Sense, the leader in real-time home energy intelligence, announced it has teamed up with Itron, which is innovating the way utilities and cities manage energy and water as a distributed intelligence (DI) partner. The Sense application runs on Itron DI-enabled smart meters and leverages Itron’s DataHub, a secure, scalable, cloud-based platform that allows consumers to seamlessly use the Sense mobile app without having to purchase additional hardware.
Itron’s announcement builds on Sense’s existing partnerships with an industry-leading smart meter and hardware manufacturers. By embedding intelligence in upgradeable software, these core components of the energy infrastructure can adapt over time and connect to the evolving smart devices consumers are embracing, all without replacing the hardware.
“Sense was developed to make homes safer and more efficient. We have always known that the fastest route to market adoption is to integrate our core technology into the infrastructure of homes. We are excited to be working with Itron and leveraging their innovative DI-enabled smart meters to empower consumers with the real-time data and engaging consumer applications they need to manage household energy, reduce their energy bills, and accelerate greater efficiency and electrification of their homes said Mike Phillips, CEO of Sense. “With over 65 million upgrades expected by 2027, Sense is poised to grow to more than a quarter of U.S. homes.”
Led by machine learning pioneers, Sense’s mission is to reduce global carbon emissions by making homes smarter and more efficient. Sense uses high-resolution waveform data, machine learning, and AI to deliver rich, real-time consumer applications that give people insights into energy use in their homes and are increasingly being used for automation as home appliances become connected. By integrating this technology with meters, Sense, for the first time, enables utilities to provide a detailed, real-time view of each customer’s energy consumption.
Itron’s robust DI platform enables innovators to build open, interoperable, value-driven applications on Itron’s secure platform that evolves with market and consumer demands. To date, Itron has shipped more than 5 million DI-enabled gauges integrated into Itron’s DI platform. The Sense application will be available on Itron’s DI platform by the end of Q3 2023.
The rapid rollout of next-generation smart meters will bring intelligence to millions of homes. According to the Guidehouse, global smart meter adoption will increase from about 44% by the end of 2020 to 56% by the end of 2028, resulting in over 1.2 billion devices worldwide. Investments in inside-the-meter analytics will grow at a CAGR of 13.3%, and demand-side management and energy efficiency solutions will grow to nearly $5.4 billion from about $1.6 billion in 2021 -dollars will rise in 2030.
