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Silver Spring Networks Celebrates A Decade of Success

Silver Spring Networks, a leading networking platform and solutions provider for utilities, today celebrates 10 years of technology leadership and innovation. Founded in 2002, Silver Spring’s early commitment and delivery of an IPv6 standards-based networking platform has transformed the utility industry’s approach to modernizing the grid. Silver Spring’s proven technologies, growing partner ecosystem, and broad customer adoption have led to more than 11 million homes and businesses networked on its Smart Energy Platform worldwide.

"Silver Spring’s success can be boiled down to three essential elements – the vision, tenacity, and dedication of our employees; the relationships we have with our customers and partners; and the relentless pursuit of innovation that drives our market-defining networking platform,” said Scott Lang, Chairman, President and CEO of Silver Spring Networks. “Ten years ago we shared a dream of increasingly connected, smarter, more efficient energy networks with our customers and the real economic and environmental benefits are being seen today.”

Silver Spring’s products and services enable utilities to improve their operating efficiency, establish a foundation for future applications, and empower their consumers with actionable energy usage information. The technologies also help improve energy efficiency, integrate renewable energy sources, lower carbon emissions, and drive economic growth through grid modernization.

“Today we also want to thank our utility clients and partners for their shared commitment and pioneering work to transform the grid,” Lang continued. “As we look to our next decade of innovation, we remain focused on unlocking even more value by delivering the networking platform and solutions that enable energy networks to perform reliably and securely at enormous scale.”

Since its inception, Silver Spring has grown to more than 550 employees globally. Significant Silver Spring milestones include:

  • 2002: Silver Spring Networks is founded.
  • 2006: Silver Spring delivers the industry’s first IPv6 networking platform.
  • 2007: Florida Power & Light Company selects Silver Spring to network more than four million homes and businesses; named a Technology Pioneer by the World Economic Forum.
  • 2008: Pacific Gas & Electric Company selects Silver Spring to network more than five million homes and businesses in California; Silver Spring signs its first distribution automation customer; signs first international customer, Jemena Electricity Networks (Australia).
  • 2009: CitiPower & PowerCor, Oklahoma Gas & Electric Company, Pepco Holdings, and Sacramento Municipal Utility District select Silver Spring for deployments; acquires GreenBox Technology.
  • 2010: Silver Spring expands operations to Brazil and Europe; Baltimore Gas & Electric Company (BG&E), and Guelph Hydro Electric Systems select Silver Spring.
  • 2011: Silver Spring forges strategic alliance with EMC to deliver smart grid analytics solution; Silver Spring demand response and energy efficiency solutions become available through BG&E surpasses 10 million homes and businesses networked.
  • 2012: Silver Spring expands market leadership with its Gen4 networking platform; establishes global strategic alliance with Hitachi; selected by Commonwealth Edison Company, Progress Energy, and WEL Networks for deployment.

Celebratory 10th Anniversary videos, photos, and testimonials can be found at www.silverspringnet.com/10years.

Supporting Quotes

"Innovation is the lifeblood of economic growth and we congratulate Silver Spring Networks on 10 years of success,” said Jim Wunderman, CEO of the Bay Area Council.

“Environmental Defense Fund congratulates Silver Spring Networks on their 10th anniversary. For a decade, Silver Spring has been a leader in demonstrating how the smart grid can enable clean energy to save consumers money and reduce harmful pollution. We look forward to continued innovations that contribute to a more energy efficient future for us all,” said Jim Marston, VP of Energy at Environmental Defense Fund.

"Silicon Valley is the birthplace of many industry-changing technologies. We congratulate Silver Spring Networks on 10 years of innovation and success and look forward to many more,” said Carl Guardino, President and CEO of the Silicon Valley Leadership Group.

"TechNet congratulates Silver Spring Networks for a decade of leadership in harnessing technology to smarten the grid -- spurring innovation, creating jobs, and securing a more sustainable energy future,” said Rey Ramsey, CEO of TechNet.

About Silver Spring Networks

Silver Spring Networks is a leading networking platform and solutions provider for utilities. We have networked over 11 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies, integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks is used by major utilities around the globe including Baltimore Gas & Electric Company, CitiPower & Powercor, Commonwealth Edison Company, Florida Power & Light Company, Jemena Electricity Networks, Pacific Gas & Electric Company, and Pepco Holdings among others. For more information please visit www.silverspringnet.com.

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