Itron and NVIDIA Collaborate to Revolutionize Utility Grids with AI-Powered Solutions

AI-Powered Grid? Itron And NVIDIA Join Forces To Transform Utilities With Smarter, Faster Solutions - Itron (NASDAQ:ITRI)

On Wednesday, Itron, Inc. ITRI announced a new collaboration with NVIDIA Corporation to accelerate the adoption of AI-powered solutions at the grid edge, helping utilities and communities tackle some of the industry's challenges. Itron shares are trading relatively flat in the premarket session on Thursday. This partnership integrates Itron's advanced Grid Edge Intelligence portfolio with NVIDIA's AI solutions to provide utilities with real-time data and actionable insights, transforming how they manage energy distribution and operations. The collaboration aims to address utility needs such as grid resilience, disaster management, consumer engagement, and operational efficiency. By integrating NVIDIA's Jetson Orin Nano and AI Enterprise platforms into Itron's offerings, the companies will leverage edge computing to optimize utility operations. Also Read: US Stocks Likely To Open Lower After Fed Decision: Any Pullback In Equities 'Offers An Opportunity,' Says Expert Itron's extensive experience with over 13 million distributed intelligence-enabled endpoints globally will complement NVIDIA's AI capabilities, offering utilities enhanced data processing and decision-making tools. Utilities will benefit from several new AI use cases, including improved grid optimization, energy demand forecasting, and real-time data processing. With AI-enabled edge computing, utilities will be able to better manage energy distribution, predict energy demand more accurately, and make faster, informed decisions to prevent issues like blackouts and overloads. This collaboration is designed to help utilities improve grid performance, support decarbonization efforts, and build more resilient infrastructures. "Itron and NVIDIA are committed to combining their expertise to benefit utilities and municipalities in the energy, water, gas, and smart city industry through AI," said Don Reeves, Senior Vice President of Outcomes at Itron. Marc Spieler, Senior Managing Director of Energy at NVIDIA, added, "We are ushering in a new era of global innovation for utilities with our AI solutions and are excited to work with an industry leader like Itron in revolutionizing the way AI is used within the utility industry." Price Action: ITRI shares are trading lower by 0.95% to $107.10 premarket at last check Thursday. Read Next: Mark Cuban Advises GenZ To 'Spend Every Waking Minute Learning About AI:' Here's A List Of AI Investment Opportunities For Long Term Image via Shutterstock. ITRIItron Inc$107.10-0.95%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum79.97Growth7.03Quality74.51Value43.38Price TrendShortMediumLongOverviewNVDANVIDIA Corp$117.35-0.14% This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Itron announces AI- powered solutions partnership with Nvidia (NASDAQ:ITRI)

Itron (NASDAQ:ITRI) on Wednesday announced a collaboration with Nvidia (NVDA) to combine Itron's Grid Edge Intelligence portfolio with Nvidia's AI-powered solutions. Itron said it will collaborate with Nvidia to develop solutions for utilities to reach their goals, including grid resilience, disaster management and prevention, consumer engagement, operational efficiency, the secure delivery of affordable energy to customers, among others. ITRI -1.92% after hours to $106.05. Source: Press Release More on Itron Itron: Robust Financial Results Ahead Of FY 2024 Earnings - Hold Itron beats top-line and bottom-line estimates; initiates Q1 and FY25 outlook Seeking Alpha's Quant Rating on Itron