StockNews.AI
ITRI
StockNews.AI
147 days

Itron and the City of Helsingborg Collaborate to Create a Smart, Sustainable and Data-Driven City

1. Itron collaborates with Helsingborg for smart city development. 2. Deploying 670 Networked Lighting Controllers for 30,000 streetlights. 3. Smart lighting saves energy and enhances public safety. 4. Project aligns with Nordic Innovation’s sustainability goals for 2030. 5. CityEdge software supports various smart city use cases.

7m saved
Insight
Article

FAQ

Why Bullish?

Itron's partnership with Helsingborg indicates strong demand for smart city solutions, similar to their previous contracts with other municipalities which often resulted in increased revenue streams and market recognition.

How important is it?

The project showcases Itron's technological leadership and aligns with global sustainability trends, likely boosting investor confidence and interest in ITRI.

Why Long Term?

The project's planned duration through 2027 indicates a steady growth potential, enhancing Itron's market position in the smart city sector over time.

Related Companies

CSCOADIGESIEMR
LIBERTY LAKE, Wash., March 25, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working together with the City of Helsingborg in Sweden to deploy Itron’s CityEdge portfolio as the initial phase of the city’s project to create a smart and sustainable city. To accomplish its project goals, the City of Helsingborg, which has just over 150,000 residents, will deploy Itron Networked Lighting Controllers (NLCs) on the initial phase of their 30,000 streetlights, and various sensors throughout the city which utilize Itron’s world leading central management software. As part of the City of Helsingborg’s Action Plan for Street Lighting and IoT 2021-2027, the city is upgrading its lighting system and modernizing its operations with more energy-efficient and smarter solutions. With Itron’s CityEdge central management software and the initial 670 Itron NLCs embedded with wireless communications, the city can remotely control and monitor its streetlights, creating a modernized, energy-efficient solution. Deployment is projected to kick off in early 2025. Using the intelligent dimming feature of the NLCs, the city can adjust the brightness of the streetlight based on the time of day and/or traffic volume, helping to increase the safety of the community and creating better visibility at night. Additionally, the smart streetlights have outage alarms that alert the maintenance crews of streetlight outages via the CityEdge platform software, which can be accessed through the web and/or mobile device. Deployment of the Itron solution aligns with Nordic Innovation, an organization under the Nordic Council of Ministers that supports the prime ministers’ vision that the Nordic region will become the most sustainable integrated region in the world by 2030. As the CityEdge platform is an open ecosystem, the platform can support a range of smart city devices and use cases. Beyond smart lighting, it can support a variety of use-cases within several domains, including traffic and highways, public safety, environmental and sustainability and energy. With a plethora of supported use cases, the City of Helsingborg can leverage the Itron solution to support the Nordic Innovation in its vision to become the most sustainable and integrated region in the world by 2030. “The City of Helsingborg was named one of Europe’s most innovative cities in 2020. Upgrading our streetlight operations is an important step on our journey towards an even more innovative city. Like many cities across the world, the City of Helsingborg is addressing challenges related to sustainability and climate disruption. We pride ourselves on establishing a high quality of life for our community and we do that through continuously seeking our new solutions to make our city more innovative, sustainable and accessible”, said Alexander Svensson, chairman of the urban planning committee in the city of Helsingborg. “As we begin modernizing our lighting and infrastructure across the city, we look forward to leveraging Itron’s CityEdge portfolio and exploring the possibilities of creating a data-driven and vibrant city.” “It’s known within our industry that public lighting can consume a vast amount of a municipality or city’s energy budget. Smart street lighting, contributes to solving challenges related to public safety and unnecessary energy consumption, that cities such as Helsingborg face. Our CityEdge portfolio will benefit Helsingborg by enabling the city to lower its energy consumption while improving quality of life for its citizens,” said John Marcolini, senior vice president of Networked Solutions at Itron. “The CityEdge platform is a leader in the market and chosen by more than 500 communities across the globe for good reason. Its open ecosystem design enables cities to address new or local challenges as they arise. Deploying this solution for the first use-case sets cities up for the future as they can continuously address new challenges all within a single platform.” About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com. Itron®, the Itron Logo are registered trademarks of Itron Inc. in the United States and other countries and region. 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. For additional information, contact: Itron, Inc. Alison MallahanSenior Manager, Corporate Communications509-891-3802PR@Itron.com Paul VincentVice President, Investor Relations512-560-1172Investors@itron.com Itron, Inc. LinkedIn: http://www.linkedin.com/company/itronincX: www.x.com/itronincNewsroom: https://itron.com/newsroomBlog: https://itron.com/blog

Related News