Third Annual Itron Resourcefulness Index Reveals the Utility Industry’s Opportunity to Lead Transformation
March 29 2016 - 8:45AM
Business Wire
Report emphasizes importance of industry’s role
in managing energy and water
Itron, Inc. (NASDAQ: ITRI), a world-leading technology and
services company dedicated to the resourceful use of energy and
water, announced today the release of the third annual Itron
Resourcefulness Index report, a global survey and index
benchmarking energy and water resources management.
In its largest study to date, Itron surveyed more than 2,000
combined utility executives and informed consumers in key markets
around the globe to benchmark energy and water management. The
insights gathered this year point to the growing importance of the
utility industry’s role in leading the transformation in managing
finite resources. Increasingly, utilities are turning to new
technologies to reduce wasted energy and water. Energy utility
executives indicated a desire to have an integrated system that
includes gas, solar and wind renewables, which will drive the
transformation and address their changing business model.
Meanwhile, our survey revealed a growing dissatisfaction with the
level of communication and control consumers expect from their
utility. At the same time, the majority of utility executives noted
that they are excelling in communicating with their customers.
“I’m proud to present the 2016 Itron Resourcefulness Index,
which provides important insights into how the industry is
reliably, efficiently and sustainably managing energy and water
resources. One of the prominent themes from this year’s report
focuses on the leading role that utilities have in transforming the
way we manage and use these resources around the globe,” said
Philip Mezey, Itron president and chief executive officer. “In the
age of the Internet of Things and smart cities, it is becoming
clear that utilities have an opportunity to drive a real shift in
how they engage with consumers to enable smarter communities,
propel local economic development and better manage energy and
water. As utilities deploy new technologies and innovations to help
address the changing industry landscape, customers will look to
them for guidance.”
Key Themes from the Perception Survey
This year’s survey generated several interesting insights from
utility executives and consumers, including 10 key trends:
1. Utilities are deploying technology that can lead the age of
the Internet of Things and smart cities2. Utilities are turning to
technology to address the changing business landscape3. Consumers
want utilities to do more to connect the dots for them4. It’s not
about big data; it’s about the right data5. Cybersecurity continues
to be a concern6. Gas and electricity grids grow together7.
Addressing wasted water is a priority8. Governments have an
increasing role in shaping resourcefulness9. Next generation
workers are needed10. Everyone needs to take action to create a
more resourceful world
Energy and Water Resourcefulness Indices Findings
Similar to last year, Itron used data from third-party sources
to create two indices—the Energy Resourcefulness Index and the
Water Resourcefulness Index. The indices help to measure
country-level resourcefulness using 35 macro indicators across
three core pillars—effectiveness, efficiency and sustainability—and
ranking the countries according to their performance for each.
Within the energy index, the report found the top five
performing countries to include:
1. United States2. Germany3. Canada4. Japan5. France
Within the water index, the five leading countries included:
1. Australia—which topped the Index for the second consecutive
year2. Japan3. Germany4. France5. United States
Full survey findings are available in the 2016 Itron
Resourcefulness Index, available for download at
www.itron.com/index.
About Itron
Itron is a world-leading technology and services company
dedicated to the resourceful use of energy and water. We provide
comprehensive solutions that measure, manage and analyze energy and
water. Our broad product portfolio includes electricity, gas, water
and thermal energy measurement devices and control technology;
communications systems; software; as well as managed and consulting
services. With thousands of employees supporting nearly 8,000
customers in more than 100 countries, Itron applies knowledge and
technology to better manage energy and water resources. Together,
we can create a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160329005469/en/
Itron, Inc.Vice President, Corporate Marketing and Public
AffairsSharelynn Moore, 509-891-3524sharelynn.moore@itron.com
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