Itron and Schneider Electric Join Forces to Modernize and Simplify Energy Distribution, Address Energy Transition

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.”