Itron and Grid4C partner on AI at grid edge
February 25, 2020
Washington-based technology company Itron is collaborating with Grid4C, a Texas software firm, to embed AI-powered analytics into smart meters at the grid edge.
AI-powered energy analytics firm Grid4C aim to deliver predictive insights at the grid edge with real-time decisions within Itron's smart meters.
Working together, the two companies are innovating on the way utilities and cities manage energy and water, by embedding predictive analytics software within Itron Riva smart meters.
The combination will use Itron’s Distributed Intelligence platform, standard on every Itron Riva meter, which provides a secure compute environment, application management and real-time data delivery to enable edge processing and real-time insights.
“Itron is not only an industry leader but an innovator in helping utilities maximise the benefits of smart meter investments, and we are honoured to collaborate with them,” said Noa Ruschin-Rimini, Grid4C founder and CEO. “By embedding the most advanced machine-learning insights directly into Itron’s robust, high-performance smart meters, we can help plan and optimise distributed energy resources in real time at the edge of the grid, prevent faults both on the grid side and on the consumer side, and help consumers manage their energy better. The combination will provide a significant edge to Itron's customers and the communities they serve."
AI grid edge technology can provide utilities with granular real-time predictions and actionable insights for their operations and customer-facing applications. This core technology drives applications ranging from granular load forecasting and distributed energy resources optimisation, to home energy management at the appliance level, and the prediction, detection and diagnostics of faults for grid assets and home appliances, to improve operational planning, reduce peak demand, increase energy savings, deliver new revenue streams and increase customer engagement.
“By deploying Grid4C's industry-leading AI analytics on Itron’s Distributed Intelligence platform, this collaboration will enable utilities and cities to harness AMI data to take full advantage of their smart grid infrastructure,” said Don Reeves, senior vice president at Itron. “We are excited to deliver Grid4C’s AI technology to equip consumers to conserve energy.”
Grid4C's plug-and-play products analyse the massive amounts of sub-hourly data collected from millions of smart meters and IoT data and, with customer data, pricing information and more, aim to deliver new revenue streams, enhance customer value, improve the efficiency of energy operations, and increase profit.
Itron enables utilities and cities to deliver critical infrastructure services safely, securely and reliably to communities in more than 100 countries.