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Energy · head to head

Itron vs Novity

Itron logo

Itron

Energy

Smart metering and utility network solutions

From
On request
Rated
-
Full reviewWebsite
Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Itron no pricing table, licensing model, subscription term or cost driver is published anywhere on the site; the only route is a contact form; Novity novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • They diverge on capability: Itron covers Smart meter infrastructure, Novity covers TruPrognostics engine.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Itron and Novity actually diverge.

Attributes where Itron and Novity differ
AttributeItronNovity
PlatformsWeb, Mobile, ApiWeb, Cloud
Founded1977Unknown

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Itron

  • Smart meter infrastructure
  • Meter data management
  • Advanced metering analytics
  • Distribution automation
  • Network monitoring
  • Demand response
  • Customer engagement
  • Revenue protection

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

What people use each for

The jobs each tool is most often brought in to do.

Itron

  • Grid edge visibility and control for electricity utilitiesnot Novity
  • Distributed energy resource management through IntelliFLEX DERMSnot Novity
  • Water utility metering and service recoverynot Novity
  • Field crew hazard identification at the point of worknot Novity

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot Itron
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot Itron
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot Itron
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot Itron

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Itron

  • No pricing table, licensing model, subscription term or cost driver is published anywhere on the site; the only route is a contact form
  • The site publishes no distinction between subscription and perpetual licensing for its platform products
  • DER management is delivered as a separate IntelliFLEX DERMS product rather than as part of a single platform licence

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Pricing, plan by plan

Itron

On request

No published plan breakdown. See the Itron review.

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Which should you pick?

Choose Itron if

  • You need smart meter infrastructure.
  • You work on Web, Mobile, Api.
  • You also want meter data management.
Itron review

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Questions people ask

Is Itron or Novity better?
Neither clearly leads. Itron starts at On request and Novity at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Itron or Novity?
Itron starts at On request and Novity at On request.
Does Itron or Novity run on more platforms?
Itron runs on Web, Mobile, Api. Novity runs on Web, Cloud.
What is Itron best used for?
Itron is most often used for grid edge visibility and control for electricity utilities, distributed energy resource management through intelliflex derms, water utility metering and service recovery, field crew hazard identification at the point of work. Of those, grid edge visibility and control for electricity utilities and distributed energy resource management through intelliflex derms are not what Novity is typically brought in for.
What can Itron do that Novity cannot?
Itron covers Smart meter infrastructure, Meter data management, Advanced metering analytics, Distribution automation. Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life.

Answered from the vendors’ own pages

Itron: Does Itron publish pricing for their utility and infrastructure solutions?

No, Itron does not publish standardized pricing. The company operates on a consultative, customized sales model where pricing is tailored to individual utility and regional needs.

Source
Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

Itron: How do I get a quote from Itron?

Contact Itron directly through their website contact form or reach out to channel partners through their partner locator. Existing customers can access quotes through the customer portal at customer.itron.com.

Source
Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

Itron: Is there a trial or pilot program available?

Itron does not advertise a trial period on their website. Given the enterprise nature of their solutions, evaluation typically begins through direct sales engagement.

Source
Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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