Smart Grid Provider Recognised by The Guardian and Cleantech Group for potential and likelihood to achieve high growth and high market impact
Redwood City, CA – October 2, 2009 – Silver Spring Networks, a leading Smart Grid network solutions provider, has announced it has been named a Global Cleantech 100 company by Guardian News and Media and Cleantech Group™, LLC, providers of leading research, events and advisory services for the cleantech ecosystem.
The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognises companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.
The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35. The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors, entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated and considered.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.
“To be recognised as a Global Cleantech 100 company is a tremendous accolade for us and a validation of our approach to building smart grids,” said Scott Lang Chairman, CEO and President of Silver Spring Networks. “2009 has been a great year for us, with implementations for some of the largest utilities around the world, and it is just the start as we look forward to extending our smart grid vision into other markets.”
Silver Spring Networks provides the hardware, software and services that allow power utilities to run smart grids. The company deploys an open, IP-based network enabling utilities to apply a range of “smart” devices from multiple vendors all on the same network — from smart meters to advanced distribution to plug-in vehicles. Silver Spring Networks’ technology enables consumers and businesses to manage and monitor the energy they use to reduce carbon emissions and create significant energy savings.
About the Cleantech Group, LLC
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and others-representing trillions of dollars in assets-receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at www.cleantech.com.
About the Guardian
The Guardian is a unique voice with an international reach delivering progressive journalism to a global audience. The Guardian’s vision is to be the leader on sustainability within the media industry and to be environmentally regenerative in their activities. Through their editorial coverage and business activities, they demonstrate to readers, staff, advertisers, suppliers and their communities that GNM (Guardian News and Media) is committed to enhancing society’s ability to build a sustainable future.
About Silver Spring Networks
Silver Spring Networks is a leading Smart Grid solutions provider that enables utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring Networks provides the hardware, software and services that allow utilities to deploy and run unlimited advanced applications, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. SSN’s Smart Energy Network is based on open, Internet Protocol (IP) standards, allowing continuous, two-way communication between the utility and every device on the grid. The company has successful deployments with leading utilities in the US and abroad, including Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, Inc., Jemena Electricity Networks Limited and United Energy Distribution, among others. In 2008, the World Economic Forum honored Silver Spring Networks as a Technology Pioneer. For additional information, please visit www.silverspringnet.com.
Ruder Finn UK
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