In order to provide complete solar monitoring service, Itron, Inc. ITRI has launched Itron Total Solar. The technology will enable the company to skillfully operate and manage its solar offering while simplifying deployment of monitoring and communications technology.
With the growing world population, high living standards and further economic development, energy consumption is bound to rise. However, immense consumption of fossil fuels to cater to energy demands has become a global concern. Hence, the adoption of photovoltaic (PV) solar installations has skyrocketed.
The solar service provides a perfect, reliable way to measure and monitor solar production, which is often distributed across a wide geographic area. Itron’s Total Solar combines production measurement, asset monitoring, sensing applications and forecasting managed services for solar PV generation.
Itron Total Solar, a part of Itron Total Services, includes a revenue-grade OpenWay CENTRON solar meter that collects, stores and uploads solar PV production data via a fast, reliable and secure 4G LTE cellular network which will be released to subscribers through cloud-based infrastructure and easy-to-use interface. The technology is designed for quick installation in new or installed solar assets with streamlined activation.
At present, Itron monitors nearly 100,000 solar installations across the U.S., representing over 500 megawatts of clean energy capacity. With Itron Total Solar, the company’s clients will get greater flexibility and convenience to better serve their customers in this rapidly growing market. The technology will provide subscription-based pricing structure and will also reduce the cost of ownership for utilities and third-party solar providers.
Itron offers end-to-end smart metering solutions to electric, natural gas, and water utilities around the world. The solution will help the company in addressing the needs of distributed energy resource (DER) programs such as residential PV, combined heat and power and distributed storage, enabling the energy transformation of smart cities.
Itron has an extensive portfolio that can grow organically and through value added acquisitions and product introduction to offer more innovation to customers. In 2014, the company launched the OpenWay Riva platform with adapted communication technology. The company also released new software analytics and unveiled the Itron Total Managed Services.
In Jan 2015, Itron announced a new 4G LTE smart metering solution, the latest technology in Itron’s cellular portfolio. Itron’s latest addition in the new static flow meter for thermal energy commercial and industrial (C&I) applications will help utilities better manage their systems and protect revenue.
Itron currently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the electrical test equipment sector include Ametek Inc. AME, Cognex Corporation CGNX and Teradyne Inc. TER. All these stocks carry a Zacks Rank #2 (Buy).
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