SAN JOSE, Calif.--(BUSINESS WIRE)--
Silver Spring Networks, Inc. (NYSE: SSNI) today announced that Baltimore Gas and Electric (BGE) will leverage its Silver Spring IPv6 smart grid platform to connect new devices in their distribution system. The existing Silver Spring multi-application platform will connect approximately 3,000 automated reclosers and 4,800 capacitor controls to enhance BGE’s Smart Grid across its 2,300 square mile service territory. Additionally, Silver Spring will host its GridScape® Network Manager for BGE as Software-as-a-Service to support out-of-band and in-band management for polling, event management, diagnostics, real-time visualization and auditing across all grid management devices.
The expanded grid management solution is estimated to eliminate approximately 2 million interruptions for BGE customers per year. In addition to supporting these critical intelligent devices, Silver Spring’s fifth generation platform – Gen5 – is interoperable with previous generations of Silver Spring technology deployed for BGE, and can be used to support additional operational improvements such as automated fault locating to help improve overall system reliability.
“Our focus is on ensuring BGE customers are served by the most reliable and efficient energy systems,” said Michael Butts, Director of Transmission and Substation Engineering, BGE. “Since 2010, we have deployed flexible, scalable solutions from Silver Spring Networks, like the IPv6 platform, that are enabling us to significantly improve grid operations and reliability.”
“We are honored to be able to continue building on our long-standing partnership with BGE by supporting their large scale, visionary grid management projects,” said Matt Smith, Senior Director, Smart Grid Management, Silver Spring Networks. “Our goal is to provide our customers with proven, open standards-based connectivity solutions including the low latency, high data rate and multi-layer security that are necessary for distribution automation devices, which allow them to modernize their distribution infrastructure and delivery of services to their customers. We feel this latest roll-out by BGE is a prime example of this.”
In order to better serve its more than 1.25 million customers and meet Maryland’s energy efficiency and conservation goals, BGE deployed Silver Spring IPv6 platform for its AMI Smart Grid Program beginning in 2010 as part of its effort to streamline operations, improve customer service and increase reliability. BGE estimates cost savings of more than $1.5 billion for customers through smart grid applications delivered on a single, unified platform.
Silver Spring helps utilities on five continents deploy smart energy programs including distribution automation programs for ComEd, CPFL Energia, CPS Energy, Florida Power & Light, Pepco Holdings Inc., Sacramento Municipal Utility District and WEL Networks.
For more information on Silver Spring’s smart grid management offerings, please visit www.ssni.com/solutions/smart-utilities/grid-management/.
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About Silver Spring Networks
Silver Spring Networks enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and companies on five continents use the company’s cost-effective, high-performance IoT network and data platform to operate more efficiently, get greener, and enable innovative services that can improve the lives of millions of people. With more than 24.9 million devices delivered, Silver Spring provides a proven standards-based platform safeguarded with military grade security. Silver Spring Networks’ customers include Baltimore Gas and Electric, CitiPower & Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, and Singapore Power. Silver Spring has also deployed networks in Smart Cities including Copenhagen, Glasgow, Paris, Providence, and Stockholm. To learn more, visit www.ssni.com.
Forward-Looking Statements
This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope, benefits, and timing of Silver Spring’s engagement with Baltimore Gas and Electric. Statements including words such as "anticipate", "believe", "estimate", "expect" or “future” and statements in the future tense are forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions, which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in Silver Spring Networks' documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Silver Spring Networks as of the date hereof. Silver Spring Networks assumes no obligation to update these forward-looking statements.
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