{{short description|American technology company}} {{About||the software project|ITRON project}} {{Multiple issues| {{more citations needed|date=April 2011}} {{promotional|date=September 2015}} }} {{Infobox company
| | name = Itron, Inc. | logo = Itron_logo.svg | type = [[Public company|Public]] | traded_as = {{NASDAQ|ITRI}}<br />[[List of S&P 600 companies|S&P 600 Component]] | founded = {{start date and age|1977}} | hq_location_city = [[Liberty Lake, Washington]] | hq_location_country = <br /> United States | key_people = Tom Deitrich ([[President (corporate title)|president]] & [[Chief executive officer|CEO]]) | industry = Technology | products = Smart Meters and Modules<br /> Smart Grid <br /> Data Collection<br /> Analysis Software<br /> Data Management<br /> Water Communication Modules<br /> Internet of Things (IoT)<ref name="Geek Wire">{{cite web |last1=Soper |first1=Taylor |title=Tech Moves: Ex-Microsoft COO Kevin Turner leaves Core Scientific; Magic AI founder joins ThruWave |url=https://www.geekwire.com/2021/tech-moves-ex-microsoft-coo-kevin-turner-leaves-core-scientific-magic-ai-founder-joins-thruwave/ |website=[[GeekWire]] |date=June 4, 2021}}</ref><br /> Smart Cities<br /> Demand Response<ref name="Bloomberg News">{{cite web |last1=Malik |first1=Naureen S. |title=Texas Plans to Become the Bitcoin Capital, Vulnerable Power Grid and All |url=https://www.bloomberg.com/news/articles/2021-11-19/texas-plans-to-become-the-u-s-bitcoin-capital-can-its-grid-ercot-handle-it |website=[[Bloomberg News]] |date=November 19, 2021}}</ref><br /> Professional Services<br /> Sensing + Control<br /> Solar Monitoring<br /> Natural Gas Detectors<ref name="Fortnightly">{{cite web |last1=Mitnick |first1=Steve |title=Fortnightly Top Innovators 2019 |url=https://www.fortnightly.com/fortnightly/2019/11-0/fortnightly-top-innovators-2019 |website=Fortnightly |date=November 11, 2019}}</ref><br /> Distributed Energy Resources<br /> Smart Streetlights<ref name="Business Insider">{{cite web |last1=Sweeney |first1=Erica |title=Inside San Antonio's Office of Innovation, which plans to bridge the digital divide with smart technology and infrastructure |url=https://www.businessinsider.com/san-antonio-texas-office-innovation-smart-tech-infrastructure-divide-2021-5 |website=[[Business Insider]] |date=May 5, 2021}}</ref> | revenue = {{profit}} [[United States dollar|$]]2 billion (2021)<ref>{{cite web |last1=Levine |first1=Scott |title=Why Shares of Itron Are Plummeting Today |url=https://www.fool.com/investing/2022/02/28/why-shares-of-itron-are-plummeting-today/ |website=[[The Motley Fool]] |date=December 31, 2021}}</ref> | num_employees = 5,635<ref>{{cite web |title=Form 10-k Annual filing |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/780571/000078057122000004/itri-20211231.htm |website=[[U.S. Securities and Exchange Commission]] |date=December 31, 2021}}</ref> | website = | num_locations = }} '''Itron, Inc.''' is an American [[technology company]] that offers products and services for energy and water resource management.<ref name="Geek Wire"/> It is headquartered in [[Liberty Lake, Washington]], United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, [[gas]], [[water]] and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services. [[File:Itron OpenWay Electricity Meter with Two-Way Communications.JPG|thumb|Itron OpenWay electricity [[smart meter]] with two-way communications for remote reading in use by [[DTE Energy]]]]
