[April 24, 2013] |
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Silver Spring Networks and Florida Power & Light Company Showcase Success of Pioneering 'Energy Smart Florida' Grid Modernization Initiative
JUNO BEACH, Florida --(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 Cutomer
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.
Join the Silver Spring Networks Conversation
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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