Press Release

Itron Signs Contract with National Grid to Automate Delivery of Data to Independent System Operators

New Solution Automates Data Aggregation, Calculation and ISO Reporting

LIBERTY LAKE, Wash. — Nov. 17, 2020 — Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, has signed a contract with National Grid, which serves more than 20 million people throughout New York, Massachusetts and Rhode Island, to deploy Itron’s Wholesale Settlement Solution. The solution will equip the utility to automate data aggregation, calculation and Independent System Operator (ISO) reporting.

National Grid faces the challenge of reporting to both the New York Independent System Operator (NYISO) and the Independent System Operator New England (ISO New England). To enable National Grid to settle all energy transactions across its 5,000 wholesale settlement points, Itron developed a software module that integrates with National Grid’s Itron Enterprise Edition (IEE) Meter Data Management System (MDMS) to enable the utility to meet its wholesale settlement requirements. IEE MDM is a Software-as-a-Service (SaaS) solution that centralizes the collection, processing, storage and complex analysis of smart device data, device events and alarms.

Minimizing manual intervention, the Wholesale Settlement Solution will equip National Grid to deliver data to NYISO and ISO New England with a scalable, interval-based settlement model. Additionally, the solution is equipped with a user interface that allows the utility to customize parameters and monitor key activities.

“This solution demonstrates Itron’s commitment to developing innovative new solutions that easily integrate with existing infrastructure to meet new use cases,” said Don Reeves, senior vice president of Outcomes at Itron. “The wholesale settlement solution will equip National Grid to meet regulatory obligations with each ISO, while avoiding manual intervention.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions 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:

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.


Alison Mallahan

Senior Manager, Corporate Communications

(509) 891-3802


David Means

Director, Investor Relations

(737) 242-8448