Thursday, March 4, 2010

Itron Benefits From First Smart Grid Grant

Liberty Lake, Washington-based Itron, a maker of smart utility meters, appears to be a major beneficiary of the first, smart grid grant under the American Recovery and Reinvestment Act. According to the City of Glendale, California's utility, Glendale Water & Power, it was granted a $20M Smart Grid Investment Grant under the American Recovery and Reinvestment Act--a large part which will go towards installing Itron's OpenWay electric and Itron's Water SaveSource smart meters. Financial impact of the project was not disclosed, however, Glendale Water & Power said it plans to install Itron's OpenWay Smart Grid technology for it 84,500 electric customers, and Itron's Water SaveSource for 33,400 water customers, plus a wide area network to connect all those devices.