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Itron, Inc. (NASDAQ:ITRI), the intelligent infrastructure provider for modern energy and water management, and Crytica Security announced a strategic technology collaboration to advance rapid cyber threat detection and
Itron announced the launch of IEE Cloud AI, a cloud-native evolution of its Meter Data Management platform integrated with its Intelligent Edge Operating System. The solution offers utilities AI-enabled workflows, near real-time data processing, and scalability to transform meter and grid edge data into actionable intelligence. Available globally in January 2027, it aims to reduce IT complexity and unlock greater value from advanced metering infrastructure investments.
Smart metering in Latin America and the Caribbean is experiencing significant growth, with the installed base of smart electricity meters forecast to increase from 17.3 million units in 2024 to 61.3 million units by 2030, representing a 23.5% compound annual growth rate. Brazil and Mexico are leading the market, accounting for over 65% of annual meter demand. Key drivers include grid modernization efforts, electricity theft reduction, and supportive government policies. Major utilities like Cemig, COPEL, Enel, and CPFL are expanding investments in advanced metering infrastructure.