PG&E and Itron are collaborating to enhance grid reliability, reduce wildfire risks, and ease home electrification through innovative technologies.
Quiver AI Summary
Pacific Gas and Electric Company (PG&E) and Itron are enhancing their collaboration to improve California's energy landscape by integrating Itron's Grid Edge Intelligence solutions. This development aims to facilitate home electrification for customers, notably making it easier and more affordable to install Level 2 EV chargers by mitigating costly electrical upgrades. The innovative technology will provide real-time insights into grid operations, helping PG&E detect and address potential issues quickly, thereby reducing wildfire risks and enhancing outage response. With plans to deploy up to 1,000 new Itron devices by 2026, this partnership is designed to optimize grid performance while keeping customer costs down, ultimately creating a more resilient and flexible electric grid.
Potential Positives
- Collaboration with Itron is set to enhance PG&E's grid reliability and safety, reducing wildfire risks and improving outage response times through real-time grid awareness.
- Deployment of up to 1,000 Itron grid edge devices will facilitate home electrification and make EV charging easier and more affordable for customers, potentially removing significant barriers to EV ownership.
- The initiative is partially funded through PG&E's Electric Program Investment Charge (EPIC), which demonstrates the company's commitment to innovation and sustainable technologies for the benefit of California’s electric customers.
- Enhanced load management capabilities will allow PG&E to optimize existing infrastructure, helping to keep customer rates down while supporting the growing demand for electric technologies.
Potential Negatives
- Reliance on new technology: The press release emphasizes PG&E's dependence on Itron's grid edge solutions, which may raise concerns about the reliability and effectiveness of these technologies in addressing the significant issues facing the utility sector.
- Potential delays or costs: The transition to this new technology, while aiming to reduce operational costs, could nonetheless result in unexpected delays or financial implications that may impact customer rates and service reliability during the implementation phase.
FAQ
What is the main purpose of PG&E and Itron's collaboration?
The collaboration aims to transform the energy landscape, enhance customer experience, reduce wildfire risk, and create a more reliable grid.
How does Itron's technology benefit EV charging at home?
Itron's technology allows home Level 2 EV chargers to operate within electrical limits, avoiding costly upgrades and making charging more affordable.
What advantages does distributed intelligence offer to PG&E?
It provides real-time grid awareness, helps in wildfire mitigation, and improves load management to enhance safety and efficiency in operations.
How many Itron devices does PG&E plan to install?
PG&E intends to install up to 1,000 new Itron devices through 2026, with potential plans to scale to hundreds of thousands.
What funding supports this collaboration between PG&E and Itron?
The collaboration is partially funded through PG&E's Electric Program Investment Charge (EPIC) aimed at demonstrating new technologies for electric utilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ITRI Insider Trading Activity
$ITRI insiders have traded $ITRI stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:
- THOMAS DEITRICH (President & CEO) has made 0 purchases and 2 sales selling 3,536 shares for an estimated $392,684.
- JOAN S HOOPER (SVP & CFO) has made 0 purchases and 2 sales selling 1,918 shares for an estimated $213,035.
- DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 4 sales selling 1,609 shares for an estimated $171,102.
- JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 2 sales selling 1,118 shares for an estimated $124,166.
- JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 2 sales selling 767 shares for an estimated $85,194.
- CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 2 sales selling 694 shares for an estimated $77,084.
- LAURIE ANN PULATIE-HAHN (SVP, HR) has made 0 purchases and 3 sales selling 296 shares for an estimated $33,928.
- DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) has made 0 purchases and 2 sales selling 210 shares for an estimated $23,319.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ITRI Revenue
$ITRI had revenues of $581.6M in Q3 2025. This is a decrease of -5.5% from the same period in the prior year.
You can track ITRI financials on Quiver Quantitative's ITRI stock page.
$ITRI Hedge Fund Activity
We have seen 210 institutional investors add shares of $ITRI stock to their portfolio, and 240 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 495,985 shares (+210.6%) to their portfolio in Q3 2025, for an estimated $61,779,891
- PGGM INVESTMENTS removed 362,558 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $45,160,224
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 295,712 shares (-98.3%) from their portfolio in Q3 2025, for an estimated $36,833,886
- NATIONAL BANK OF CANADA /FI/ removed 250,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $31,140,000
- SQUAREPOINT OPS LLC removed 244,770 shares (-73.8%) from their portfolio in Q3 2025, for an estimated $30,488,551
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 241,067 shares (+40.6%) to their portfolio in Q3 2025, for an estimated $30,027,305
- IMPAX ASSET MANAGEMENT GROUP PLC removed 233,802 shares (-14.7%) from their portfolio in Q4 2025, for an estimated $21,710,853
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ITRI Analyst Ratings
Wall Street analysts have issued reports on $ITRI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 10/16/2025
To track analyst ratings and price targets for $ITRI, check out Quiver Quantitative's $ITRI forecast page.
