- Strategic collaboration digitalizes supply and demand
management to maximize grid flexibility, capacity, and
efficiency
Itron, Inc. (NASDAQ: ITRI), which is innovating the way
utilities and cities manage energy and water, and Schneider
Electric, the leader in the digital transformation of energy
management and automation, are collaborating to improve energy and
grid management for utilities as homeowners and businesses
increasingly adopt distributed energy resources (DER)—like rooftop
solar, battery energy storage, electric vehicles and microgrids—at
the grid edge. In a stepwise approach, the companies will integrate
their intelligent grid and distributed energy resource (DER)
management solutions to digitalize the demand and supply of
electricity.
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Electricity demand is rapidly increasing due to the
electrification of transportation, heating, and more. By 2050, the
U.S. grid's capacity will have nearly doubled compared to 2022,
according to the U.S. Energy Information Administration, and in
Canada, grid capacity is projected to reach 226 GW by 2050.
With more DER comes more data generated at the grid’s edge, and
an unprecedented opportunity to harness, aggregate and analyze that
data to produce actionable insights. Utilities can leverage this
awareness to optimize grid planning and operations by integrating
Itron’s Grid Edge Intelligence solutions and Schneider’s Digital
Grid solutions to increase grid capacity while deferring
infrastructure investments. Itron and Schneider are working on
dozens of integrated use cases that will deliver value across asset
management, grid planning and operations, and DER management, and
will work with utilities to integrate their solutions.
“We began collaborating with Schneider Electric to simplify grid
management and enable a new generation of applications for
utilities that recognize the dramatic changes and escalating demand
that await all of us,” said Don Reeves, senior vice president of
Outcomes at Itron. “This collaboration will help us realize Itron’s
vision for the grid edge—one where meters, transformers and feeders
negotiate amongst themselves to achieve localized distribution
outcomes, dynamically adapting and configuring sections of the
distribution grid while enabling consumers to participate and
benefit from these transactions.”
“At Schneider Electric, we’re committed to delivering solutions
for utilities that connect everything from grid to prosumer, and
this collaboration with Itron is the latest expression of that
commitment,” said Ruben Llanes, NAM Power & Grid Segment
President for Schneider Electric. “Utilities today need an
interoperable, fully connected foundation for intelligent grid
operations, and it is inspiring to pursue this future with
Itron—one of the most innovative forces in the industry.”
Modern utilities already benefit from Itron’s industrial IoT
(IIoT) network solution that collects usage and status data from
the point of service. By bringing together distributed and
centralized intelligence, grid operators gain greater situational
awareness and real-time insights, including key measurements,
notifications, and events like downed wires. With this
collaboration, utilities can extend energy orchestration to
behind-the-meter assets, enabling proactive management of grid
constraints when and where needed. Itron’s Grid Edge Intelligence
solutions integrate grid analytics and edge DERMS to enhance
visibility, such as high resolution, real-time transformer level
insights and control with Schneider’s Digital Grid solutions.
EcoStruxure ADMS allows grid operators to leverage enhanced outage
management capabilities to efficiently detect and respond to
faults, mitigating risks from climate impacts, like wildfires. And
with Grid to Prosumer DERMS, utilities can maximize value from DER
with an end-to-end approach to grid optimization, flexibility
management, and prosumer engagement that support today’s energy
transition.
Sophisticated grid edge intelligence solutions also support
behind-the-meter intelligence—essential as more homes and
commercial properties are equipped with DER like solar and electric
vehicles. Bloomberg NEF projects 167 million homes and 23 million
businesses to be solar users by 2050. These intelligent assets can
then be leveraged in demand response programs that reward owners
for easing their usage during times of peak demand. With solutions
like Schneider Home and Itron’s Distributed Intelligence-enabled
Optimizer solutions, prosumers can gain control of their
electricity supply as they produce and consume energy, while
utilities can optimize the grid to meet evolving needs.
Demonstrations at DISTRIBUTECH 2024, Booths #2633, #2200,
#4343
Itron and Schneider Electric will be holding a News Conference
at DISTRIBUTECH 2024 on February 27th in Orlando, Florida, where
they will also hold demonstrations of their integrated grid edge
intelligence, distributed intelligence, GIS, DERMS and ADMS
solutions. Those demonstrations, along with additional customer
activities throughout the year, will help accelerate grid
modernization across multiple regions while validating key use
cases for grid intelligence that other utilities can learn
from.
About Itron
Itron is a proven global leader in energy, water, smart city,
IIoT and intelligent infrastructure services. For utilities, cities
and society, we build innovative systems, create new efficiencies,
connect communities, encourage conservation and increase
resourcefulness. By safeguarding our invaluable natural resources
today and tomorrow, we improve the quality of life for people
around the world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. 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.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our
energy and resources, bridging progress and sustainability for
all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability
and Efficiency.
We drive digital transformation by integrating world-leading
process and energy technologies, end-point to cloud connecting
products, controls, software and services, across the entire
lifecycle, enabling integrated company management, for homes,
buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are
advocates of open standards and partnership ecosystems that are
passionate about our shared Meaningful Purpose, Inclusive and
Empowered values. www.se.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240221420542/en/
Itron, Inc. Alison Mallahan Senior Manager, Corporate
Communications 509-891-3802 PR@Itron.com
Schneider Electric Vicki True Senior Manager, Global
Public Relations 774-613-1158 vicki.true@se.com
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