Silver Spring CustomerIQ™ SilverLink™ Sensor Network to Leverage ‘Big Data’ to Empower 2.9 Million Customers, Enable Greater Electricity and Gas Management and Efficiency
Redwood City, CA and Jackson, MI – November 5, 2014 – Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it has been selected for a customer engagement and energy efficiency program by Consumers Energy, which provides natural gas and electricity to 2.9 million Michigan customers across all 68 Lower Peninsula counties. The Silver Spring CustomerIQ™ Suite, powered by the Silver Spring SilverLink™ Sensor Network, will give residential and commercial and industrial (C&I) customers access to near-real time information on their energy usage and management, regardless of whether they currently have a smart meter installed. Consumers has selected Silver Spring to help meet its ambitious goals to improve customer engagement, increase energy efficiency, and create a platform for innovative applications utilizing smart grid big data.
The SilverLink Sensor Network is an innovative approach to organizing, programming, and using any data from any sensor network to fuel any application at up to 10x the speed and 1/10th the cost of traditional utility IT infrastructure. Built on top of SilverLink, the CustomerIQ App Suite, including web portals, e-mail and text message alerts, utility call-center tools, and APIs for third party applications, will offer Consumers a multi-channel, integrated engagement platform that provides a seamless customer and brand experience, while also providing insightful and relevant information to the utility’s customers.
“We are honored to work with Consumers Energy on such an ambitious customer empowerment and energy efficiency program. Silver Spring’s expertise in both large-scale networks, and the real-time big data they produce, enables us to bring unique value to utilities as they drive a continuous connection with their customers,” said Scott Lang, Chairman, President and CEO, Silver Spring Networks. “Proprietary, siloed applications and architectures are outdated in meeting the needs of our on-demand world. Our open and flexible CustomerIQ consumer engagement platform and SilverLink Sensor Network allows utilities to leverage our technology for Silver Spring and third party networks, unlocking greater choice, value, and innovation.”
“We are committed to providing the best experience to our business and residential customers, and that includes using technology to help them to use less energy,” said Brian Rich, Vice President and Chief Information Officer, Consumers Energy. “We are excited to work with Silver Spring on this program.”
The SilverLink Sensor Network is an innovative network-based service that transforms how a utility can analyze its real-time smart grid big data to improve operations and increase customer engagement. With fully networked sensor devices, a utility can easily and quickly organize, program and use smart grid big data for a more agile and innovative organization.
For more information please visit www.silverspringnet.com/silverlink.
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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 19.5 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, Progress Energy and Singapore Power, among others. To learn more, please visit www.silverspringnet.com.
Silver Spring Networks
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 Networks’ engagement with Consumers Energy Company. 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 the successful implementation and deployment of the engagement with Consumers, as well as 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.