Smart grid provider recognised “as green pioneers” by leading London business experts
February 9, 2011 – Silver Spring Networks, a leading US provider of smart grid solutions, has been included in Think London’s exclusive ‘100 Companies to Watch’ list for 2011, in recognition of the company’s contribution to the capital’s future prosperity.
Think London, which helps overseas businesses set up in the capital, singled out Silver Spring, as “a green pioneer”, adding that the company is “a clear front runner in a booming sector”.
The Think London 100 Companies to Watch list is a celebration of the 100 international companies which were “most likely to grow and flourish in the global economy”. Other companies also on the list include Google, Microsoft, AEG and Siemens.
This recognition comes shortly after Silver Spring was named Number 1 on the 2010 Global Cleantech 100, an award presented by The Guardian and Cleantech Group. It serves to further highlight the important role Silver Spring has played in the global development of the smart grid and the significant impact it can make upon the world’s leading financial centres.
Scott Lang, Chairman, President and CEO of Silver Spring, said: “We are delighted to accept this recognition of the commitment we share with our utility clients to deliver the most advanced, field proven and standards-based smart grid platform in the world.
“It is our belief that the UK would benefit from a truly smart electricity grid. It would help tackle climate change by reducing carbon emissions, and maintain a secure, reliable and affordable supply of electricity for consumers.”
Michael Charlton, Chief Executive of Think London, commented: “The Think London 100 Companies to Watch is a celebration of the Think London clients that we think are most likely to grow and flourish in the global economy.
“As London’s official foreign direct investment agency, we have been at the heart of international business in London for nearly two decades. While we’ve helped thousands of companies over the years, we think that these 100 organisations, including Silver Spring, deserve particular recognition. In our opinion, they are revolutionising the way things are done in the city and will help shape the capital’s economy for years to come.”
Notes to Editors
For more information please contact:
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About Silver Spring Networks
Silver Spring Networks is a leading smart grid platform provider that enables utilities to achieve operational efficiencies, reduce carbon emissions and empower their consumers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware, software and services that allow utilities to deploy and run multiple advanced solutions, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. Silver Spring’s Smart Energy Platform is based on open, Internet Protocol (IP) standards, allowing continuous, two-way communication between the utility and devices on the grid. Silver Spring has numerous deployments with 14 utilities in the US and abroad, including Baltimore Gas and Electric, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and United Energy Distribution, among others.
Silver Spring Networks has received other major industry awards including: CNBC’s 2010 Top 15 Green Tech Startups (ranked No. 2); The Wall Street Journal’s Top 10 Venture-Backed, Clean Technology Companies; Greentech Media’s Top 50 VC-Funded Greentech Startups; Fast Company’s 2010 Most Innovative Companies: Energy; the 2010 GridVision Awards; the CRO Responsible CEO of the Year award; The Carbon Trust: CleanTech 100; Number 1 in the 2010 ‘AlwaysOnGoingGreen Silicon Valley 100, among others.
These recent honors reflect Silver Spring Networks’ ongoing commitment to innovation, operational excellence and maintaining strong relationships with its utility partners.
For additional information, please visit www.silverspringnet.com.
About Think London
Think London is the official foreign direct investment agency for London. We are a not-for-profit private-public partnership and the experts on doing business in the capital. Our London consultants connect international businesses to London, helping them set up, succeed and grow. Our service is comprehensive, confidential and funded.
Our experts work with government and the business community to provide access to the best people, places and opportunities in the city. Think London’s principal funding partners are the London Development Agency and our network of commercial partners. Other key partners are the City of London Corporation, which also provides funding, UK Trade & Investment and the business community through London First. www.thinklondon.com