Itron ITRI unveiled its Active Transformer Load and Voltage Monitoring (ATLM/ATVM) applications. These apps are distributed intelligence (DI)-enabled and belong to its Grid Edge Intelligence portfolio.

The new apps are designed to aid utilities in gaining increased visibility into the low-voltage distribution grid. With enhanced visibility, utilities will be able to quickly troubleshoot any transformer loading and voltage issues, thereby increasing the usable life of transformers.

The ATLM/ATVM apps will evaluate data from service points to compute transformer loading and voltage statistics, and then communicate information to utility companies through DI-enabled endpoints in real time. These apps utilize direct peer-to-peer capability of Itron’s DI-enabled meters and Location Awareness application.

Further, ATLM/ATVM apps will provide utilities with improved awareness regarding the impact of distributed energy resources (DERs) on the grid in real time to help boost grid efficiencies.

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ATLM app also will help in decreasing customer outages through reduction in premature transformer failures by monitoring the overloading conditions. ATLM/ATVM insights can also be useful to utilities for phase balancing which can augment operational efficiency.

Itron adds that these apps will be useful amid increasing focus on renewable energy. The company noted with increasing solar generation and EV deployments, the instances of overloads increase.

ATLM/ATVM apps will provide vital insights into the effects of these DERs and aid utilities in preparation of hosting capacity constraints on the grid while accelerating the approval of new “interconnection requests”.

Itron is a technology and services company. It is one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems. this includes networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.

Itron recently reported fourth-quarter 2023 results, wherein non-GAAP earnings per share (EPS) of $1.23 surpassed the Zacks Consensus Estimate by 64%. The company reported EPS of 71 cents in the prior-year quarter.

Revenues were $577.2 million, which beat the Zacks Consensus Estimate by 1.1%. The top line improved 23% year over year. The top-line performance was driven by strong operational execution and easing of supply-chain issues.

For the first quarter of 2024, ITRI expects revenues to be between $575 million and $585 million. Non-GAAP EPS is anticipated in the range of 80-90 cents.