Xcel Energy and Itron Collaborate to Bring Advanced Technology to Energy Industry
Summary
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today that it entered an agreement with Itron to secure smart meters to install across its system. “This collaboration is exciting because we’re not just developing the next generation of smart meters,” said Brett Carter, Xcel Energy’s chief customer and innovation officer, and executive vice president. The technology will be capable of things like monitoring the energy efficiency of individual appliances in customers’ homes and allow for the development of submetering for charging electric vehicles. Xcel Energy plans to eventually install smart meters throughout its entire service territory, subject to regulatory approval. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices.