How Itron (ITRI) Will Use AI To Reduce Wildfire Risks

Itron, Inc. (NASDAQ:ITRI) is one of the 12 best mid cap AI stocks to buy according to hedge funds. On February 3, Itron, Inc. (NASDAQ:ITRI) and Toumetis announced a project in Southern California to enhance power reliability and reduce wildfire risks. The project is being carried out under the EPIC program with San Diego Gas & Electric (SDG&E). The companies intend to improve electric reliability by restoring power more quickly when outages occur and preventing outages before they happen. The project combines Toumetis’ Cascadence predictive analytics and machine learning platform with  Itron’s detailed data from smart grid devices. The system brings together data from smart meters, relay signals, substations, and other grid sensors into a single clear view.

Using advanced AI models and algorithms, the system is designed to help crews respond more quickly and identify risk sooner, mainly in high wildfire-risk areas. Another major focus is to spot warning signs early and reduce outages before they occur. By identifying electrical conditions that could lead to fires, the program supports wildfire prevention.

Don Reeves, Senior Vice President, Outcomes at Itron, Inc. (NASDAQ:ITRI), said:

“We have a strategic relationship with Toumetis to incorporate Cascadence with Itron’s waveform detection and classification agents on Gen5 Riva meters to provide grid edge analytics and operational awareness—helping utilities detect and locate precursor conditions, prioritize detection risk and restore power faster.”

Itron, Inc. (NASDAQ:ITRI) operates as a technology, service, and solutions company. It offers end-to-end solutions for managing water, energy, and smart city operations worldwide. The company operates through the Networked Solutions, Device Solutions, and Outcomes segments. It sells its products and services under the Itron brand.

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Disclosure: None. This article is originally published at Insider Monkey.