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Silver Spring Networks and GridSense Partner on Advanced Transformer Monitoring Solution
|By Business Wire
|June 30, 2014 08:52 AM EDT
Silver Spring Networks, Inc. (NYSE:SSNI) today announced that GridSense,
Inc., an Acorn Energy company, will integrate the GridSense transformer
monitoring solution with Silver Spring’s multi-application networking
platform to enable more cost-effective, secure and intelligent
transformer monitoring for utilities. The new offering within Silver
Spring’s Grid Management solution creates mission critical intelligence
for grid operation via the in-depth data captured by the GridSense
transformer monitoring solution, resulting in cost savings from optimal
use of grid assets and increased operational efficiencies through
The integration of Silver Spring’s IPv6 networking platform and
GridSense’s transformer monitoring solution means that utilities can
make better grid management decisions with more precise intelligence,
including energy measurement, theft detection, loading, harmonics, and
“We welcome GridSense to the Silver Spring Partner Program – their
solution is easy to install to help utilities modernize their aging
distribution infrastructure,” said Don Reeves, Executive Vice President
of Engineering and Managed Services, Silver Spring Networks. “With
Silver Spring’s networking platform providing continuous connectivity
and data, the new solution will give utilities the ability to do
continuous monitoring at the edge of the grid and send this intelligence
back to the hands of the operators for immediate action, resulting in
increased reliability for customers.”
“GridSense provides real-time continuous intelligence for distribution
transformers to prevent overload, identify imbalances and accurately
determine end of line voltage,” said Brett Sargent, President and COO of
GridSense. “We are excited to partner with Silver Spring Networks, a
global smart grid leader, to bring utilities enhanced reliability and
efficiency to the grid.”
With more than 65 partners, the Silver Spring Partner Program is
delivering comprehensive smart grid solutions, to help connect over 18.5
million IPv6-enabled devices across five continents.
For more details on partnering with Silver Spring Networks please visit www.silverspringnet.com/partners.
Join the Silver Spring Networks Conversation
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 18.5 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.
This press release contains forward-looking statements about Silver
Spring Networks’ and Acorn Energy/GridSense’s expectations, plans,
intentions, and strategies, including, but not limited to statements
regarding Silver Spring Networks’ offerings with GridSense, the
performance and capabilities of the integrated offering, and benefits
utilities may realize from the integrated offering. 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 those described in Silver Spring Networks' or Acorn Energy’s
documents filed with or furnished to the Securities and Exchange
Commission, as applicable. All forward-looking statements in this press
release are based on information available to Silver Spring Networks and
Acorn Energy as of the date hereof. Neither Silver Spring Networks nor
Acorn Energy assumes any obligation to update these forward-looking
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