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Itron Acquires Elpis Squared, Expands Grid Edge Intelligence Portfolio
Faced with increasing grid complexity utilities are seeking capabilities to better control the volatility and disruption within the low- and medium-voltage distribution network. The acquisition of Elpis Squared allows Itron to embed real-time, high-resolution grid edge data into the grid planning, operations and engineering process - an industry first. This enables enhanced insights for more accurate distribution grid modeling and analysis, delivering improved performance metrics for the grid edge. Elpis Squared is deeply integrated with utility distribution grid operations and has more than 10 years of operational experience with North America's largest investor-owned utilities. Combining Elpis Squared's RE|Grid Suite with Itron's Grid Edge Intelligence solutions, which operate at utility scale across millions of endpoints, will accelerate key elements of Itron's product roadmap and enable utilities to maximize the value of existing investments with key use cases, including:
"The acquisition of Elpis Squared strengthens Itron's Grid Edge Intelligence portfolio and will accelerate our product roadmap to create more value for our customers," said Don Reeves, senior vice president of Outcomes at Itron. "We look forward to enabling customers to solve critical operational challenges by embedding Itron's grid edge data and insights into utilities' grid planning and operations, addressing the energy transition." "We are excited to be acquired by Itron as we help utilities navigate a transforming grid with confidence," said Bryan Wright, CEO of Elpis Squared. "By adding our RE|Grid Suite to Itron's Grid Edge Intelligence portfolio, Itron will catalyze the transformation of energy infrastructure and help utilities enhance resource productivity and create a sustainable, resilient and interconnected energy ecosystem." Elpis Squared solutions are available immediately to Itron's customers in North America. Integrated solutions with Itron's Grid Edge Intelligence portfolio are expected to be available in Q4 2024. To learn more about Elpis Squared's solutions, visit https://elpis2.com. About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com. Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. Additional Resources
View source version on businesswire.com: https://www.businesswire.com/news/home/20240305382311/en/
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