LIBERTY LAKE, Wash. & CAMBRIDGE, Mass. - In response to the increasing complexity of the electrical grid due to renewable energy sources, electric vehicles (EVs), and capacity constraints, Itron Inc. (NASDAQ: NASDAQ:ITRI) and GE Vernova have announced a collaborative effort to enhance utilities' grid data management. This partnership aims to develop a shared grid data model that will facilitate real-time operation and orchestration of the distribution grid, thereby improving reliability and resilience for end users.
The collaboration will integrate Itron’s Grid Edge Intelligence solutions with GE Vernova’s GridOS® orchestration software, allowing for better management of grid operations challenges. These challenges are largely due to the integration of renewable energy generation and distributed energy resources (DERs), such as customer-owned solar panels, EV charging infrastructure, and battery storage. The joint effort is expected to provide utilities with the ability to make more strategic use of high-resolution data collected from the grid edge, which can lead to improved forecasts and dynamic load management.
The combined solutions from Itron and GE Vernova will offer utilities various customer benefits. These include enhanced navigation and response to load demands, greater access to optimize residential DERs, real-time automated model accuracy through AI and machine learning, and improved reliability and stability of the power supply.
According to Mahesh Sudhakaran, general manager of Grid Software at GE Vernova, the collaboration represents a significant step for utilities to unify their approach to demand management and grid operations. Don Reeves, senior vice president of Outcomes at Itron, emphasized the importance of high-resolution grid edge data and operational insight in managing and building the grid of the future.
The innovative partnership also garnered positive remarks from Florida Power & Light Company (FPL), highlighting the potential efficiencies and enhanced data integration it could bring to their system.
Itron and GE Vernova will further showcase their technology and discuss the shared technology and unified data layer at DISTRIBUTECH 2024 in Orlando, Florida. Additionally, they will conduct joint demonstrations at the event to display the practical applications of their data fabric technology and unified data model.
This news is based on a press release statement and does not include any subjective commentary or speculative implications.
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