The two firms have agreed to develop industry-leading smart technologies for the energy industry. The solution will enable consumers to access insights regarding their energy use in near real-time for grid reliability and improve outage response mechanisms and time.
The smart meters to be installed over the next five years on Xcel Energy’s grid will be integrated with innovative customer apps to improve their energy efficiency in a bid to reduce energy usage and bills.
Xcel Energy and Itron are confident their collaboration will accelerate the integration of clean energy sources with the main grid, a development which will help reduce carbon emissions and ensure the provision of affordable energy to consumers.
Smart meters are a hot topic disrupting the energy industry and will be exhibited and discussed at this year's Itron Utility Week. To register and attend the event, click here
The solution will be able to monitor consumer energy usage on an appliance level for the development of capabilities such as sub-metering for electric vehicle charging systems, flexible billing and prepaid electricity plans.
“This collaboration is exciting because we’re not just developing the next generation of smart meters,” said Brett Carter, Xcel Energy’s chief customer and innovation officer, and executive vice president. “Combining forces with Itron allows us to work together on new applications to benefit our customers and build the electrical grid of the future.”
Paul Nelsen, senior director of smart grids at Itron, explains how AMI is transitioning from merely meter reading to integrated multi-service networks to combine metering services, distribution automation and IoT.
“Itron’s proven solution connects millions of devices to deliver real-time solutions to today’s challenges,” adds Sharelynn Moore, senior vice president of Networked Solutions at Itron. “We are thrilled to collaborate with Xcel Energy to improve customer experience by harnessing the connectivity and intelligence of the Industrial IoT to deliver smarter solutions.”