Silver Spring Networks Partners with Metrix for Innovative Smart Metering-as-a-Service Model
September 18 2013 - 4:30PM
Business Wire
Silver Spring Networks, Inc. (NYSE:SSNI), a leading networking
platform and solutions provider for smart energy networks, today
announced a partnership with Metrix, a leading metering service
provider, to leverage the Silver Spring networking platform to
deliver smart metering-as-a-service to retail energy providers. The
first joint deployment between Silver Spring and Metrix will be for
Counties Power, a lines company serving more than 37,000 customers
in New Zealand’s North Island. Metrix, a division of Mighty River
Power, has successfully deployed more than 330,000 smart meters in
the greater Auckland area and is expanding into other areas to meet
the increasing demand for smart metering services.
Counties Power is leveraging Silver Spring’s Gen4 networking
technology for smart metering and smart grid deployments. In New
Zealand’s disaggregated energy market, lines companies oversee
energy distribution while energy retailers are responsible for
deploying smart meters to end customers. Counties Power and Metrix
will partner to utilise Silver Spring’s networking platform and
UtilityIQ™ head-end software to deliver smart metering-as-a-service
to their energy retailer clients.
“Metrix is proud to be partnering with Silver Spring Networks to
deliver advanced metering-as-a-service to retailers in the Counties
Power network,” said Tim O'Halloran, General Manager, Metrix.
“Silver Spring’s Gen4 technology is a proven platform and enables
our retail customers to deliver comprehensive energy information to
consumers so they can better understand their usage and, in turn,
control their bills.”
Counties Power is also expected to utilise Silver Spring’s
platform to improve the reliability and performance of its network,
enable faster outage detection and restoration, and deliver
improved power quality to its customers. On the demand side,
Counties Power’s customers will be able to take greater control of
their electricity consumption and their bills through the latest
smart grid technology.
“Counties Power looks forward to using the Silver Spring and
Metrix solution to improve the reliability and consistency of
service for our customers,” said Neil Simmonds, CEO, Counties
Power. “Counties Power will also use the platform and its new smart
meters to minimise future network capital costs and, therefore,
prices over the next decade.”
“We are delighted to collaborate with Metrix in New Zealand,
coupling the market’s most advanced technology with innovative new
business models to better serve customers,” said John Garner,
Country Manager, Australia and New Zealand, Silver Spring Networks.
“The complexity of disaggregated markets is no longer a barrier to
unlocking smart grid benefits for energy distributors, retailers,
and consumers, and we are proud to be a driving force behind this
recent market momentum.”
The joint Silver Spring and Metrix deployment with Counties
Power is scheduled to begin in late 2013.
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About Silver Spring Networks
Silver Spring Networks (NYSE:SSNI)
is a leading networking platform and solutions
provider for smart energy networks. Silver Spring’s pioneering IPv6
networking platform, with 17 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, Progress Energy and Singapore
Power, 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 Metrix and Counties Power.
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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