KOLKATA, India--(BUSINESS WIRE)--CESC Limited, India’s leading fully integrated electrical company with over 2.9 million customer connections and serving over 17 million people in the state of West Bengal, and Silver Spring Networks (NYSE: SSNI) today announced a collaboration to deploy an advanced, multi-application smart energy and smart city network in the city of Kolkata. Building on the two companies’ successful Advanced Metering Infrastructure (AMI) and Distribution Automation (DA) demonstration project, this collaboration creates a framework to extend Silver Spring’s globally proven IPv6 / 6LowPAN networking platform throughout CESC’s service territory. The initial phase of the deployment will connect approximately 25,000 customers and automate CESC’s electricity distribution grid. Silver Spring’s proven-at-scale, standards-based platform will help ensure that CESC is able to provide the highest quality of services to its customers at the lowest risk.
“Silver Spring’s multi-application networking platform demonstrated the reliability and high-performance CESC requires to extend our smart energy and smart city leadership and become India’s top performing utility,” said Mr Sanjiv Goenka, Chairman, CESC. “The versatility and flexibility of Silver Spring’s IPv6 networking platform helps enable CESC to reduce costs, improve reliability, and unlock even more benefits for our customers. Silver Spring’s proven platform is deployed at utilities around the world and in cities such as Chicago, Copenhagen, Glasgow, Miami, Paris, San Francisco, Singapore, and Washington DC, and we are especially proud to lead Kolkata’s critical infrastructure network into the ranks of these iconic locations.”
“We are honored to work with a market leader like CESC. Their track record of performance and operational excellence will create a new standard in India and beyond. This program helps benefit all segments of CESC customers through increased grid reliability, improved efficiency, and greater customer satisfaction,” said Eric Dresselhuys, Executive Vice President and co-founder, Silver Spring Networks. “Silver Spring’s secure and resilient standards-based network will also help CESC achieve long-term success by establishing an open platform upon which additional smart energy and smart city applications and services can be quickly and cost-effectively deployed in the future.”
Additionally, the parties have signed a Memorandum of Understanding to collaborate in offering smart grid and smart city services to other organizations in West Bengal and throughout India. By combining CESC’s demonstrated operational excellence and Silver Spring’s globally proven technology platform, the parties intend to bring the many benefits of networking infrastructure to an even wider segment of the market.
Silver Spring's IPv6 networking technology allows utilities of all sizes to implement a wide range of smart grid applications using a common network platform throughout their service area. Silver Spring has pioneered the adoption of IPv6 networking technology, ensuring interoperability to help deliver higher quality, lower costs, and better overall value for customers and consumers. Silver Spring’s open standards-based platform, built on the IEEE 802.15.4g interoperability protocol (Wi-SUN), integrates with a wide range of products and technologies from numerous global device partners.
CESC Limited is one of India’s leading vertically integrated utilities, providing energy in and around the twin metropolises of Kolkata and Howrah. It serves 2.9 million consumers covering an active urban population of more than 17 million people across a service territory of 567 square kilometers. CESC is the flagship company of RP Sanjiv Goenka Group, one of the top industrial houses in India.
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 22.3 million Silver Spring enabled devices delivered, is connecting utilities to homes and business throughout the world with the goal of achieving greater 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’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope of Silver Spring’s engagement with CESC, and the benefits of Silver Spring’s smart energy and smart city solutions. 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 negotiation of, and the successful implementation and deployment of, a definitive agreement between Silver Spring Networks and CESC, 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.