Silver Spring Networks Congratulates Customers Florida Power & Light & Sacramento Municipal Utility District on POWERGRID Int...
February 06 2014 - 8:30AM
Business Wire
Oklahoma Gas & Electric Honored With
“Highest Ranking” Smart Grid Project
Silver Spring Networks, Inc. (NYSE:SSNI),
a leading networking platform and solutions provider for
smart energy networks, today congratulated its customers Florida
Power & Light (FPL) and Sacramento Municipal Utility District
(SMUD) for their recognition at the annual POWERGRID International
Awards at the DistribuTECH 2014 Conference & Exhibition. FPL
won the Smart Grid Program of the Year award for its ‘Reaping the
Benefits of the Smart Grid’ program. John Di Stasio, GM and CEO of
Sacramento Municipal Utility District, was also honored with the
Large Utility CEO of the Year award.
“We are honored to see our customers receive the recognition
they deserve for their vision and industry leadership,” said Scott
Lang, Chairman, President and CEO, Silver Spring Networks. “We are
committed to helping our customers leverage some of the industry’s
most advanced networking technology to continue unlocking more
value from their smart grid investments, further empowering their
consumers, and increasing grid efficiency and reliability.”
FPL and SMUD join Silver Spring customer Oklahoma Gas &
Electric (OG&E), which was also recently recognized by energy
think tank VaasaETT as having the world’s highest-ranked smart grid
project and by the Edison Electric Institute with their 2013 Edison
Award, the electric power industry’s most prestigious honor.
Through October of 2013, OG&E’s Smart Hours program has
enrolled more than 80,000 customers, achieved 123 megawatts of load
reduction capacity, and delivered average bill savings of about
$150 per participating residential customer.
FPL’s ‘Reaping the Benefits of the Smart Grid’ program connected
more than 4.5 million smart meters and 10,000 intelligent devices
ahead of schedule, achieved $3.4 million in productivity savings
and an average annual reduction of 4.3 million minutes of power
interruptions, and made it possible for FPL to give its customers
more control over their energy usage while providing more than
99.98 percent service reliability.
GM and CEO John Di Stasio leads the Sacramento Municipal Utility
District, the nation’s sixth largest municipally owned electric
utility. SMUD’s SmartSacramento Project involves system-wide
Advanced Metering Infrastructure (AMI) integrated with existing
enterprise and IT systems, as well as advanced Distribution
Automation capabilities and consumer empowerment programs that give
SMUD’s consumers more power and control over their energy
consumption.
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 over 18 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, 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 the
benefits Silver Spring Networks’ customers may achieve with Silver
Spring Networks’ technology. 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.
Silver Spring NetworksNoel Hartzell, 650-839-4184Global
Communicationsnhartzell@silverspringnet.com
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