Smart Grid Network to Connect Cabinet-Based Meters Across Central Mexico City and Help CFE Reduce Energy Loss, Ensure Revenue Protection, and Improve Reliability in High-Growth Market
Mexico City, Mexico and Redwood City, CA – April 23, 2015 – Silver Spring Networks (NYSE: SSNI) today announced its selection for the Comisión Federal de Electricidad’s (CFE) ‘Reducción de Pérdidas de Energía en Distribución’ (Loss Reduction Projects on Distribution) smart grid project in Mexico City’s Central District. In partnership with Tecnologias EOS, under the Megacable and Hola Innovacion consortium, Silver Spring will deploy a canopy network across various residential and commercial areas of Mexico City’s Central District and provide connectivity solutions to cabinets which house a group of centralized meters. The Silver Spring solution will reduce electricity theft for residents and businesses, while Technologias EOS will provide remote indoor displays to help these customers monitor their power usage. Silver Spring will also provide its multi-application IPv6 network and UtilityIQ® software suite to connect and manage the individual cabinet meters.
Silver Spring will deploy this solution for approximately 140,000 residential and commercial customers within CFE’s Central District in Mexico City that serves approximately 2 million customers in total. CFE is the largest utility in the Americas, with more than 38 million customers over 16 divisions throughout Mexico.
“Mexico City is the largest metropolitan area in the Americas. We’re honored to partner with Tecnologias EOS for the Megacable and Hola Innovacion consortium, and to help CFE modernize their infrastructure to help reduce energy loss, ensure revenue protection, and improve service and reliability to millions of their customers,” said Eric Dresselhuys, Executive Vice President of Global Sales & Development, Silver Spring Networks. “CFE is developing a model that that energy providers across Latin America can look to for guidance as they begin to roll out infrastructure modernization programs in their regions.”
“Silver Spring brings a proven multi-application network with the security, scalability, and performance that meets the unique needs of this market,” said Javier Santana, Project Director, Hola Innovacion.
Reducing Energy Theft With Silver Spring’s Communications Solution for Cabinet Meters
Non-technical loss is a challenge across many growth markets, with experts estimating it costs utilities billions of dollars per year worldwide. According to CFE, nearly 15% of its total electricity production in 2013 was lost due to theft or defaults, and in some areas of Mexico City that increases to more than 35%. To help overcome these challenges, Silver Spring is introducing a cabinet-level networking and software solution that enables CFE to reduce non-technical loss, increase billing accuracy, deploy remote connect and disconnect operations, and helps ensure the safe delivery of its energy supply to its customers. Silver Spring has partnered with Tecnologías EOS to integrate the Silver Spring Communications Module and UtilityIQ software suite with the EOS Cabinet Controller (CCG), enabling remote reading, command, control of the meters in the cabinet and his remote displays. The solution allows for a secure physical connection from the transformer to the meter to prevent illegal connections and protects the meter from tamper via a secure enclosure. The utility maintains secure access and control of the meters via Silver Spring’s IPv6 mesh network, to ensure that consumption is accurately captured and provided to CIS for billing.
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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 20 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 Megacable, Hola Innovacion, and Tecnologias EOS. 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 Megacable, Hola Innovacion, and Tecnologias EOS, 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.