Itron, Inc. and Pacific Gas and Electric Company (PG E) announced an expansion of their collaboration to deploy Itron’s Grid Edge Intelligence solutions across California. The rollout will begin with up to 1,000 new Itron devices installed through 2026, with a long‑term plan to scale to hundreds of thousands as part of PG E’s advanced metering infrastructure roadmap.
The partnership comes at a time when Itron is reporting strong financial results. In the third quarter of 2025, the company posted a non‑GAAP earnings per share of $1.54, beating consensus estimates of $1.48, and generated revenue of $581.6 million, slightly above the $578.5 million forecast. Gross margin expanded by 180 basis points year‑over‑year, driven by a favorable product mix and operational efficiencies.
Itron’s management has guided for a full‑year 2025 revenue range of $2.4 billion to $2.5 billion and non‑GAAP EPS of $5.20 to $5.60, a slight upward revision from prior guidance. The company also reported a record $4.7 billion backlog at the end of Q4 2024, underscoring the strength of its pipeline.
Tom Deitrich, Itron’s president and CEO, said the company’s focus on grid edge intelligence is “a key driver of our growth trajectory,” noting that the partnership with PG E demonstrates the market’s appetite for scalable, automated solutions that reduce the need for costly infrastructure upgrades. Mike Delaney, PG E’s vice president of strategy and innovation, highlighted that the deployment will help the utility meet California’s wildfire mitigation goals by enabling real‑time control of distributed loads.
The Grid Edge Intelligence platform allows devices to communicate locally and automatically adjust electric vehicle charging speeds based on a home’s electrical limits and grid conditions, reducing peak demand and supporting the integration of renewable generation. By deploying these devices, PG E aims to improve grid reliability, lower wildfire risk, and enhance the customer experience through smarter, more responsive energy management.
The expansion aligns with California’s Electric Program Investment Charge (EPIC) program, which provides financial support for technologies that advance safety, reliability, affordability, sustainability, and equity. As the state pushes for broader electrification and renewable integration, the partnership positions Itron to capture a growing share of the smart‑grid market and reinforces its strategy of delivering end‑to‑end solutions that scale with utility needs.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.