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Silver Spring Networks Extends Smart Energy Platform To Integrate Renewable Energy Sources And Empower Consumers

Stocks in this article: SSNI

Today at Solar Power International 2013, Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, announced the integration of solar inverters with its Smart Energy Platform. As part of the U.S. Department of Energy’s SunShot Initiative, Silver Spring’s standards-based networking platform and CustomerIQ™ consumer engagement solution with photovoltaic (PV) enhancements have been selected by the University of Hawaii at Manoa’s Hawaii Natural Energy Institute (UH-HNEI) for solar integration projects in Hawaii, New Jersey, and the District of Columbia. Silver Spring’s proven IPv6-based networking platform and industry leadership around standards such as Smart Energy Profile 2.0 and SunSpec was a key criterion for selection.

“The integration of renewable energy is becoming more prominent every day – residential PV penetration is estimated to double over the next few years. Taking an end-to-end approach, by empowering the end consumer and building in intelligence at every layer of the network itself, is critical as we integrate a greater diversity of distributed energy sources,” said Raj Vaswani, Chief Technology Officer, Silver Spring Networks. “Basic web-only consumer behavior modification solutions simply can’t handle the rising tides of complexity. Together with UH-HNEI and our partners we’re taking a holistic approach that unlocks benefits for both users and utilities.”

The State of Hawaii is already a leader in the production of solar energy. In collaboration with the Maui Electric Company and Hawaiian Electric Company, the UH-HNEI project is designed to enable utilities to better manage and integrate PV systems through inverter control to allow for higher penetrations of solar energy on the grid. New enhancements to the Silver Spring CustomerIQ consumer engagement platform help analyze and present the data so customers better understand the net billing impact of installing solar in their homes, and helps guide economical energy usage throughout the day.

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