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Share Name | Share Symbol | Market | Type |
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Itron Inc | NASDAQ:ITRI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.925 | -0.78% | 118.365 | 118.36 | 118.48 | 120.42 | 118.30 | 119.94 | 72,547 | 16:49:51 |
Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers
LIBERTY LAKE, Wash. and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Itron, Inc. (NASDAQ: ITRI) and Pacific Gas and Electric Company (PG&E) are collaborating to make electric vehicle (EV) charging more accessible and affordable for PG&E's customers.
As part of exploring ways to modernize its electric meter network, PG&E is working with Itron on a customer-focused pilot to develop and test the management of EV charging loads in real-time, with the goal of significantly lowering the barrier for customers to charge their EV at home by avoiding the need for costly customer electric panel and service upgrades.
"In collaboration with Itron and our EV solution providers, PG&E is working to give more of our customers access to faster charging at home through a safe and affordable alternative to panel and service upgrades. This solution makes EV adoption easier because customers can avoid out-of-pocket expenses and get faster Level 2 EV charging immediately, while keeping vehicle charging within safe grid limits," said Mike Delaney, Vice President, Utility Partnerships and Innovation, PG&E.
Typically, a Level 2 EV charger requires a 200-amp service to the customer's home. A Level 2 charger is up to 15 times faster than plugging into a standard wall outlet and allows drivers to fill an all-electric vehicle from empty overnight. If a customer has 100-amp service, which is the case for about half of the existing homes in PG&E's service area, upgrading to a 200-amp panel and service can cost customers thousands of dollars and take months to complete.
Unlike typical cloud-only software-based integrations that exchange information only a few times a day, the EV Connect program is unique in that it uses distributed intelligence (DI) edge computing that operates on a customer's electric meter directly. This on-meter application connects to, and coordinates with, the customer's EV charger to keep charging within their panel and utility grid limits. The combined solution enables a customer to avoid the cost of panel and service upgrades while still being able to install and operate faster Level 2 EV charging at home.
The innovative EV Connect program is the first of its kind and combines elements of consumer engagement, advanced edge compute capabilities and broad industry collaboration to provide a cost-effective, consumer-friendly, secure end-to-end solution that increases access to electric vehicle charging for PG&E's customers.
"The EV Connect collaboration with our longtime customer, PG&E, illustrates the possibilities of Itron's Grid Edge Intelligence portfolio. The utility can deploy additional capabilities to its existing Itron communications network to enable intelligence at the grid edge and help end-use customers avoid the financial burden and wait time associated with upgrading service panels and residential service conductors," said Don Reeves, senior vice president of Outcomes at Itron. "This is just one example of the possibilities for distributed energy resource management enabled by Itron's technology platform. By deploying grid edge intelligence, we can help consumers and utilities avoid costly upgrades whatever the source of the demand, such as thermostats, water heaters, appliances, pool pumps, photovoltaic inverters and more."
The initial scope of the EV Connect pilot program will support up to 1,000 residential customers who currently own or are considering purchasing an EV and have panel or service limitations that prevent them from installing a Level 2 EV charger at home. PG&E will replace customers' existing electric SmartMeters™ with Itron Riva meters, enabling them to immediately install and utilize Level 2 chargers available within the program. PG&E and Itron plan to launch the new pilot offering in early 2025, with larger availability in the second half of 2025.
Depending on learnings and the success of the pilot program, PG&E will evaluate extending the program to be broadly available on an ongoing basis.
Itron is demonstrating the EV Connect application at PG&E's 2024 Innovation Summit on Nov. 13, 2024 in San Jose.
Media can access videos, still photos and news releases from the Innovation Summit here: 2024 PG&E Innovation Summit - Multimedia Access Link
More details about the EV Connect program will be available on the PG&E website in early 2025.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
About Itron
Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com.
Itron and the Itron Logo are registered trademarks of Itron, Inc in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
View original content to download multimedia:https://www.prnewswire.com/news-releases/itron-and-pge-collaborate-to-enable-real-time-control-of-electric-vehicle-charging-with-grid-edge-intelligence-302304572.html
SOURCE Pacific Gas and Electric Company
Copyright 2024 PR Newswire
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