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Last $13.33 USD
Change Today +0.26 / 1.99%
Volume 238.4K
SSNI On Other Exchanges
New York
As of 8:04 PM 11/30/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

555 Broadway Street

Redwood City, CA 94063

United States

Phone: 650-839-4000

Fax: 650-839-4329

Silver Spring Networks, Inc. provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. Solutions The company offers a range of solutions built upon its network and analytic platform, including advanced metering, distribution automation, demand-side management, and street lights. Advanced Metering Advanced metering allows utilities to automate various manual processes and improve operational efficiencies and customer service. The company’s advanced metering solution provides utilities with two-way communications from its communications module integrated into a third-party meter to their back office, enabling utilities to remotely perform such functions as reading meter usage, capturing time-of-use consumption data, connecting and disconnecting service, and detecting power outages. The company’s advanced metering software includes its UtilityIQ Advanced Metering Manager software application and might include, at the option of its utility customers, its UtilityIQ Outage Detection System software application. Distribution Automation Distribution automation provides utilities with real-time visibility into the health of the grid, enabling management and control of power distribution assets to improve grid reliability. The company’s distribution automation solution provides two-way communications from distribution devices along the power grid to the back office or substations, providing utilities with real-time information for grid monitoring and control. The company’s distribution automation solution comprises bridges paired with third-party devices and its UtilityIQ Power Monitor and UtilityIQ Voltage Optimizer applications. Demand-Side Management Demand-side management enables utilities to offer consumers various programs and incentives to use energy efficiently and reduce usage at times of peak demand. The company offers three solutions to support demand-side management. Energy Efficiency The company’s energy efficiency solution leverages the two-way communications in and information gathered from its advanced metering solution to provide consumers with information about their energy usage through either its Web-based portal, CustomerIQ, or a third-party in-home device, such as a thermostat. Utilities could also use the company’s Web-based portal to send their consumers personalized analysis of their energy usage trends and suggestions for how to reduce usage. Demand Response Demand response is an initiative in which utilities incentivize consumers to reduce energy use during times of peak demand to avoid the high cost of building additional generation or procuring energy to support this peak load. Electric Vehicle The majority of consumers purchasing electric vehicles are also expected to purchase fast charging stations, referred to as electric vehicle supply equipment. With the current power grid, utilities must supply power to charge an electric vehicle whenever it is plugged in. Street Lights The company offers its street light solution. Street lights are a critical element of city infrastructure and the public road system. In 2014 acquisition of Streetlight.Vision SAS added control and management software to expand the company’s smart city and street light offerings. Services The company offers a range of services related to the initial deployment and ongoing operation of its networking platform and solutions. The company’s services include professional services, managed services and software-as-a-service (SaaS), and customer support. Professional Services: The company offers a range of services to help utilities deploy its networking platform and solutions. The company’s services include network design and optimization, deployment support, software and systems integration, program management, consulting services and training. When requested, the company would manage the installation of third-party meters and network infrastructure using outsourced third-party installers. Managed Services and SaaS: The company’s managed services include monitoring the performance of the network, tracking

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