Itron Inc. Strengths, Domain Expertise, and Key Differentiators
Itron maintains a big presence in the smart grid infrastructure market for the global utility industry. Its broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. Comprised of three main service models—Managed Services, Onsite Managed Services, and Software as a Service (SaaS)—Itron Cloud Services frees customers' to focus on core business operations.
Itron's new OpenWay Riva communications platform, which delivers true interoperability and distributed intelligence over the Cisco network. The platform drives new applications and decision-making to the edge to take action in near real-time, enabling the active grid for utilities and smart cities.
Itron Total Outcomes solves utilities’ and cities’ business challenges by delivering real value-added analytic outcomes. The cloud-based offerings have been enhanced with new features and functionality that help utilities make the most of their smart grid and smart metering data.
Itron Riva Developers Community is inviting developers to create applications for its Itron Riva platform. Itron Riva, it's a distributed intelligence platform that supports sensing technologies and dynamic applications at the device level. With the developer's community, Itron is accelerating app software development for the Itron Riva platform, further enabling an ecosystem of the Internet of Things (IoT) applications.
Itron Inc. Recent Developments
In November 2021, Itron launched Itron Smart Pay for utilities and cities in North America. Building on Itron’s global leadership in prepayment solutions, with 20 million prepay endpoints in over 20 countries, Itron Smart Pay is Itron’s first Software as a Service (SaaS) delivery program model in North America. The solution is designed for utilities to empower their customers to manage and pay for their energy consumption by providing flexible billing and payment solutions.
In March 2020 Itron launched its Cyble 5 communications module for utilities and cities in Europe, the Middle East, and Africa (EMEA). Building on Itron’s proven Cyble technology, with nearly 10 million devices in the field, this next generation of Cyble modules enables utilities to take advantage of extended connectivity options to further advance data collection and billing efficiency.
The Cyble 5 communications module, which transforms gas and water mechanical meters into connected data points, enables utilities to take advantage of drive-by Automated Meter Reading (AMR) and IoT data collection (LoRaWan/Sigfox). This new generation features out-of-the-box extended communication alternatives to help accelerate data collection, notably through fast drive-by capabilities, while also offering fixed network connectivity to LoRaWAN and Sigfox networks. Designed with customer feedback, Cyble 5 includes richer data sets helping meet their operational requirements, better understand resources use and improve customer relationships.
In the BYOT model, customers who have purchased a Wi-Fi smart thermostat are recruited to participate in demand response programs. This is in contrast to the direct install model for demand response, where a utility-owned device would be installed in the customer home.
In July 2019, Itron launched Itron Eyva, an integrated portfolio of results-driven offerings to achieve a broad set of desirable outcomes for electricity, gas and water utilities, and smart cities. Itron Eyva provides actionable insights into three major focus areas, leveraging the power of untapped and siloed data for utility and city customers: Information management, Operations management, and Consumer energy management.
In June 2018, Itron launched its Hands-free BYOT solution to enable public power utilities to implement Bring-Your-Own-Thermostat (BYOT) demand response programs at a lower cost and with minimal impact on operations.
Itron Inc. Mergers and Acquisitions (M&A) Activities
In November 2021, Dresser Utility Solutions, a solutions provider for utility companies, and Itron reached an agreement for the sale of Itron’s global gas regulator business and European commercial & industrial (C&I) gas metering business to Dresser Utility Solutions. The transaction is subject to customary closing conditions, including completion of European and country due processes with employee representative bodies, and is expected to close in the first half of 2022.
In January 2018, Itron acquired Silver Spring Networks, the provider of Internet of Important Things, connectivity platforms, and solutions to utilities and cities. The acquisition continued Itron's focus on expanding management services and software-as-a-service solutions, which allow them to provide more value to their customers by optimizing devices, network technologies, outcomes, and analytics. This entity will operate and manage as a separate operating segment.
In June 2017, Itron acquired Comverge by purchasing the stock of its parent, Peak Holding Corp. Comverge is an industry-leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions that allow electric utilities to improve grid reliability, lower energy costs, meet regulatory demands, and enhance the customer experience.
Itron Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Itron Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Itron Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Itron Analytics, customers.
Itron Inc. Overview
Ownership: - NASDAQ: ITRI
Number of Employees: 6153
Itron Inc. Key Enterprise and Cloud Applications
Itron Inc. Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Itron Inc. Revenue Breakdown By Type, $M:
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Itron Inc. Enterprise Applications Revenues By Functional Markets, $M:
Itron Inc. Enterprise Applications Revenues By Verticals, $M:
Itron Inc. Revenues By Region, $M
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Itron Inc. Direct vs Indirect sales
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Itron Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Itron Inc. Customers: 8000
No. of Itron Inc. Enterprise Applications Customers: x
No. of Itron Inc. Cloud Customers: x
No. of Itron Inc. Cloud Subscribers: x
In June 2021, Itron successful deployed a grid-interactive water heater program for Fort Collins Utilities (Utilities), which provides electricity, water, wastewater and stormwater services to more than 75,000 customers in the City of Fort Collins, Colorado. The program, managed by Itron, enables new distributed energy resource technologies to connect electric resistive and heat-pump water heaters to operate during periods when excess renewable energy is available or to pre-heat water tanks, supporting Utilities’ energy savings goals.
In March 2021, Itron signed a contract to deploy Temetra, Itron’s intelligent cloud-based mobile meter management solution, for Dŵr Cymru Welsh Water to improve water data management and automate meter reading. With Itron’s solution, the utility will be equipped to efficiently read its 750,000 meters across the country of Wales in the United Kingdom.
