Oklahoma Gas & Electric Honored With “Highest Ranking” Smart Grid Project
Redwood City, CA – February 6, 2014 – Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today congratulated its customers Florida Power & Light (FPL) and Sacramento Municipal Utility District (SMUD) for their recognition at the annual POWERGRID International Awards at the DistribuTECH 2014 Conference & Exhibition. FPL won the Smart Grid Program of the Year award for its ‘Reaping the Benefits of the Smart Grid’ program. John Di Stasio, GM and CEO of Sacramento Municipal Utility District, was also honored with the Large Utility CEO of the Year award.
“We are honored to see our customers receive the recognition they deserve for their vision and industry leadership,” said Scott Lang, Chairman, President and CEO, Silver Spring Networks. “We are committed to helping our customers leverage some of the industry’s most advanced networking technology to continue unlocking more value from their smart grid investments, further empowering their consumers, and increasing grid efficiency and reliability.”
FPL and SMUD join Silver Spring customer Oklahoma Gas & Electric (OG&E), which was also recently recognized by energy think tank VaasaETT as having the world’s highest-ranked smart grid project and by the Edison Electric Institute with their 2013 Edison Award, the electric power industry’s most prestigious honor. Through October of 2013, OG&E’s Smart Hours program has enrolled more than 80,000 customers, achieved 123 megawatts of load reduction capacity, and delivered average bill savings of about $150 per participating residential customer.
FPL’s ‘Reaping the Benefits of the Smart Grid’ program connected more than 4.5 million smart meters and 10,000 intelligent devices ahead of schedule, achieved $3.4 million in productivity savings and an average annual reduction of 4.3 million minutes of power interruptions, and made it possible for FPL to give its customers more control over their energy usage while providing more than 99.98 percent service reliability.
GM and CEO John Di Stasio leads the Sacramento Municipal Utility District, the nation’s sixth largest municipally owned electric utility. SMUD’s SmartSacramento Project involves system-wide Advanced Metering Infrastructure (AMI) integrated with existing enterprise and IT systems, as well as advanced Distribution Automation capabilities and consumer empowerment programs that give SMUD’s consumers more power and control over their energy consumption.
About Silver Spring Networks
Silver Spring Networks (NYSE: SSNI) is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with over 18 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, 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 the benefits Silver Spring Networks’ customers may achieve with Silver Spring Networks’ technology. 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.