== History == Itron, a spinoff of Spokane-based [[Avista|Avista Corp]]., formerly [[Washington, D.C.|Washington]] Water Power Co., was founded in 1977 in [[Hauser, Idaho|Hauser Lake, Idaho]] when a small group of engineers wanted to build a more efficient way to read utility meters.<ref name="Spokane Journal">{{cite web |last1=McLean |first1=Mike |date=July 22, 2019 |title=Itron tabs new CEO from within |url=https://www.spokanejournal.com/local-news/itron-tabs-new-ceo-from-within/ |website=[[Spokane Journal of Business]]}}</ref><ref>{{Cite web|url=https://greaterspokane.org/blog/2018/03/investor-highlight-itron-inc/|title=Investor highlight: Itron Inc. | Greater Spokane Incorporated|date=24 March 2018 }}</ref> In 1984, Itron experienced global expansion into the [[Asian Americans|Asian]] market and developed new manufacturing plants in [[France]] and the [[U.K.]] By 2006, Itron [[consulting]] teams were created to offer services for [[Efficient energy use|energy efficiency]] programs, renewables, conservation and [[demand response]]. In 2010, Itron was recognized for its commitment to [[United States|U.S]].-based manufacturing when [[Barack Obama|President Obama]] announced the award of $2.3 billion in Recovery Act [[Advanced Energy]] Manufacturing Tax Credits for clean energy manufacturing projects across the United States.<ref>{{cite web |title=President Obama Awards $2.3 Billion for New Clean-Tech Manufacturing Jobs |url=https://www.energy.gov/articles/president-obama-awards-23-billion-new-clean-tech-manufacturing-jobs |website=[[United States Department of Energy]] |date=January 8, 2010}}</ref>
Within the same year, Itron and [[Cisco]] formed an alliance to deliver [[Internet Protocol]] (IP) communications to the [[smart grid]] market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of [[Microsoft|Microsoft CityNext]] helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology (ACT), Itron launched the Itron Riva Developers Community for the [[Internet of Things]], for developers interested in developing software applications for the IoT space.<ref>{{cite web|url=https://www.itronriva.com/|title=Internet of Things|publisher=itron.com|date=|accessdate=2015-09-17|archive-date=2015-09-19|archive-url=https://web.archive.org/web/20150919182741/https://www.itronriva.com/|url-status=dead}}</ref>
Itron completed its acquisition of Silver Spring Networks in January 2018; both are American providers of smart meters, grid networks, and software and services.<ref name="Greentech Media">{{cite web |last1=St. John |first1=Jeff |title=Itron's Acquisition of Silver Spring Networks Bolsters Smart Meter and Grid Networking Revenue |url=https://www.greentechmedia.com/articles/read/itron-reports-first-quarterly-earnings-with-an-integrated-silver-spring-net |website=[[Greentech Media]] |date=May 16, 2018}}</ref> Silver Spring's Gen5 platform, which provided many of the same features as Itron's OpenWay Riva, has been integrated into a common framework.<ref name="Greentech Media" />
=== Acquisitions === '''2024''' - Itron acquires Elpis Squared<br /> '''2021''' - Itron acquires SELC, a Street Lighting Controls company<ref>{{cite web |last1=McCloskey |first1=Brian |title=Matheson Advises Itron on its Acquisition of SELC |url=https://www.matheson.com/insights/detail/matheson-advises-itron-on-its-acquisition-of-selc |website=[[Matheson (law firm)|Matheson Law]] |date=March 11, 2021}}</ref><br /> '''2017''' - Itron acquires [[Silver Spring Networks]]<br /> '''2017''' - Itron acquires [[Comverge]]<br /> '''2012''' - Itron acquires SmartSynch, cellular communications and also acquires C&N GasGate Technology for enhanced smart gas distribution systems.<br /> '''2007''' - Itron acquires Actaris Metering Systems.<br /> '''2004''' – Itron acquires [[Schlumberger]] Electricity Metering.<br /> '''2002''' - Itron acquires [[software]] for distributed system design, field workforce management and energy forecasting.<br /> '''1996''' - Itron acquires UTS, bringing MV-90 metering software application to its product portfolio.<br /> '''1995''' - [[AEG (German company)|AEG Meters]] are acquired with production sites in [[Italy]], [[Germany]], [[Spain]] & [[South Africa]].<br /> '''1993''' – Itron acquires two [[Germany|German]] companies, Heliowatt and Danyl.<br /> '''1989''' - Itron acquires a number of metering companies including Thorn Emi Gas Metering in the [[U.K.]] and Bosco Spa in [[Italy]].
