REDWOOD CITY, Calif.--(Business Wire)--
Silver Spring Networks announced today that it has been selected
by Pacific Gas and Electric Company (PG&E) to provide advanced
networking products and services to serve its 5 million electric
customers in California. Silver Spring was selected after a rigorous
market review and field testing, to support PG&E's SmartMeter(TM)
Program Upgrade. Silver Spring Networks and PG&E have signed a
definitive agreement and deployment activity is underway, with full
metering deployment expected to be completed by 2012.
PG&E will initially focus on using Silver Spring Networks'
technology to support advanced metering and home networking
applications. In addition, Silver Spring Networks provides an open,
secure, proven networking platform that will enable PG&E to realize
additional operational and environmental benefits in the future.
Under the agreement, Silver Spring Networks will provide network
infrastructure, network devices, operating software and a variety of
services in long-term support of PG&E's efforts. Although initial
deployments are scheduled to be completed within 5 years, the contract
extends to provide continued support and expansion over 20 years.
Under the agreement, PG&E will have broad flexibility in managing the
timing and scope of its technology deployments. In addition, certain
services and products under the agreement are contingent on regulatory
approval as part of PG&E's SmartMeter(TM) Program Upgrade.
As a provider of electricity and natural gas to approximately 40
percent of Californians, 1 in 20 Americans, or 15 million consumers in
a service territory of 70,000 square miles, PG&E is a leader in
environmental excellence, energy efficiency and enabling technologies.
In 1976, PG&E became one of the first utilities to offer
energy-efficiency programs. Energy efficiency programs are the
fastest, most cost-effective way to reduce greenhouse gas emissions
and combat global climate change.
About Silver Spring Networks
Silver Spring Networks creates the critical networking
infrastructure for the Smart Grid, known as a Smart Energy Network.
Based on the Internet Protocol (IP) suite, it addresses the challenges
of running multiple applications and devices on a common networking
infrastructure using multiple transport technologies, dramatically
improving efficiency, lowering costs and ensuring the reliable
delivery of services. This smarter, more efficient grid could cut the
growth rate of worldwide energy consumption by more than half over the
next 15 years and drastically reduce carbon emissions. Silver Spring
Networks was named a Technology Pioneer at the 2008 World Economic
Forum in Davos, Switzerland, was named to the 2008 Red Herring 100,
2008 Global 250 and was a recipient of the GoingGreen and Brilliant
Innovation Awards in 2007. For additional information, visit
www.silverspringnetworks.com.
Silver Spring Networks
Lisa Magnuson, 415-531-9199
lisamag@silverspringnet.com
Copyright Business Wire 2008
