CURITIBA CITY, Brazil & SAN JOSE, Calif.--(BUSINESS WIRE)--
Today at the SENDI Brazil 2016 Conference, Silver Spring Networks, Inc. (NYSE: SSNI) and CPFL Energia, Brazil’s largest private-sector electricity company, announced the expansion of CPFL’s Distribution Automation (DA) program with Silver Spring. Covering 305 cities across more than 100,000 km² of CPFL’s service territory in São Paulo state, Silver Spring and CPFL’s program is believed to be one of the world’s largest DA deployments when measured by service territory, and is built upon Silver Spring’s IPv6 platform deployment for Advanced Metering Infrastructure for ‘Grupo A’ customers in the region. The CPFL program will expand on CPFL’s current Silver Spring deployment of 640 reclosers to connect an additional 3,700 reclosers, helping to improve service reliability for consumers, while speeding up fault detection and accelerating system restoration.
“As part of the CPFL technology infrastructure modernization program, we have focused a large proportion of our investment on this smart grid program,” said Caius Vinicius Malagoli, Engineering Director, CPFL Energia. “CPFL’s success leading the first commercial-scale smart grid deployment in Brazil is based on the Silver Spring IPv6 network platform, whose benefits are already apparent to our customers.”
“CPFL leads the Brazilian energy sector with the deployment of its smart grid, which improves network operational efficiency, benefitting CPFL’s industrial and commercial customers and their residential users,” said Gadner Vieira, General Manager, Silver Spring Networks Brazil. “We are very excited to be able to support CPFL as it leverages the existing platform to expand these improvements throughout its coverage area and extend the benefits of smart grids to its customers.”
By implementing Silver Spring’s two-way platform for smart grid applications, CPFL aims to increase network reliability, speed up response times, and optimize its field operations. According to CPFL, the Silver Spring platform will replace CPFL’s cellular-based GSM solution, which offered less than 80% coverage and required monthly service fees. As a result, CPFL expects to realize performance, operational and reliability benefits including:
- Faster restoration response times through the high-availability control and supervision offered by the distribution network reclosers.
- Optimization of on-site team provisioning, mainly during massive energy outages.
- Increased coverage, reliability and security at a lower total system cost based on Silver Spring’s IPv6 wireless networking and solutions platform.
Silver Spring works with utilities on five continents to implement smart energy programs and is helping utilities, including Baltimore Gas & Electric, ComEd, CPS Energy, Florida Power & Light, Pepco Holdings Inc., Sacramento Municipal Utility District and WEL Networks, deploy a range of DA solutions.
To learn more, please visit Silver Spring at the 2016 SENDI Brazil Conference – Booth #2 - from November 7-10 in Curitiba City, Brazil. For additional information on Silver Spring’s DA solutions, please visit www.silverspringnet.com/solutions/da-devices/.
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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 & 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.
About CPFL Energia
CPFL Energia, has been operating in the electricity sector for 103 years, in the segments of distribution, generation, commercialization, services and telecommunications. It is a leader in the distribution market with 13% participation, a total of more than 7.8 million customers in 561 cities of the states of São Paulo, Rio Grande do Sul, Minas Gerais and Paraná. In commercialization, it is a leader in the free market, with 14,1% market share in sales to final consumers among energy trading companies. It is a leader in the commercialization of special energy to free customers. In generation, it is the second largest private operator in the country with a portfolio based on clean, renewable sources. CPFL Geração has 2,248 MW of capacity installed, considering their equivalent share in each of the generation assets. In 2011, it created CPFL Renováveis, with assets such as small hydro power plants, wind farms, biomass power plants and solar power plant Tanquinho, a pioneer in the state of São Paulo, and one of the largest in Brazil. Adding the equivalent stake in CPFL Renováveis, the total installed capacity of CPFL Group reached 3,144 MW at the end of the second quarter of 2016. The group also occupies a prominent position in art and culture, among largest Brazilian investors.
CPFL Energia has shares listed on the New Market of BM & Fbovespa and Level III ADRs on the NYSE, as well as participating in the Dow Jones Sustainability Index Emerging Markets and Morgan Stanley Capital International Global Sustainability Index (MSCI). For the 11th consecutive year, the company’s shares are part of the Corporate Sustainability Index (ISE) of BM & FBovespa.
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 and benefits of Silver Spring’s engagement with CPFL Energia. 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 the successful implementation of the engagement with CPFL Energia, as well as 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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