Kolkata, India and San Jose, CA – September 22, 2016 – CESC Limited, India’s leading fully integrated electrical company with over 2.9 million customer connections and serving over 17 million people in the state of West Bengal, today won the ‘Smart Grid Project of the Year’ award at the Asian Power Awards for its program with Silver Spring Networks. Silver Spring is deploying StarfishTM, its IPv6 public cloud IoT network and data platform, for CESC in Kolkata for Advanced Metering Infrastructure (AMI) and Distribution Automation (DA) applications. Through Silver Spring’s Operations Optimizer solution, a powerful analytics application that creates insights from a variety of data sources, the program will further help CESC improve grid reliability, reduce energy loss and ensure billing accuracy.
Silver Spring and CESC are also collaborating through Starfish to offer smart grid and smart city services to other organizations in West Bengal and throughout India. Starfish can help utilities, energy service providers, cities, commercial enterprises and developers access a reliable, secure and scalable IoT network and data platform that has already connected millions of devices on five continents.
“IoT is central to CESC’s strategy to modernize Kolkata and its surrounding areas to increase the value of service, drive new customer and city applications, and unleash creativity for new applications that the industry has not yet developed,” said Sanjiv Goenka, Chairman, CESC. “We’re extremely proud to have been acknowledged by the industry as the ‘Smart Grid Project of the Year’ for our work with Silver Spring Networks. It is through innovation like theirs that we aim to expand our services to, and improve the quality of life of, our customers.”
“New innovations in technology are heightening customer expectations for services such as energy management and city operations. CESC has recognized that global trend and set the bar for world-class services in India through modernization of their grid using IoT technology that is proven, reliable, secure and scalable,” said Eric Dresselhuys, Co-founder and EVP of Global Development, Silver Spring Networks. “We congratulate CESC on its initiative to create a new benchmark for performance and reliability in India, on par with some of the top utilities in the world, and we look forward to continuing our partnership to help offer new applications in the future.”
For more information, visit www.ssni.com/starfish
CESC Limited is one India’s leading vertically integrated utilities, providing energy in and around the twin metropolises of Kolkata and Howrah. It serves 2.9 million consumers covering an active urban population of more than 17 million people across a service territory of 567 square kilometers. CESC is the flagship company of RP Sanjiv Goenka Group, one of the top industrial houses in India.
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 over 24.3 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, Consolidated 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.ssni.com
RP Sanjiv Goenka Group
+91 33 6634 0415
Silver Spring Networks
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This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope and benefits of Silver Spring’s engagement with CESC. 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.