LIBERTY LAKE, Wash. — Nov. 17, 2020 — Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, has signed a contract with National Grid, which serves more than 20 million people throughout New York, Massachusetts and Rhode Island, to deploy Itron’s Wholesale Settlement Solution. The solution will equip the utility to automate data aggregation, calculation and Independent System Operator (ISO) reporting.

National Grid faces the challenge of reporting to both the New York Independent System Operator (NYISO) and the Independent System Operator New England (ISO New England). To enable National Grid to settle all energy transactions across its 5,000 wholesale settlement points, Itron developed a software module that integrates with National Grid’s Itron Enterprise Edition (IEE) Meter Data Management System (MDMS) to enable the utility to meet its wholesale settlement requirements. IEE MDM is a Software-as-a-Service (SaaS) solution that centralizes the collection, processing, storage and complex analysis of smart device data, device events and alarms.

Minimizing manual intervention, the Wholesale Settlement Solution will equip National Grid to deliver data to NYISO and ISO New England with a scalable, interval-based settlement model. Additionally, the solution is equipped with a user interface that allows the utility to customize parameters and monitor key activities.

“This solution demonstrates Itron’s commitment to developing innovative new solutions that easily integrate with existing infrastructure to meet new use cases,” said Don Reeves, senior vice president of Outcomes at Itron. “The wholesale settlement solution will equip National Grid to meet regulatory obligations with each ISO, while avoiding manual intervention.”