Redwood City, CA, September 10, 2007 – Silver Spring Network has won the 2007 AlwaysOn Going Green Award for Energy Efficiency. Over 500 private companies were nominated by dozens of top venture capital firms and a wide breadth of green technology insiders. To make the final selection, companies needed to demonstrate that they excelled in the five primary evaluation criteria: innovation, market potential, commercialization, stakeholder value creation, and media attention or “buzz.” Silver Spring Networks and their Smart Energy Network were selected based on the immediate value they can bring to utilities companies worldwide.
Silver Spring Networks‘ IP-based Smart Energy Network addresses the most formidable challenges of managing multiple applications and devices on the same network. The Smart Energy Network from Silver Spring Networks is based on proven technology for addressing, routing, service quality and other management functions. With an IP-based Smart Energy Network in place, a utility can “plug and play” any variety of devices, deploy consumer energy portals, perform intelligent load shedding, enable remote disconnect and more. By making the grid more efficient, the US could save over $3 billion dollars annually and help to drastically reduce carbon emissions.
“The AlwaysOn GoingGreen 100 companies will accelerate the global movement to a more sustainable environment,” said Tony Perkins, founder and editor of AlwaysOn. “The ideas and innovation we saw as we reviewed hundreds of clean technology companies will be foundational to the next wave of economic growth in California and beyond. My congratulations to each AlwaysOn GoingGreen 100 winner–these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year.”
“We are excited about this award as it recognizes the value of the Smart Grid to delivering energy efficiency” explains Eric Dresselhuys, Vice President of Marketing. “We bring a new approach to utility networking while enabling practical and cost-effective “green” energy based on open standards and the robust and field-proven suite of Internet Protocols (IP). This technology is ready for field deployment today and can have an immediate impact on increasing the efficiency of the electrical grid.”
About AlwaysOn GoingGreen
AlwaysOn GoingGreen is a two-and-a-half-day executive gathering that highlights the significant impact clean technologies have on new economic growth and in sustainable use of natural resources. AlwaysOn GoingGreen features the most innovative companies, eminent technologists, influential investors and journalists in keynote presentations, panel debates and private company CEO showcases. The goal of the conference is to identify the most promising entrepreneurial opportunities and investments in the clean tech industry.
ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (STANFORD SUMMIT, ALWAYSON HOLLYWOOD, ALWAYSON MEDIA and GOINGGREEN) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants
About Silver Spring Networks
Silver Spring Networks leverages the power of open, standards-based IP technology, to create a two-way, Smart Energy Network that connects utilities with their customers. This advanced utility network provides a scalable and reliable infrastructure from the substation to the customer premise, and dramatically improves efficiency, lowers costs and ensures the reliable delivery of services. This innovative network gives your utility greater flexibility to adapt to new technologies, products, and services–and can make a substantial difference to your bottom line, too.