Story perspectives

Itron Acquires Urbint for $325M to Boost Utility Resilience

11/6/2025

38 5

Summary

Story summary

Itron, Inc. announces a $325 million acquisition of Urbint, signaling a shift in the utility market toward startups.
Urbint's AI technology aims to improve infrastructure safety and operational efficiency.
Corey Capasso, Urbint's chief executive officer, says startups must tackle utilities' existential challenges, such as aging infrastructure and extreme weather.
The demand for resilience-based solutions is rising as climate-related disasters cost the U.S. nearly $150 billion annually.

1 of 1

Story summary

Itron, Inc. announces a $325 million acquisition of Urbint, signaling a shift in the utility market toward startups.
Urbint's AI technology aims to improve infrastructure safety and operational efficiency.
Corey Capasso, Urbint's chief executive officer, says startups must tackle utilities' existential challenges, such as aging infrastructure and extreme weather.
The demand for resilience-based solutions is rising as climate-related disasters cost the U.S. nearly $150 billion annually.