Green:Net 2010:

Silver Spring Networks, a leading Smart Grid solutions provider, announced today that Oklahoma Gas & Electric is implementing Silver Spring technology to power Demand Response programs to consumers recruited for a study in Norman, Oklahoma. These programs will give consumers the awareness, connectivity and control they need to use energy more wisely, save money and reduce their carbon footprint.

As part of the current deployment phase of OG&E’s Positive Energy R Smart Grid program, Silver Spring is leading the utility’s implementation of a fully integrated Demand Response solution to consumers in Norman, Oklahoma including the selection, deployment and operation of the Home Area Networking devices. These devices, such as smart thermostats and in-home displays allow consumers to participate in time-of-use pricing programs. Through Silver Spring’s CustomerIQ web portal, formerly known as Greenbox, study participants have a simple, engaging interface for understanding, tracking and managing their energy use in real-time. In addition, Silver Spring is providing its UtilityIQ back-office software to manage the Demand Response functionality, as well as integration services across a range of applications. The Silver Spring Demand Response solution is fully integrated with the company’s end-to-end, IP-based Smart Energy Platform.

“Silver Spring continues to innovate and provide leading Smart Grid solutions. Their Demand Response solution enables us to present our consumers with an array of choices and services around how they use energy,” said Ken Grant, managing director of OG&E’s Smart Grid program. “Delivering the tools and information consumers need to understand their energy use and respond to price signals is a critical step toward delivering on the promise of the Smart Grid.”

Numerous studies have demonstrated that consumers will reduce their energy consumption by about five to 15 percent when they can understand what they’re using and how much it costs. Savings approximately double when awareness is coupled with in-home devices that can be set to automatically respond to price signals or other information. OG&E’s pilot study in the summer of 2008 with a limited number of consumers confirmed these findings. Consumers in the study achieved at least a 10 to 15 percent savings on their monthly energy bills compared to standard flat rate. Real-time feedback prompted consumers to shift tasks, such as clothes drying, to times when energy was cheaper. With the efficiencies created by the program, OG&E estimates it could avoid building two new 165MW peaking generation plants between now and 2016, a cost savings of up to $320 million over 10 years.

“For the first time in the grid’s 100-year history, consumers can understand exactly how much energy they are using and can participate in cost-saving programs,” said Scott Lang, Chairman, President and CEO of Silver Spring Networks. “OG&E has taken the next step by providing its consumers with three critical features: awareness, connectivity and choice. We are excited to drive this level of consumer empowerment with such a progressive utility.”

About Silver Spring Networks

Silver Spring Networks is a leading Smart Grid solution provider that enables utilities to achieve operational efficiencies, reduce carbon emissions and empower their consumers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware, software and services that allow utilities to deploy and run multiple advanced solutions, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. Silver Spring’s Smart Energy Platform is based on open, Internet Protocol (IP) standards, allowing continuous, two-way communication between the utility and device on the grid. Silver Spring has numerous deployments with leading utilities in the US and abroad, including Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, Inc., Jemena Electricity Networks Limited and United Energy Distribution, among others. For additional information, please visit www.silverspringnet.com.

About Oklahoma Gas & Electric

OG&E is Oklahoma's largest utility, serving more than 775,000 consumers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas. OG&E is a subsidiary of Oklahoma city-based OGE Energy Corp. (NYSE:OGE), which also is the parent company of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma.

Copyright Business Wire 2010