Grid4C Collaborates with Itron to Embed AI-Powered Analytics into Smart Meters
AUSTIN, Texas, Feb. 19, 2020 — Award winning AI-powered energy analytics company Grid4C is collaborating with Itron, which is innovating the way utilities and cities manage energy and water, to embed its predictive analytics software solutions within Itron Riva smart meters to solve the industry’s next generation use cases in real-time.
The solution will utilize 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.
AI Grid Edge solutions will 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 optimization, to home energy management at the appliance level, and the prediction, detection, and diagnostics of faults for grid assets and home appliances, in order to improve operational planning, reduce peak demand, increase energy savings, deliver new revenue streams and increase customer engagement.
“Itron is not only an industry leader but an innovator in helping utilities maximize the benefits of smart meter investments, and we are honored to collaborate with them,” said Dr. 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 optimize 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 combined solution will provide a significant edge to Itron’s customers and the communities they serve.”
“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 of Itron’s Outcomes business. “We are excited to deliver Grid4C’s AI technology to equip consumers to conserve energy.”
Selected as a leader in AI solutions for the energy industry by Greentech Media and Navigant Research, Grid4C empowers energy providers and consumers by enabling the power to foresee, leveraging advanced Machine Learning capabilities to deliver accurate, granular predictions, which are crucial for tackling the rising challenges of today’s energy industry. Grid4C’s plug-and-play solutions analyze the massive amounts of sub-hourly data collected from millions of smart meters and IoT data, and together with customer data, pricing information and more, delivers new revenue streams, enhances customer value, improves the efficiency of energy operations, and maximizes profit. Its portfolio consists of Predictive Home Advisor, which includes non-intrusive household appliance fault prediction and load disaggregation capabilities, Predictive Operational Analytics, enabling better decisions for coordination of distributed energy resources with meter, sub-meter, and asset-level forecasting, Predictive Customer Analytics, which targets and predicts adoption of new rate plans and utility programs, and more.
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.