Million Communication Devices

Itron has delivered over 200 million communication devices


Billion Dollars

in 2020 revenue


Water Endpoints

In North America, Itron has installed 18,000 water endpoints and 10,700 leak sensors, which helped identify over 1,500 gallons per minute of service link leaks

The Path to Drawdown:  Water Distribution Efficiency

Water utilities are among the largest consumers of electricity globally, accounting for about 1% of total electricity use in the world. Up to 80% of that energy is used for pumping water alone. But ~35% of that water is wasted in the distribution network through pipe leakage, meter error, and unauthorized consumption. This dramatically reduces the supply of water over time and produces unnecessary emissions. 

Water efficiency solutions can minimize this leakage. Two major solutions are pressure management and active leak detection. Pressure management involves installing pressure valves at water inlets and outlets to better monitor water flow and pressures, and leads to reductions in pipe bursts and leaks. Addressing leaks takes financial investment, but it’s the cheapest way to source new supply, serve growing urban populations, and reduce emissions.

Project Drawdown estimates that, if 38-47% of the global water distribution network can adopt pressure management and leak detection solutions, they can reduce CO2e emissions by 0.66 - 0.94 gigatons between 2020 and 2050. That’s an emissions reduction equivalent to taking close to 204.5 million passenger vehicles off the road for one year.


Itron (stock ticker: ITRI) is a technology company that offers products and services on energy and water resource management. Its products and services include technology and control devices that measure and analyze electricity, gas and water consumption. Headquartered in Liberty Lake, Washington, they have customers in over 100 countries.

ITRI’s Role in Drawdown

Itron provides efficiency-enhancing solutions to electricity, gas and water utilities and users. These solutions include technology, software, and services which can be delivered as part of a stand-alone, one-time purchase or end-to-end solution over multiple years. 

The portfolio includes hardware products used for measurement, control, or sensing with and without communications capability; a combination of endpoints and network infrastructure with embedded intelligence that’s designed and sold as a complete solution to acquire and transport application-specific data; and value-added services, software, and products that analyze and interpret data to gain insights, make decisions, and inform actions.

For water utilities, Itron’s smart water solutions help reduce water losses and improve operational efficiency. Their water measurement and management products span customer service and web portal software, data management systems, smart meters, remove shutoff valves, pressure and temperature sensors, leak and theft sensors, and wastewater and flood sensors.

ITRI: What We Like

We commend Itron for taking the initial steps to improve their sustainability and reduce their carbon footprint. They have committed to set sustainability targets in the next few years, including:

  • Launching four ESG operating pillars in 2019 and refined the way they approach ESG commitments. They also began their alignment with the United Nations’ Sustainable Development Goals
  • Setting scope 1-3 emissions targets and reporting and validating these metrics down to the site, solution and product levels

On top of these plans, Itron has already begun cutting their GHG emissions. Their overall emissions have decreased modestly by 9.2% since 2018, or over 2,000 metric tons of CO2e. That’s the equivalent of 460 passenger cars being taken off the road for one year.

ITRI: What We Want to See Improve

Stop Enabling Gas Utilities

About a quarter of Itron’s sales revenue comes from selling hardware and software products to gas utilities. While we acknowledge that a more efficient use of gas by utilities and consumers is an economic win, enabling these companies is a loss from the sustainability perspective. We would like Itron to wind down their gas market, and instead focus on their customers in the electricity and water markets.

Transition Completely to Clean Energy

About a quarter of Itron’s energy use comes from nuclear and renewable sources. Their direct and indirect energy use still relies heavily on natural gas, fuel oil, propane, and non-renewable electricity. We urge Itron to transition completely to clean energy as soon as possible so as to reduce their scope 1 and 2 emissions.

Set Targets for Absolute Emissions Reductions

While we are encouraged by Itron’s plan to set emissions targets in the coming years, they haven’t discussed what these targets would look like. We urge them to steer clear of commitments to reduce emissions intensity, which is a relative measure and doesn’t necessary mean genuine cuts, and instead set targets for absolute reductions.

Other Water Efficiency Stocks in the Climate Index

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