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Silver Spring Networks Enhances Smart Energy Platform

New UtilityIQ Features Expand Utility Choice and Performance

March 24, 2010, Tampa, FL - Silver Spring Networks, a leading Smart Grid solutions provider, today announced several enhancements to UtilityIQ, its enterprise software suite for the Smart Energy Platform. The enhancements to UtilityIQ expand flexibility and scalability, extend multi-vendor support and further improve the industry’s offering with the lowest overall total cost of ownership. With the release of UtilityIQ 4.1, Silver Spring raises the bar for Smart Grid performance.

The enhancements to UtilityIQ 4.1 include:

• ExtendedMulti-vendor Support:  UtilityIQ now supports multi-vendor, over-the-air meter programming and firmware upgrades for Silver Spring meter partners, including GE and Landis+ Gyr. As utilities around the world move towards a smarter grid, over-the-air upgrades help future-proof utilities’ investment by providing secure, fast and efficient upgrades as new features become available.
• Lowest Total Cost of Ownership:  UtilityIQ 4.1 further expands the Silver Spring Smart Energy Platform total cost of ownership advantage by adding more functionality, making it easier for utilities to remotely upgrade their metering assets and by having the ability to connect millions of devices to a common network.
• Enhanced Scalability: Silver Spring’s flagship application for configuring, upgrading and managing endpoints and information, UtilityIQ 4.1 has been updated and now supports 10 million networked homes and businesses.  This latest enhancement to UtilityIQ also improves performance of key functions, including system-wide cycle time and data exports.

“With the introduction of these innovations, we continue to scale the size and performance of UtilityIQ, the foundational application for customers’ Smart Grid deployments,” said Judy Lin, Chief Product Officer, Silver Spring Networks. “These improvements reinforce Silver Spring’s platform-based approach to the Smart Grid, by providing utilities with device flexibility, system scalability, multi-vendor support and the lowest total cost of ownership.”

Silver Spring's utility customers have already begun upgrading to Utility IQ 4.1. Pacific Gas & Electric and Florida Power & Light, both of which are deploying the Silver Spring Smart Energy Platform across their service territories, have successfully migrated to UtilityIQ4.1, and Oklahoma Gas & Electric is currently deploying UtilityIQ. 

"Over-the-air reprogramming allows us to make meter program changes without having to inconvenience our customers or rolling a truck," said Ken Grant, managing director of OG&E's Smart Grid program. "It’s truly the best of both worlds – enhanced customer service and operational savings.”

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

Media Contact:
Lisa Magnuson
415-531-9199
pr@silverspringnet.com

Alisa Weinstein
Blue Practice
415-308-5338
alisa@bluepractice.com