Press Release

Itron to Modernize Electricity Grid at New Brunswick Power in Northeastern Canada

Utility to Deploy Itron’s Multi-Purpose IoT Solution to Lay the Foundation for Smart Grid Program

LIBERTY LAKE, Wash. — Oct. 27, 2020 — Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that New Brunswick Power (NB Power) will deploy Itron’s multi-purpose solution, including an IoT network and more than 350,000 Measurement Canada-approved distributed intelligence-enabled smart meters, to modernize its electricity grid. The project is a part of NB Power’s overarching smart grid program, which aims to create a modern grid that is smarter, cleaner, more resilient and efficient. NB Power recently received regulatory approval of the project and work is slated to begin later this year.

Providing electricity to more than 350,000 homes, businesses, hospitals and schools throughout New Brunswick, Canada, NB Power will deploy Itron’s Advanced Metering Infrastructure (AMI) solution across its service territory to enhance customer service, reduce non-technical losses and improve metering reading and billing. With Itron’s intelligently connected network and high-performance endpoints, the utility will be equipped to implement distributed intelligence-enabled applications to optimize grid performance, increase reliability and automate billing. NB Power will also be able to analyze data in real time to proactively manage risk, minimize outages and respond to rapidly changing grid conditions.

“Smart meters are essential to building a smarter, cleaner, more reliable and efficient power grid and will bring important benefits to all New Brunswickers. As we move forward with this investment, we will do so with our customers’ expectations in mind,” said Lori Clark, senior vice-president of Operations at NB Power. “We look forward to working with Itron, an industry leader, as we bring smart meters to our customers.”

“Our proven IoT solution is designed to cost-effectively improve operational efficiency, customer experience and grid reliability,” said John Marcolini, senior vice president of Networked Solutions at Itron. “With Itron’s multi-application network and smart devices, NB Power will lay the groundwork for its smart grid program while preparing for the future with distributed intelligence that enables action and decision making at the edge of the network.”

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:

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Alison Mallahan

Senior Manager, Corporate Communications

(509) 891-3802