Itron, Inc. (NASDAQ:ITRI) announced today that the Los Angeles
Department of Water and Power (LADWP), the nation’s largest municipal
utility, has awarded the advanced time-of-use and net time-of-use
electric metering contract to Itron. LADWP will utilize Itron’s cellular
solution to supply advanced time-of-use and net time-of-use residential,
commercial and industrial electric metering to LADWP’s customers. The
solution will help LADWP improve customer service, expand green energy
initiatives and help the municipal utility meet increasing demands from
applications for solar net metered residential, commercial and
industrial customers in the City of Los Angeles.
LADWP will use Itron’s cellular solution to support its Feed-in Tariff
(FiT) program, the largest FiT program of any municipal utility in the
nation. Through the FiT program, LADWP purchases energy from eligible
renewable projects from 30 kilowatts up to 3 megawatts in capacity
within its service territory. The utility will also deploy this metering
solution for customers participating in time-of-use rates, including,
but not limited to, customers with electric vehicle charging stations,
to help forecast and balance load. The data from these advanced meters
will also be used for energy conservation, engineering analysis and load
forecasting to increase operational efficiency.
The cellular advanced metering solution will also be used by LADWP for
its customers located in areas with high outage sensitivity and critical
need for real-time power quality monitoring and communication. The
solution, including approximately 40,000 additional cellular advanced
meters and data collection software, will be installed over three years.
“We are pleased that LADWP is expanding its commitment to a more
advanced grid,” said Mark de Vere White, president of Itron’s
electricity business line. “Itron’s cellular solution is a perfect
complement to the IPv6 network component of our OpenWay® smart grid
platform currently being piloted by LADWP. With cellular communications,
LADWP can easily deploy smart metering technology to select customers
across diverse territories using an available public network.”
About Itron
Itron is a world-leading technology and services company dedicated to
the resourceful use of energy and water. We provide comprehensive
solutions that measure, manage and analyze energy and water. Our 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. With thousands of
employees supporting nearly 8,000 customers in more than 100 countries,
Itron applies knowledge and technology to better manage energy and water
resources. Together, we can create a more resourceful world. Join us: www.itron.com.
Copyright Business Wire 2014