Unlocking Big Data to Deliver Transformational
Business Value at Up To 10x the Speed and 1/10th the Cost of
Traditional Utility IT Infrastructure; App Store Fuels Partner
Opportunity and Innovation
Silver Spring Networks, Inc. (NYSE: SSNI),
a leading networking platform and solutions provider for
smart energy networks, today announced the SilverLink™ Sensor
Network, a new approach to organizing, programming, and using any
data from any sensor network to fuel any application at up to 10x
the speed and 1/10th the cost of traditional utility IT
infrastructure. The SilverLink Sensor Network enables utilities and
other network operators to connect real-time data to business
processes to make smarter and faster business decisions, lower IT
costs, create a more agile organization, and more quickly and
cost-effectively launch new business models and services. Able to
leverage both Silver Spring and non-Silver Spring networks,
specific examples of the SilverLink Sensor Network in action
include real-time voltage assessment, load disaggregation, remote
temperature monitoring of grid devices, and empowering advanced
customer engagement programs that reach across utility silos via a
common platform.
“Our lives are more connected than ever – billions of devices
are coming online, producing staggering data volumes. Utility CEOs
often tell me that more than 70% of their total enterprise data is
already coming from their Smart Grid networks alone. Old,
model-based approaches and IT architectures simply can’t keep up
with the needs of this real-time, continuously connected world,”
said Scott Lang, Chairman, President and CEO of Silver Spring
Networks. “The SilverLink Sensor Network changes the game – we are
applying our deep understanding of large-scale networks to
real-time big data. We’re enabling utilities to develop even deeper
connections with their customers, offer innovative new services,
and better manage their grid assets and operations.”
“Several years ago OG&E embarked on a transformational
journey with Silver Spring. We knew that by creating a continuous
connection with our customers, our grid assets, and the data
running across our network, we would be able to deliver more
reliable service to our customers and lower our economic and carbon
footprints,” said Pete Delaney, Oklahoma Gas & Electric. “I’m
proud to say OG&E’s Positive Energy Smart Grid program has now
been widely embraced by our customers. We are excited for the
next-generation of technology Silver Spring is bringing to market
to help us deliver even more innovative services to our customers,
and unlock even more value from the ocean of real-time data that
our network is providing.”
"Silver Spring's vision and commitment to technology leadership
offers great opportunities for the way PG&E will continue to
draw value from the Smart Grid," said Brian Rich, VP of
Business Technology, PG&E. "A next-generation data platform
such as the one offered by Silver Spring will help enable more
innovation, faster deployments, and new applications and services
at a lower cost for both energy companies and their customers."
Unlocking Smart Grid Big-Data for the Continuously Connected
Utility
Utilities today are looking to their existing networks to unlock
more value, help transform their relationship with their customers,
and quickly and cost effectively develop and deliver new services.
Third-party software companies are also seeking a platform upon
which they can utilize network data to roll out new energy
applications for both utilities and end-consumers.
Silver Spring is leveraging the distributed intelligence, proven
scale, and award-winning deployments with leaders such as OG&E
to deliver one of the industry’s first software defined sensor
networks. The SilverLink Sensor Network connects network
infrastructure, other AMI infrastructure and back-office data
sources to virtualize endpoint devices and make sensor data
subscribe-able and accessible via common Internet standards. This
approach radically cuts the cost to organize and program sensors to
use diverse real-time data to create breakthrough business
applications at up to 10x the speed and 1/10th the cost of
traditional utility IT infrastructure – making it far easier, less
risky and faster to implement the applications that unlock the
promise of the Smart Grid.
The SilverLink Sensor Network will be available as a cloud-based
subscription service. Silver Spring is already working with several
of its customers to leverage the SilverLink Sensor Network for
innovative new services such as:
- Load Disaggregation and Deep Energy
Audits
- Real-Time Voltage Assessment
- Remote Temperature Monitoring
- Improved Revenue Assurance and
Non-Technical Loss Analysis
- Customer Segmentation and Opt-In for
Price Programs
- Advanced Customer Engagement
Programs
The SilverLink Sensor Network will make vast quantities of
previously unavailable data easy for third-party applications to
access and utilize, powering a myriad of new applications and
services. Silver Spring plans to make a wide array of new
applications readily available to utilities, sensor network
operators, and consumers through a SilverLink App Store. The
SilverLink App Store will initially include existing SilverLink
applications such as SilverLink Console, SilverLink MeterOps, and
SilverLink Network Ops. The SilverLink App Store will also include
new applications from Silver Spring and members of its partner
community as they come to market. Read the SilverLink partner
announcement at
www.silverspringnet.com/press-releases/silverlinkpartner.
Join Silver Spring Networks and its customers and partners to
learn more about the new SilverLink Sensor Network and other
exciting innovations at the DistribuTECH 2014 Conference in San
Antonio, TX on January 28-30, 2014.
Additional Resources and Information
- Get more information on the SilverLink
Sensor Network atwww.silverspringnet.com/silverlink
- Read the SilverLink Sensor Network
white paper atwww.silverspringnet.com/silverlink
- Read the SilverLink partner
announcement
atwww.silverspringnet.com/press-releases/silverlinkpartner
- Follow @SilverSpringNet on
Twitter
- Like Silver Spring Networks on Facebook
atwww.facebook.com/silverspringnetworks
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
Silver Spring Networks’ expectations, plans, intentions, and
strategies, including, but not limited to statements regarding the
performance and capabilities of the SilverLink Sensor Network; cost
savings, speed and other benefits customers may realize from the
SilverLink Sensor Network; and the desire for, development and
availability of third-party applications. 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
SILVER SPRING NETWORKS INC (NYSE:SSNI)
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SILVER SPRING NETWORKS INC (NYSE:SSNI)
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