San Mateo, CA, April 10, 2007 – Silver Spring Networks and Florida Power & Light Company (FPL) today announced that they have signed an agreement to deploy an advanced, two-way IP-based networking communication infrastructure in support of FPL’s implementation of Advanced Metering Infrastructure (AMI) and their Smart Grid vision. When completed, the 100,000 electric meter project is expected to be one of the largest IP-based AMI networks in the country.
Under the agreement, Silver Spring Networks will provide FPL with a variety of advanced networking products and support services designed to provide full two-way wireless network communications to the customer’s meter. The implementation will be in two phases and will include both residential and small commercial customers.
“FPL has been exploring the financial, commercial and technical viability of AMI solutions and other Smart Grid applications for many years,” said Dennis Klinger, FPL Chief Information Officer. “Silver Spring Networks’ unique approach of delivering an open architecture which utilizes proven IP technologies should provide the platform for future innovation to support multiple utility applications.”
“We are delighted to be working with FPL,” said Scott Lang, President and CEO of Silver Spring Networks. “Their many years of operational excellence and experience in deploying advanced technology have led FPL to a very clear understanding of requirements for Smart Grid networking. Our focus on extending IP networking to the customer premise will enable FPL and our other customers to take advantage of the explosion of IP-enabled devices coming into the market.”
“This technology should provide a flexible and scalable solution to meet FPL’s current operational requirements for AMI and establish a foundation for enhancing how we can interact with our customers about their energy usage information,” said Marlene Santos, FPL Vice President of Customer Services. “An IP-based network should enable us to add new products and services as they become available and deliver value to our customers over the long term.”
About Florida Power & Light Company
Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. (NYSE: FPL), nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. With annual revenues of nearly $16 billion and a growing presence in 26 states, FPL Group is widely recognized as one of the country’s premier power companies. Florida Power & Light Company serves 4.4 million customer accounts in Florida. FPL Energy, Inc., FPL Group’s energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPL.com, www.FPLGroup.com and www.FPLEnergy.com.
About Silver Spring Networks
As the leader in standards-based IP networking products, Silver Spring Networks enables utilities to deploy a scalable, reliable infrastructure from the substation to the customer premise. By deploying a shared network infrastructure, utilities can implement advanced metering, distribution automation, demand response and other Smart Grid applications at a fraction of comparable costs. A standards-based network lowers not just capital costs, but total cost of ownership over the life of the system. When planning the infrastructure of tomorrow, it helps to partner with a company that makes it available today. For more information, visit: www.silverspringnet.com.
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