|[September 10, 2012]
Itron Enters into Solar Market with Extended Product Portfolio
LIBERTY LAKE, Wash. --(Business Wire)--
Itron, Inc. (NASDAQ:ITRI) announced today it has expanded its
capabilities with a dedicated meter for the solar market. The
revenue-grade solar meter, which utilizes an Itron cellular
communication module, is ideal for monitoring the energy production of
residential and commercial solar photovoltaic (PV) systems.
The availability of third-party-owned residential solar systems has
driven rapid growth in the solar market. Itron's solar offering takes
advantage of this growth by enabling third-party solar providers to
collect, store and upload a solar system's production data over an
existing cellular network link.
"Leveraging our existing technology and expertise, Itron is
well-positioned for growth in the solar market. Solar and the
integration of renewable energy into the grid have long been a part of
our smart grid vision," said Russ Vanos, vice president of global smart
grid and business development at Itron.
With developments in renewable energy increasing, so des the need to
effectively monitor and manage the integration of these energy resources
into the electrical grid. Itron's solar offering gives solar providers
an accurate, reliable way to measure and manage solar production data
with a secure, low-cost communication network for data collection.
"Cellular is a natural fit for the solar market," said Campbell McCool,
marketing communications for Itron Cellular Solutions. "Cellular
communications leverage existing infrastructure, making solar meters
easy and affordable to connect, and can easily and cost-effectively
scale as more solar resources are added in various locations. In
addition, increasingly low rates make cellular an appealing option for
The current offering includes Itron cellular communications and
associated Itron software. Itron also offers a hosted server option so
that solar providers don't have to worry about adding another system to
manage and operate with in-house staff. With Itron Managed Services,
production data is collected and provided via web services or XML files
to the solar providers' in-house systems or web-portal systems.
Itron is a global technology company. We build solutions that help
utilities measure, monitor and manage energy and water. Our broad
product portfolio includes electricity, gas, water and thermal energy
measurement and control technology; communications systems; software;
and professional services. With thousands of employees supporting nearly
8,000 utilities in more than 100 countries, Itron empowers utilities to
responsibly and efficiently manage energy and water resources. Join us
in creating a more resourceful world; start here: www.itron.com.
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