Entergy Corporation Selects Silver Spring Networks for Smart Grid Program
October 06 2016 - 7:30AM
Business Wire
Silver Spring to Deploy Gen5 Platform across
114,000 Square Miles across South for Faster Outage Detection,
Improved Grid Reliability and Greater Customer Control over Their
Energy Services
Silver Spring Networks, Inc. (NYSE:SSNI) today announced that it
has been selected by Entergy Services, Inc., to support the
comprehensive grid modernization program of the Entergy utility
Operating Companies. Entergy will leverage Silver Spring’s
multi-application IPv6-based Gen5 network platform across its
114,000 square mile territory to provide two-way meter
communications and near-real time telemetry for approximately 2.8
million customers in Arkansas, Louisiana, Mississippi and Texas.
The platform will enable the Entergy Operating Companies to offer
their customers more insight into and better control over their
energy usage and costs, while helping to more quickly identify and
restore power after outages and improve overall grid reliability.
Today’s announcement details the new, unnamed customer award
described during Silver Spring Networks’ earnings conference call
on August 4, 2016.
“We are excited to work with Entergy to deploy Silver Spring’s
proven, secure and reliable platform across the South,” said Mike
Bell, President and CEO, Silver Spring Networks. “A smart grid
program will usher in a new era for Entergy’s utilities to
continuously improve reliability and safety while meeting the
evolving needs of their customers. It is an honor to be selected by
such an industry leader.”
Pre-deployment planning and design are underway. Pending
regulatory approval, Silver Spring anticipates that the Entergy
Operating Companies’ deployments of the Silver Spring platform will
begin by 2018, and will be completed across their service
territories by the end of 2021. In addition to advanced electricity
and gas metering, the Entergy Operating Companies have the option
to evaluate additional applications to be connected through Silver
Spring’s platform in the future.
Join the Silver Spring Networks Conversation
- Read more on the Silver Spring Connect
blog atwww.silverspringnet.com/blog
- Follow @SilverSpringNet on Twitter
- Like Silver Spring Networks on Facebook
at www.facebook.com/silverspringnetworks
- Learn more about the Wi-Sun Alliance
and the value of open standards-based IoT networking at
www.wi-sun.org
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 24.3
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, Consolidated 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.ssni.com.
Forward-Looking Statements
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, benefits, and timing of Silver Spring’s engagement with
Entergy Services, Inc. and its operating companies. 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 receipt of regulatory approval and the successful
implementation and deployment of the engagement, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161006005304/en/
Silver Spring NetworksAmy Cook, 669-770-4183Global
Communicationsacook@ssni.com
SILVER SPRING NETWORKS INC (NYSE:SSNI)
Historical Stock Chart
From Apr 2024 to May 2024
SILVER SPRING NETWORKS INC (NYSE:SSNI)
Historical Stock Chart
From May 2023 to May 2024