== Utilities == Various utilities have worked with Itron to deploy [[smart meters]], advanced communications technology, [[analytics]] [[software]] and other [[resource management]]. Below are some of the utilities that have worked and partnered with Itron for smart meter projects. * North America: [[CenterPoint Energy]]; [[Southern California Edison]]; [[Pacific Gas & Electric]]; [[BC Hydro]]; [[FirstEnergy]]; [[DTE Energy]]; [[San Diego Gas & Electric]]; Cleveland Water; [[Sacramento Municipal Utility District]]; Glendale Water and Power; Rancho California Water District; [[Los Angeles Department of Water and Power]] (LADWP); [[Florida Power & Light]];<ref name="Greentech Media"/> [[PNM Resources|Public Services Company of New Mexico]]<ref>{{cite web |last1=Nhede |first1=Nicholas |title=Demand response project: PNM selects Comverge for rollout of DR initiative |url=https://www.smart-energy.com/regional-news/north-america/demand-response-project-pnm-comverge/ |website=Smart Energy International |date=April 11, 2017}}</ref> * Europe, Middle East & Africa: [[EDF Energy]]; Gaz Réseau Distribution France (GRDF); [[Yorkshire Water]]; Italgas; Malta Water Services Corporation; [[State Oil Company of Azerbaijan|State Oil Company of Azerbaijan (SOCAR)]]; Aguas de Valencia; Linea Distribuzione, Stadtnetze Neustadt and Stadtwerke Garbsen. * Asia Pacific & Australia: [[Powercor]]; CitiPower; [[PT Perusahaan Listrik Negara|PT Perusahaan Listrik Negara (PLN)]]; Hong Kong Water; [[Sydney Water]]; [[Mitsubishi Electric Corporation]]; Tonga Power Limited (TPL). * South America: [[Iberdrola]]; Dominican Corporation of State Electricity Companies; [[NAMC|NAMC Algeria]]; [[CPFL Energia]]; [[Eletrobras]]; ELO Sistemas Eletrônicos (ELO).
== Cities == [[San Antonio]] implemented a six-month smart streetlight pilot program in partnership with [[CPS Energy]], [[AT&T]], and Itron.<ref name="Business Insider"/> Through Itron, the city of [[Chicago]] overhauled its streetlights with smart [[LEDs]]. In March, the city installed 100,000 new lights—approximately one-third of its 270,000 goal. The project, costing $160 million, was predicted to lead to annual energy savings of $10 million.<ref name="IoT World">{{cite web |last1=Buntz |first1=Brian |title=Itron Embraces Bottom-Up Strategy for Smart City Technology |url=https://www.iotworldtoday.com/2019/09/13/itron-embraces-bottom-up-strategy-for-smart-city-technology/ |website=IoT World Today |date=September 13, 2019}}</ref> For the construction of a new highway, the city of [[Christchurch, New Zealand]] used Itron to deploy acoustical sensors at the site so the city can create a baseline before the highway is opened.<ref name="IoT World"/> The city of [[Copenhagen]], which sees the heavy use of bicycles, has enlisted Itron's help to deploy traffic management capabilities with its smart streetlight infrastructure.<ref name="TechTarget">{{cite web |last1=Shea |first1=Sharon |title=Smart streetlights build smart city network backbone |url=https://www.techtarget.com/iotagenda/feature/Smart-streetlights-build-smart-city-network-backbone |website=[[TechTarget]] |date=July 19, 2019}}</ref> The city of [[Paris]] plans to deploy sensors with its smart streetlights to monitor moisture levels in soil for [[water conservation]].<ref name="TechTarget"/>
== References == {{Reflist}} {{primary sources|date=September 2015}}
== External links == *[https://finance.yahoo.com/q/pr?s=ITRI Itron Yahoo Finance profile] {{Authority control}}
[[Category:Companies listed on the Nasdaq]] [[Category:Companies based in Spokane County, Washington]] [[Category:Manufacturing companies based in Washington (state)]] [[Category:Manufacturing companies established in 1977]] [[Category:1977 establishments in Idaho]] [[Category:Technology companies of the United States]] [[Category:Meter manufacturers]]