Itron has been honored as the 2016 Asia Pacific Smart Grid Solutions Company of the Year by Frost & Sullivan for its comprehensive smart grid solutions.
The award recognizes the company’s exemplary performance in 2015 as a result of its ability to address unmet customer needs and exceed their expectations with Itron’s OpenWay Riva IoT solution.
According to the analyst firm, Itron has demonstrated an ability to meet the emerging needs of the Asia Pacific smart grid solutions market with its OpenWay Riva solution.
With the OpenWay Riva solution, Itron is bringing its global experience and capabilities to the Asia Pacific’s smart grid solutions sector, addressing unmet needs including diversion detection and renewable integration.
According to the report, “the powerful distributed computing platform, coupled with its innovative adaptive communications technology running on an open, standards-compliant IPv6 network, has been met with a positive response from the market.”
The smart grid solutions market in the Asia Pacific region saw significant developments in 2015 with an increase in smart metering, demand response and grid automation investments in Japan and South Korea.
Smart grid testbeds and smart metering trials grew in Southeast Asia and Australasia. Ever-increasing migration toward urban centers and pressure to better manage resources are main drivers for these developments.
“With our OpenWay Riva solution, we are helping our customers in the Asia Pacific region and around the world unlock significant new value from their distribution system operations and customer service,” said Paul Nelsen, Itron vice president for Electricity, Asia Pacific.
“The solution delivers new value in distribution system efficiency, reliability, safety and new services, allowing our customers to manage energy and water more resourcefully,” Nelson added.
Itron has also been ranked the leader in the Navigant Research Leaderboard Report for Utility Field Area Networking (FAN).
Itron received high marks in the report for its vision and product portfolio, including its OpenWay Riva IoT solution.