Silver Spring Networks
Vision of Sustainability
Silver Spring Networks, Inc. (NYSE: SSNI) is a leading networking platform and solutions provider for smart grid energy networks. For over ten years, Silver Spring has been delivering open, standards-based IPv6 network infrastructure to connect 17.5M homes and businesses on five continents across the world’s harshest outdoor conditions and topographically diverse environments.
Beyond the energy sector, Silver Spring is now empowering cities and municipal infrastructure operators to leverage these same IPv6, machine-to-machine networks to deliver Smart City solutions. With as much as 40% of a city’s energy budget consumed by street lights, Silver Spring realized that networked LED street lights is one optimal asset entry point for cities to implement the network platform approach. Networking LEDs can save cities up to 65% in energy costs. Additionally by upgrading to smart street lights, operators will find that the automated systems provide maintenance and precise outage notifications, reducing operational costs by 40%.
As an industry pioneer, Silver Spring is also offering its Smart Street Light Solution with a revolutionary new Network-as-a-Service offering, enabling cities to ‘self-fund’ Smart City networks.
Via its new Network-as-a-Service offering, Silver Spring will deploy, manage and operate Smart City networks, such as intelligent streetlights, on behalf of cities, allowing them to avoid upfront capital equipment and deployment costs, and reduce operational and management expenditures. This reduces the risk of unwieldy and complex projects and allows cities to leverage the same network for the deployment of additional Smart City applications over time, lowering long-term costs and accelerating speed of deployment for new services.
The compelling economics of Silver Spring’s offering permits cities to invest proven operational and cost savings into additional Smart City applications for their citizens. Silver Spring’s open, standards-based solution, coupled with the insight-rich data delivered across the network, helps create a platform for entrepreneurs and software developers to bring additional innovations and value to the community. This also helps cities to further attract business investment, draw more skilled talent, and make themselves more economically competitive.
“Beyond delivering immediate savings through a highly visible service, cities are realizing that installing smart street lights can help overcome some of their biggest challenges, from economic competitiveness to sustainability to reducing nighttime crime,” said Eric Dresselhuys, Executive Vice President of Global Development, Silver Spring Networks. “If multiple applications are connected on one network, the benefits for a city are infinite. In the meantime, modernizing street lights is an achievable on-ramp to helping cities connect in the future.”