Itron and SmartThings Join Forces to Unlock Utility Energy Analytics for Carbon Reduction
Itron, Inc. and SmartThings, Inc. are working together to provide an integrated energy experience by connecting Itron’s industrial IoT (IIoT) network solution and SmartThings’ services and solution.
September 27, 2022. By News Bureau
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The companies plan to combine their industry leading IoT platforms to allow utilities to unlock the user experience and rapidly enhance value to both the consumer and the utility through improved distributed energy management, accelerated carbon reduction and enhanced consumer engagement.
The collaboration will combine Itron’s proven distributed intelligence (DI) ecosystem, which features millions of connected endpoints, with SmartThings Energy service to provide real-time energy readings and consumption patterns to improve energy management and conservation.
The combined solution, which will support multiple connectivity options, will bring together participating consumers’ real-time consumption data from their meter, behind the meter assets and appliances all within the SmartThings Energy, giving the consumer a complete picture of their energy consumption.
Consumers that opt into their utility’s program will gain greater visibility into their energy use and reduce their usage while enabling utilities to improve overall grid management and visibility as well as advance carbon reduction goals.
For example, utilities will be able to enhance their demand response (DR) programs with AI Energy Saving mode combined with high-fidelity real-time data from Itron’s IIoT solution to initiate DR events for participating consumers, reducing the energy load of their appliances.
“We are excited to join forces with Samsung SmartThings to drive the future of IoT, combining Itron’s unequaled track record of success in delivering utility outcomes with SmartThings’ expertise in consumer engagement,” said Don Reeves, senior vice president of Outcomes at Itron. “Combining two industry leading platforms is a game changer for energy management. This collaboration will significantly accelerate consumers’ understanding of their energy use, combining information from smart energy devices such as Samsung appliances, electric vehicles, solar panels, heat pumps, thermostats and more. Our goal is to enable consumers to optimize their use of green, renewable energy and reduce their carbon footprint.”
“With this collaboration, we are enabling consumers to make smarter decisions about their energy use. Integrating Itron’s IIoT solution with the SmartThings Energy application will not only make it easier for utilities to inform their customers on their energy consumption, it will also make it easier for consumers to take advantage of energy savings opportunities in their smart appliances,” said Chanwoo Park, EVP & Head of IoT Biz Group, Samsung Electronics. “We are thrilled to collaborate with Itron as this not only conserves energy but also aligns with our customers’ goals of achieving net-zero carbon households.”
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