Itron Partners with Norgesnett for Nordic Grid Edge Innovation
Collaborative Innovation between Itron and Norgesnett
Itron, Inc. (NASDAQ: ITRI), a pioneer in utility management solutions, is embarking on an exciting new venture with Norwegian energy utility Norgesnett to bring edge computing technology to Nordic grids. This joint initiative marks the first implementation of Itron’s Grid Edge Intelligence portfolio in the region, signifying a major step forward in how energy and water resources are managed effectively.
Transforming the Grid with Distributed Intelligence
Norgesnett aims to modernize its Advanced Metering Infrastructure (AMI) as part of a broader strategy to enhance grid efficiency and control. By integrating distributed intelligence (DI) technology, the utility will have improved visibility over its distribution systems, facilitating better decision-making and optimized real-time operations. This enhanced capability is essential in today’s energy landscape, which is increasingly driven by consumer demand and renewable energy integration.
Norgesnett's Commitment to Sustainability
With its nearly entirely renewable electricity system, Norway is setting the stage for advanced energy solutions. A striking statistic is that 96% of new car registrations in January 2025 were electric, aligning perfectly with Norgesnett's commitment to sustainability. As the most efficient power grid company in Norway, Norgesnett is dedicated to minimizing energy loss and maintaining a reliable electricity supply. The strategic implementation of DI solutions will better equip the utility to navigate current and future grid challenges, amplifying operational flexibility while supporting sustainability goals.
Scalable Technology for Future Growth
As part of this groundbreaking project, Norgesnett is set to deploy 10,000 DI-enabled smart endpoints in its initial phase, which is scheduled to kick off in the first half of 2026. These endpoints will not only enhance operational capabilities but also allow for remote application updates and adjustments. This flexibility ensures that Norgesnett can adapt to consumer needs swiftly, whether by managing safety shutdowns, addressing nonpayment, or optimizing power use during busy periods.
Benefits of Real-Time Data Access
The DI-enabled endpoints will provide both the utility and its customers with valuable insights into energy usage, empowering consumers with the knowledge to make informed decisions about their electricity consumption. This transparency fosters enhanced energy efficiency and aids in the broader goal of sustainability. The ongoing challenges of modernizing the grid require data-driven approaches, and Itron's technology is designed to meet these needs.
Realizing the Nordic Innovation Vision
Norgesnett’s initiative aligns closely with the ambitions set forth by Nordic Innovation, an organization focused on enhancing sustainability across the region. By 2030, the goal is to establish the Nordic countries as the leading examples of integrated and sustainable regions globally. The real-time analytics provided by Itron’s solutions will be crucial in analyzing how various renewable resources impact overall energy load at each endpoint, thus enabling proactive management of grid resources.
Voices of Leadership
Vidar Kristoffersen, CEO of Norgesnett, stated, "As Norway's most efficient grid company, we are dedicated to modernizing our operations. Partnering with Itron, we are taking significant strides towards reliability and safety in electricity delivery, while enhancing our service through advanced analytics."
Don Reeves, senior vice president of Outcomes at Itron, commented, "We understand that the energy grid is ever-evolving and our Grid Edge Intelligence portfolio provides the agility needed to tackle these changes. We are thrilled to assist Norgesnett in creating a modern, reliable power grid that not only addresses the present challenges but is poised for future advancements."
About Itron
Itron stands out as a leading global entity in the energy, water, and intelligent infrastructure sectors. Its dedication to innovation allows for improved resource management, fostering a sustainable future for communities worldwide. By connecting people and resources, Itron aims to elevate the quality of life globally, encouraging conservation and efficient resource use.
Contact Information
For additional inquiries regarding this partnership or Itron’s services, please contact:
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com
Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com
Frequently Asked Questions
What is the main goal of the Itron and Norgesnett partnership?
The partnership aims to deploy edge computing technology to modernize energy management in Norway, enhancing grid efficiency and sustainability.
What technology will Norgesnett be implementing?
Norgesnett will implement distributed intelligence (DI)-enabled smart endpoints to improve visibility and control across its electricity distribution systems.
Why is Norway focusing on renewable energy?
Norway aims to transition to a sustainable energy future, with an overwhelming percentage of electricity provided by renewable sources, bolstered by a surge in electric vehicle adoption.
How many smart endpoints will be deployed in the first phase?
Norgesnett will deploy 10,000 DI-enabled smart endpoints in the first phase starting in 2026.
What benefits will the DI-enabled endpoints provide?
The endpoints will offer real-time energy usage data, enabling both the utility and consumers to enhance energy efficiency and adapt to changing demands.
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