SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Silver Spring Networks selected by SmartCo to aid in smart grid deployment in New Zealand
[July 29, 2013]

Silver Spring Networks selected by SmartCo to aid in smart grid deployment in New Zealand

Jul 29, 2013 (M2 EQUITYBITES via COMTEX) -- Silver Spring Networks Inc (NYSE:SSNI), a networking platform and solutions provider for smart energy networks, announced on Sunday its selection by SmartCo to deploy an advanced smart grid network across New Zealand.

Financial details of this selection were not available.

SmartCo is a consortium of New Zealand electricity lines companies including Alpine Energy, Counties Power, Electricity Invercargill, Network Tasman, The Power Company and WEL Networks.


Under this agreement, SmartCo, which is pursuing a new business model in New Zealand's disaggregated market where retailers are responsible for deploying smart meters, and its lines company members will use Silver Spring's platform to generate incremental revenues by providing smart metering services to energy retailers.

These lines companies will also leverage the same platform to improve services for consumers including faster outage detection and restoration and improved power quality.

Comments on this story may be sent to info@m2.com

[ Back To TMCnet.com's Homepage ]





LATEST VIDEOS

DOWNLOAD CENTER

UPCOMING WEBINARS

MOST POPULAR STORIES





Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.