In January 2021, Versant Power, an electric transmission and distribution utility serving nearly 160,000 customers in northern and eastern Maine will deploy Itron’s multi-purpose solution, including an IoT network and more than 160,000 distributed intelligence-enabled meters, to modernize its electricity grid. Versant Power plans to initiate some project activities in 2021 and meter installations are scheduled to begin in 2022.
Itron has more than 8000 customers, 1400 of them are trusting Itron's managing services in over 100 countries.
Itron Inc. Market Opportunities, M&A and Geo Expansions
In June 2021, a market leader in LoRaWAN-based software solutions in Germany, announced a collaboration to integrate Itron’s Cyble 5 communications module into digimondo’s IoT software, giving utilities in the region a flexible, independent way to connect, monitor and manage their water distribution network via LoRaWAN®.
In May 2021, Itron starts collaboration with Microsoft to provide highly scalable cloud-based meter data management (MDM) services to customers. As part of this, the companies completed another round of rigorous performance and scalability testing of its Itron Enterprise Edition™ Meter Data Management (IEE MDM) product. This marks the industry's only meter data management solution to perform large-scale benchmarks in Microsoft Azure.
In March 2021, Itron launched its eHZ-B residential smart meter for utilities and cities in Germany. The latest addition to Itron’s proven 3.HZ FNN-compliant portfolio, the eHZ-B smart meter is built with advanced functionality to support Germany’s ongoing energy transition to a low carbon, environmentally sound, reliable and affordable energy supply, and equip utilities and cities to safely migrate to a smart and connected distribution network.
In January 2020 Itron has expanded its collaboration with Equinix, a global interconnection and data centre company, and opened a multi-million-dollar data centre in Europe. The data centre will host Itron’s multi-commodity Software-as-a-Service (SaaS) platform for utilities and cities in Europe, the Middle East, and Africa (EMEA). This investment marks another significant step in Itron’s continued commitment to enable services and deliver value-based outcomes that solve key challenges for utility and smart city customers around the globe.
Delivering value to utilities and cities, this investment will provide foundational solutions such as manual, mobile and automatic meter reading, meter data management, water operations, consumer engagement, and streetlight control. Additionally, the data centre will host applications that enable cities and utilities to take advantage of Itron’s advanced smart city outcomes like traffic management, gas safety, and air quality sensing.
Itron selected Microsoft Azure as a preferred cloud platform for Itron Analytics. The cloud computing and infrastructure platform will provide a secure, reliable, and cost-effective option for hosting Itron Analytics, Itron’s analytic application that harnesses the value of the data generated by utility smart grid and smart distribution investments.
Itron Inc. Risks and Challenges
In 2021, revenues were $2.2 billion compared with $2.5 billion last year, a decrease of $329.1 million, or 13%.
As utilities are struggling with the rise of energy alternatives, their pressures to reduce costs will increase and Itron could either profit from such disruptive forces or squeeze in the middle.
Itron Inc. Ecosystem, Partners, Resellers and SI
In July 2021, Grid4C’s Grid Edge AI application become a part of Itron’s expanding ecosystem of distributed intelligence (DI) applications. Grid4C has successfully installed its Grid Edge AI app in Itron’s Raleigh DI Lab and it will be available via the Itron Enterprise Application Center later this year. Grid4C’s app will deliver predictive insights to utilities to better balance supply and demand, offer new products and services, optimize distributed energy resources (DER) and increase customer engagement. Itron’s DI platform enables new use cases based on aggregated computing and distributed decision-making at the grid edge with high data fidelity.
In June 2021, Itron signed a contract with United Utilities to deploy Temetra, Itron’s next-generation cloud-based meter management solution, to optimize operations. With Temetra, the utility will be equipped to read 1.6 million meters to improve water delivery and management across its services in northwest England.
In March 2021, Itron extended the Itron Engage Sales Channel Partner Program to Europe, Middle East and Africa (EMEA). With this program, new and existing partners will have access to enhanced tools, training and support for Itron’s solutions, which will equip them to extend the reach of Itron’s technology to the markets they serve around the globe.
In June 2020 Itron unveiled the Itron Engage Sales Channel Partner Program. With this program, new and existing partners will have access to tools, training, and support for Itron’s solutions, which will equip them to extend the reach of Itron’s technology to the markets they serve around the globe. The program is available now for partners in North America and will roll out to Latin America (LAM), Europe, the Middle East, and Africa (EMEA) and the Asia Pacific (APAC) over the next 12 months.
Itron uses a combination of direct and indirect sales channels in its operating segments. A direct sales force is utilized for large electric, natural gas, and water utilities, with which they have long-established relationships. Itron for smaller utilities typically uses an indirect sales force that consists of distributors, sales representatives, partners, and meter manufacturer representatives.
In January 2017, Itron partnered with Wasion Group, a leading energy measurement instrument, system, and service supplier in China, to expand Itron's OpenWay Riva ecosystem. The companies developed and delivered OpenWay Riva-enabled Wasion electricity meters to expand customer choice and capabilities in markets throughout the world.
Itron has expanded the partner ecosystem for Itron’s OpenWay Riva solution, smart-grid-by-design technology featuring adaptive communications technology and distributed computing power that supports new smart grid applications.
The expanded ecosystem, which will initially focus on the Austrian market, includes Kapsch BusinessCom and Kapsch Smart Energy, Itron’s integration partner in Austria, and technology and solution suppliers Schrack Technik Energie in cooperation with EMH Metering, Kamstrup and Wasion Group Ltd.
Itron Inc. Cloud Infrastructure Insights
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