This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Silver Spring Networks And CPFL Energia Complete Successful First Phase Of Brazilian Smart Grid And Initiate Expanded Deployment

Today at the DistribuTECH Brazil conference, Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, and CPFL Energia, Brazil's largest private electricity group, announced the successful completion of the Grupo A client smart grid rollout in the state of Sao Paulo. The next phase, which calls for CPFL to implement the smart grid for Grupo A clients in the state of Rio Grande do Sul, is expected to bring the total number of commercial and industrial customers connected to over 25,000 by the end of 2014.

CPFL also expects to leverage the already installed Silver Spring networking platform for an initial project to deploy the smart grid to residential, low-voltage customers later in 2013. CPFL further expects to partner with Silver Spring on an initial Distribution Automation project which will automatically reinstate itself in case of failure, redirecting energy flows though alternative channels to increase service reliability. This Distribution Automation project will also leverage Silver Spring’s standards-based network already in place.

“CPFL is leading the Brazilian energy industry with this smart grid rollout, unlocking benefits for customers, and improving the operating efficiency of its grid,” said Arthur Lobato, Country Manager, Silver Spring Networks Brazil. “We’re excited to help CPFL leverage its underlying platform to deliver more advanced smart grid solutions to its customers.”

“As a part of CPFL`s Tauron infrastructure modernization initiative, we’ve devoted much of our investment to this smart grid program,” said Paulo Bombassaro, engineering director at CPFL Energia. “CPFL’s success leading the first commercial-grade smart grid deployment in Brazil is based on the IPv6 platform from Silver Spring, and our customers are already reaping the benefits today.”

“We congratulate CPFL on its initiative to modernize its power infrastructure,” said Nelson Fonseca Leite, President of ABRADEE (Brazilian Association of Energy Distributors). “CPFL has built a successful smart grid deployment case and demonstrated that this is a sustainable concept.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs