Itron acquires software and services firm Elpis Squared, terms undisclosed

Itron announced it is expanding its Grid Edge Intelligence portfolio through the acquisition of Elpis Squared, an provider of software and services for utility grid operations, effective immediately…Combining Elpis Squared’s RE Grid Suite with Itron’s Grid Edge Intelligence solutions, which operate at utility scale across millions of endpoints, will accelerate key elements of Itron’s product roadmap…”The acquisition of Elpis Squared strengthens Itron’s Grid Edge Intelligence portfolio and will accelerate our product roadmap to create more value for our customers,” said Don Reeves, senior vice president of Outcomes at Itron. “We look forward to enabling customers to solve critical operational challenges by embedding Itron’s grid edge data and insights into utilities’ grid planning and operations, addressing the energy transition.” “We are excited to be acquired by Itron as we help utilities navigate a transforming grid with confidence,” said Bryan Wright, CEO of Elpis Squared. “By adding our RE Grid Suite to Itron’s Grid Edge Intelligence portfolio, Itron will catalyze the transformation of energy infrastructure and help utilities enhance resource productivity and create a sustainable, resilient and interconnected energy ecosystem.”