Itron, Inc. has announced a new contract with the Hellenic Electricity Distribution Network Operator S.A. (HEDNO) to enhance grid modernization efforts in Greece. The agreement, signed on May 28, 2025, will see Itron deploying its Grid Edge Intelligence portfolio to improve customer experience and modernize the Greek electric grid. This includes implementing Itron's Enterprise Edition Meter Data Management system to manage 7.7 million meters, along with the Utility IQ headend system for nearly 1 million new smart meters. The initiative aims to increase operational efficiency, integrate more distributed energy resources, and support Greece's long-term goals, including achieving net-zero emissions by 2050.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.