Itron collaborates with Tesla and Xcel to deploy virtual power plant in Colorado using AI

From Nasdaq: 2025-03-21 12:55:00

Itron, Inc. collaborates with Tesla and Xcel Energy to deploy a virtual power plant in Colorado, using Grid Edge Intelligence solutions to manage distributed energy resources. The integration of Itron’s IntelliFLEX solution with Tesla’s battery storage platform will enhance grid support and accelerate Xcel Energy’s electrification goals in the state.

Itron introduces IntelliFLEX, an end-to-end solution for near real-time DER optimization, enabling aggregation, forecasting, and AI-driven load balancing across AMI networks and DER aggregators. With over 3 million managed DER devices for 30 utilities in the US, Itron’s IntelliFLEX Aggregator DERMS plays a crucial role in maximizing the value of distributed energy resources.

Strategic collaborations are proving to be Itron’s strength, with recent partnerships to improve energy efficiency, address evolving energy needs in Colorado, and enhance electric vehicle charging affordability. The company’s Zacks Rank #2 (Buy) reflects its strong performance, gaining 19.4% against the Electronics – Testing Equipment industry’s decline of 7.5% in the past year.

Itron’s ongoing collaborations and technological advancements demonstrate its commitment to sustainability and innovation in the energy sector. The company’s innovative solutions and strategic partnerships position it as a key player in maximizing the value of distributed energy resources and accelerating the transition to clean energy solutions.Attendees can learn more about Itron’s IntelliFLEX solution at DISTRIBUTECH 2025, booth #3008, from March 25-27.



Read more at Nasdaq: ITRI Teams With Tesla & Xcel to Deploy Virtual Power Plant in Colorado