Global metering solutions provider
) announced that its OpenWay smart grid network is now available
globally. OpenWay system helps utilities to improve operations
through energy efficiency and enhance grid security at minimum
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Energy demand continues to grow at a rapid pace all around the
world. A secure, efficient and reliable grid is required for
diverse energy supplies. To meet the rising demand, Itron
provides next-generation intelligent metering products, systems
and services to help electricity utilities in revenue generation,
resource management and consumer satisfaction.
Itron's OpenWay is an IP network that utilizes multiple
communication options, including RF Mesh as well as cellular and
power line carriers, based on localized protocol and standards.
The model focuses on availability, reliability, interoperability
and quality of service.
Additionally, OpenWay includes data collection, network and asset
monitoring and control capabilities facilitating distribution
automation, demand response and renewable integration after
combining with Itron Analytics and Itron-developed or third-party
devices and applications.
Itron's innovative technologies deliver accessible data to ensure
the profitability of its customers. Its partnership with Cisco
provides OpenWay with the best smart grid communications
infrastructure. The IPv6-based network technology allows
utilities to improve grid reliability, supports consumer
engagement and helps them to deploy smart grid applications over
a common network infrastructure.
Itron, which belongs to the electrical equipment industry along
Agilent Technologies Inc.
), installed around 15 million smart meters and network devices.
The company has successfully completed several large-scale
deployments at leading utilities in North America.
Liberty Lake, Wash.-based Itron produces electricity, gas, water,
and heat meters, data collection and utility software solutions
along with various associated metering products for residential,
commercial and industrial, and transmission and distribution
Itron currently retains a short-term Zacks Rank #3 (Hold).
National Instruments Corporation
), which also belongs to the same industry, is a good investment
option as it sports a Zacks Rank #2 (Buy).