Silver Spring Networks & Florida Power & Light Company Showcase Success of Pioneering ‘Energy Smart Florida’ Grid Moderni...
April 24 2013 - 4:30PM
Business Wire
Today Silver Spring Networks, Inc. (NYSE: SSNI) joined
representatives of Florida Power & Light Company (FPL), General
Electric (NYSE: GE), and the U.S. Department of Energy in a
ceremony to celebrate the success of FPL’s pioneering ‘Energy Smart
Florida’ initiative and to demonstrate the benefits of advanced
smart grid networks at FPL’s Performance and Diagnostic Center. FPL
was one of the first utilities to take a “network first” approach
to grid modernization and proactively make the infrastructure
investments that today enable greater energy efficiency and
improved service reliability, while giving customers more control
over the energy they use. In the initial phase of the multi-year
‘Energy Smart Florida’ initiative, FPL and Silver Spring
successfully connected more than 4.5 million FPL customers to the
first smart grid network of its kind, helping them reap the
benefits of this infrastructure modernization investment.
“FPL is a true industry leader – its vision to put a network at
the heart of its smart grid transformed the way the industry thinks
about grid modernization and positions FPL to continue delivering
long-term innovation on behalf of its customers,” said Daniel J.
Middlleton, Executive Vice President of Sales, Silver Spring
Networks. “What started with 100,000 homes in Broward County now
serves more than 4.5 million homes and businesses across Florida.
We’re proud that millions of residents now benefit from improved
service reliability, better outage prevention and speedier
restoration, and greater ability to manage and control their energy
consumption.”
“FPL and Silver Spring began this journey with the common vision
that a single, cornerstone network platform would enable a
multitude of smart energy services for our customers – and we are
thrilled to have completed this initial phase of the program ahead
of schedule and in record time,” said Bryan Olnick, FPL’s vice
president of Customer Service Smart Grid Solutions. “An open,
standards-based networking platform was essential to the success of
the ‘Energy Smart Florida’ program. But this is only the beginning;
we now have a foundation for a wide array of future smart grid
services delivering increased value to our customers.”
Silver Spring’s standards-based networking platform unlocks more
value by enabling multiple smart grid applications to be deployed
atop a single network. In addition to advanced energy metering, FPL
is also leveraging Silver Spring’s smart grid networking platform
for Distribution Automation and advanced Smart Grid Analytics
solutions. New devices and sensors deployed on the smart grid, and
data-driven operational insights gained from innovative analytics,
expand the functionality and performance of FPL’s distribution
system, increasing reliability and reducing operations and
maintenance costs. These investments are helping FPL be much more
proactive in managing its power systems and continue improving the
value FPL delivers to customers.
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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 15.8 million
Silver Spring enabled devices delivered, is connecting utilities to
homes and business 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, CPS Energy, Florida Power & Light, Jemena
Electricity Networks Limited, Pacific Gas & Electric, Pepco
Holdings, Inc., and Progress Energy, among others. To learn more,
please visit www.silverspringnet.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
Silver Spring’s engagement with Florida Power & Light.
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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