CESC Wins Smart Grid Project of the Year With Silver Spring Networks
September 21 2016 - 7:07PM
Business Wire
Setting the Bar in India for Highly Reliable
and Secure IoT Platforms While Improving Energy Service, Fueling
Future Innovation in Kolkata
CESC Limited, India’s leading fully integrated electrical
company with over 2.9 million customer connections and serving over
17 million people in the state of West Bengal, today won the ‘Smart
Grid Project of the Year’ award at the Asian Power Awards for its
program with Silver Spring Networks, Inc. (NYSE: SSNI). Silver
Spring is deploying StarfishTM, its IPv6 public cloud IoT network
and data platform, for CESC in Kolkata for Advanced Metering
Infrastructure (AMI) and Distribution Automation (DA) applications.
Through Silver Spring’s Operations Optimizer solution, a powerful
analytics application that creates insights from a variety of data
sources, the program will further help CESC improve grid
reliability, reduce energy loss and ensure billing accuracy.
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Silver Spring and CESC are also collaborating through Starfish
to offer smart grid and smart city services to other organizations
in West Bengal and throughout India. Starfish can help utilities,
energy service providers, cities, commercial enterprises and
developers access a reliable, secure and scalable IoT network and
data platform that has already connected millions of devices on
five continents.
“IoT is central to CESC’s strategy to modernize Kolkata and its
surrounding areas to increase the value of service, drive new
customer and city applications, and unleash creativity for new
applications that the industry has not yet developed,” said
Sanjiv Goenka, Chairman, CESC. “We’re extremely proud to
have been acknowledged by the industry as the ‘Smart Grid Project
of the Year’ for our work with Silver Spring Networks. It is
through innovation like theirs that we aim to expand our services
to, and improve the quality of life of, our customers.”
“New innovations in technology are heightening customer
expectations for services such as energy management and city
operations. CESC has recognized that global trend and set the bar
for world-class services in India through modernization of their
grid using IoT technology that is proven, reliable, secure and
scalable,” said Eric Dresselhuys, Co-founder and EVP of Global
Development, Silver Spring Networks. “We congratulate CESC on
its initiative to create a new benchmark for performance and
reliability in India, on par with some of the top utilities in the
world, and we look forward to continuing our partnership to help
offer new applications in the future.”
For more information, visit www.ssni.com/starfish
About CESC
CESC Limited is one of India’s leading vertically integrated
utilities, providing energy in and around the twin metropolises of
Kolkata and Howrah. It serves 2.9 million consumers covering an
active urban population of more than 17 million people across a
service territory of 567 square kilometers. CESC is the flagship
company of RP Sanjiv Goenka Group, one of the top industrial houses
in India.
About Silver Spring Networks
Silver Spring Networks is a leading networking
platform and solutions provider for smart energy networks. Silver
Spring’s pioneering IPv6 networking platform, with over 24.3
million Silver Spring enabled devices delivered, is connecting
utilities to homes and businesses throughout the world with the
goal of achieving greater energy efficiency for the
planet. Silver Spring’s innovative solutions enable utilities
to gain operational efficiencies, improve grid reliability,
and empower consumers to monitor and manage energy consumption.
Silver Spring Networks’ customers include major utilities around
the globe such as Baltimore Gas & Electric, CitiPower &
Powercor, Commonwealth Edison, Consolidated Edison, CPS Energy,
Florida Power & Light, Jemena Electricity Networks Limited,
Pacific Gas & Electric, Pepco Holdings, Progress Energy, and
Singapore Power, among others. To learn more, please
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 and benefits of Silver Spring’s engagement with CESC.
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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version on businesswire.com: http://www.businesswire.com/news/home/20160921006364/en/
RP Sanjiv Goenka GroupJoyneel Mukherjee, +91 33 6634
0415joyneel.mukherjee@rp-sg.inorSilver Spring NetworksAmy Cook, +1
669-770-4183Global Communicationspr@ssni.com
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