$ITRI Price Targets
Multiple analysts have issued price targets for $ITRI recently. We have seen 5 analysts offer price targets for $ITRI in the last 6 months, with a median target of $130.0.
Here are some recent targets:
- Noah Kaye from Oppenheimer set a target price of $125.0 on 01/27/2026
- Martin Malloy from Johnson Rice set a target price of $130.0 on 01/05/2026
- Ben Kallo from Baird set a target price of $118.0 on 10/31/2025
- Mark Strouse from JP Morgan set a target price of $155.0 on 10/16/2025
- Tommy Moll from Stephens & Co. set a target price of $130.0 on 10/07/2025
Full Release
OAKLAND, Calif. and LIBERTY LAKE, Wash., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Pacific Gas and Electric Company (PG&E) and Itron are embarking on the next phase of their collaboration to transform the energy landscape, enhance the customer experience, reduce wildfire risk and create a more reliable and flexible grid. Building on the companies’ existing EV Connect collaboration , PG&E is further integrating and deploying Itron’s Grid Edge Intelligence solutions to help:
- Make home electrification easier and more affordable for customers
- Reduce operations and maintenance costs by getting more value and performance from its existing electric infrastructure, helping drive down customer rates
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Strengthen its ability to detect and predict grid conditions—reducing wildfire risks and speeding outage response
"This collaboration is about innovating to improve the lives of California's families and businesses,” said Mike Delaney, Vice President, Strategy & Innovation, PG&E. “By using grid-edge technology and real-time data, we can make it easier for our customers to charge an EV at home and for us detect potential problems with equipment early, allowing PG&E crews to investigate the issue and prevent outages or wildfires before they happen.”
“This collaboration between PG&E and Itron is paving the way for a more resilient and adaptive grid,” said Don Reeves, senior vice president, Outcomes at Itron. “By leveraging peer-to-peer communications within our distributed intelligence platform, we’re enabling devices to work together locally, making real-time decisions that improve safety, reliability and customer experience. This approach not only accelerates electrification but also empowers utilities to optimize operations and respond faster to changing grid conditions.”
Making Customer EV Charging and Home Electrification Easier and More Affordable
Today, many customers who want to install a fast Level 2 EV charger at home require major electrical upgrades first. These upgrades can cost thousands of dollars and take months to complete. Grid edge intelligence changes that.
Using distributed intelligence, Itron grid edge devices can connect directly to a compatible Level 2 charger. The device then automatically adjusts charging speeds based on the home’s electrical limits and local grid conditions. This protects the customer’s electric panel and helps avoid the need for costly upgrades.
For many customers with smaller panels, especially those under 150 amps, this technology could remove one of the biggest barriers to owning an EV.
While the first use case focuses on EV charging, this program could eventually support other home appliances—like heat pumps or electric water heaters—without requiring panel or service upgrades, helping make home electrification more affordable.
Leveraging distributed intelligence, PG&E and Itron can coordinate energy use inside the home and across the grid. This approach unlocks more value from existing infrastructure and helps customers electrify their homes at a lower cost.
A Smarter, Safer, More Flexible Grid
This strategic collaboration also brings new capabilities that help PG&E operate the grid more safely and efficiently including:
- Real-time grid awareness: Distributed intelligence applications running on Itron’s grid edge devices can respond to changes on the grid in less than one second. So, if a tree branch hits a powerline or equipment begins to fail, the device detects the change right away and sends an alert back to PG&E. This gives PG&E a near‑real‑time view of what’s happening on the grid, allowing crews to spot issues faster, reduce outage times, and adjust before small problems become bigger disruptions for customers.
- Wildfire mitigation: The devices can capture waveforms and with the distributed intelligence application can identify unusual electrical activity that could signal equipment problems. This early warning helps PG&E investigate and address potential issues sooner, reducing the risk of electrical equipment contributing to wildfires.
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Better load management:
The grid edge devices help PG&E better balance electricity demand as more customers adopt EVs, heat pumps, and other electric technologies. By using data to provide more granular visibility, PG&E can optimize its existing grid assets and limit the need for additional grid upgrades—helping to keep costs down and maintain reliable service over time.
A Collaboration Built for Innovation and Scale
PG&E intends to install up to 1,000 new Itron devices through 2026 with plans for scaling to hundreds of thousands of devices. These deployments will help shape PG&E’s long-term advanced metering infrastructure plans.
This collaboration is partially funded through PG&E's electric R&D budget under the public purpose program Electric Program Investment Charge (EPIC) . EPIC enables California investor-owned utilities to demonstrate new technologies and evaluate how they support safety, reliability and affordability, environmental sustainability and equity objectives for the benefit of all California electric customers. For more information about PG&E’s R&D and innovation efforts, visit www.pge.com/innovation .
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit
pge.com
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pge.com/news
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About Itron
Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world:
www.itron.com
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Itron and the Itron Logo are registered trademarks of Itron, Inc in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
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