Itron (ITRI) And Sonnen Team Up To Maximize Grid Efficiency
Zacks Investment Research | Mar 28, 2018 11:00PM ET
Itron, Inc. (NASDAQ:ITRI) recently partnered with a leading provider of intelligent residential energy storage systems, sonnen group to maximize grid efficiency. The collaboration will allow both utilities to effectively control and manage their stored energy resources.
Per the deal, both companies will work together for the integration of the sonnenBatterie eco with Itron's IntelliSOURCE Enterprise demand response management system. The deal will augment the wide smart grid solution portfolio of Itron offering utilities. It will also help to better manage the distributed energy resources (“DER”) of both firms.
Notably, Itron aims to partner with several other DER vendors to optimize grid efficiency. In fact, Itron is already working with sonnen on a project in California for increased deployment of DER. Additionally, the project will help customers, utilities and other energy service companies to monitor the impact of DERs by forecasting them in advance.
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