Itron Inc - Company Profile
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Business Description
Itron Inc (Itron) is a provider of technology solutions and services to utilities and municipalities to measure, manage and analyze energy, gas, and water use. It provides various water and heat metering systems and smart metering products for applications in residential and commercial industrial. It also offers licensing meter data management and analytics software, managed services, software-as-a-service, technical support, licensing hardware technology, and consulting services.
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R&D Overview
The company’s R&D efforts focus on improving and creating new technology for essential infrastructure such as electricity, natural gas, water, heat, smart cities, and DERMs. This involves developing devices for control and sensing, software for data collection, communication technology, data storage, software applications, and the Industrial Internet of Things. In FY2022, it spent US$185 million on R&D, which declined 6.1% YoY.
Business Segments
Overview
Manufactures meters used for the measuring, controlling and sensing electricity, gas and water. Major Products include standard gas, electricity and water meters. Meters do not have communications capability embedded with it.
Performance
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Overview
Offers a combination of communicating devices, network infrastructure and application software to acquire and transport robust application-specific data. Major products include smart meters, modules, endpoints, sensors, and automated meter reading (AMR), advanced metering infrastructure (AMI), smart grid, distribution automation (DA), and smart street lighting and city solutions. Products under Networked Solutions have communications capability embedded with it.
Performance
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Overview
Provides software services to manage, organize, analyze, and interpret data for decision making to maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. Caters to the needs of Device Solutions and Networked Solutions, which include meter data management and analytics offerings and manage network-as-a-service and platform-as-a-service. Provides forecasting software and consulting-based engagement.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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