accelerate delivery to customers.
Itron (NASDAQ: ITRI) and CHINT Global have launched the first residential electric smart meter based on the DLMS User Association's AC Electricity Smart Meter (ACESM) Generic Companion Profile (GCP) standard. This groundbreaking collaboration advances interoperability in the global utility market.
The GCP-compliant meter features an Itron Gen5 network interface card (NIC) embedded in a CHINT electric meter. The solution underwent extensive testing and validation to ensure reliability. The new standard eliminates the need for custom-built interfaces, reducing integration and deployment costs for utilities.
Itron's Meter Integration Services have been field-proven with over 40 million smart meters deployed by more than 10 vendors across 50 different meter types. The GCP-compliant meter is now available globally, offering utilities a standardized framework for Advanced Metering Infrastructure deployments.
Itron (NASDAQ: ITRI) has launched IntelliFLEX, a groundbreaking grid-edge DERMS solution designed to enhance the integration of distributed energy resources (DERs) and improve grid flexibility. The solution enables real-time visibility, control, and optimization of behind-the-meter DERs, potentially unlocking up to 20% more capacity in the distribution grid.
IntelliFLEX offers key capabilities including DER aggregation, AI-driven forecasting, and load balancing across various technologies. The solution can be deployed with Itron's AMI networks, third-party networks, or as a standalone system. It supports utilities in grid modernization by enabling grid planning, operations integration, and real-time DER coordination for assets like EVs, batteries, and solar.
Available globally, IntelliFLEX helps utilities meet regulatory standards while reducing operating expenses and improving customer savings. The solution leverages AI-powered optimization and seamlessly integrates with existing utility systems for enhanced DER management and load balancing strategies.
Itron (NASDAQ: ITRI) and National Rural Telecommunications Cooperative (NRTC) are collaborating with Arkansas Valley Electric Cooperative (AVECC) to enhance grid resiliency across the Arkansas River Valley. The project, funded through the U.S. Department of Energy's GRIP Program, involves deploying Itron's Gen5 Riva® smart meters integrated with fiber-enabled communications technology.
AVECC, serving nearly 63,000 members across 6,000+ miles of distribution lines, is building upon its 2018 Advanced Smart Grid Project by enhancing its GPON fiber infrastructure with Itron's Fiber MiniAP devices. This upgrade will provide improved grid operational data visibility, edge analytics, and enhanced member services.
The implementation enables cost-effective IIoT network coverage in rural, low meter-per-mile areas, supporting advanced metering infrastructure and grid management applications while improving resilience against extreme weather and aging infrastructure challenges.
Itron (NASDAQ:ITRI) has reported strong fourth quarter and full year 2024 financial results, showcasing significant growth across key metrics. Q4 revenue increased 6% to $613 million, while full-year revenue grew 12% to $2.4 billion.
The company achieved record-breaking performance in several areas, including Outcomes segment revenue, quarterly bookings, and a total backlog of $4.7 billion. GAAP net income for Q4 was $58 million ($1.26 per diluted share), up $14 million from 2023, while full-year net income reached $239 million ($5.18 per diluted share).
For Q1 2025, Itron projects revenue between $610-620 million with non-GAAP EPS of $1.25-$1.35. Full-year 2025 outlook forecasts revenue of $2.4-2.5 billion and non-GAAP EPS of $5.20-5.60, assuming stable market conditions.
Itron (NASDAQ: ITRI) announces collaboration with Publiacqua, Tuscany's water provider serving 1.3 million residents, to modernize its water distribution system. The utility will replace mechanical meters with Itron's Intelis wSource smart water meters to reduce non-revenue water and enhance customer experience.
The new meters feature advanced leak detection technology and provide benefits including remote data collection, precise billing accuracy with hourly consumption logging, flow distribution monitoring, and customer alerts for anomalies like broken pipes, leaks, tampering, or freeze risks.
The deployment is part of a PNRR M2C4-14.2 funded project to digitize the distribution network. Itron's Intelis wSource is the only water meter MID-certified for R1000 accuracy, specifically designed to enhance network visibility, reduce water loss, and ensure precise customer billing.