New Survey by Silver Spring Networks and Zpryme
Highlights the Top Five Trends for Utility Modernization of
Communication Networks
Utilities will rely heavily on RF mesh networks as a key
communication technology, according to new research commissioned by
Silver Spring Networks, Inc. (NYSE: SSNI) and conducted by Zpryme.
The research measured communication network priorities for
next-generation distribution grid optimization for 350 utilities
across the globe. The utilities surveyed noted that RF mesh
networks offer flexibility to adapt to the changing needs of the
electric network – through a focus on areas such as open standards
and interoperability – and can help maintain compatibility for
future needs.
The research also highlights the top five trends that were
common amongst the surveyed utilities:
1. Utilities recognize that their communication
networks must change to enable the next-generation distribution
grid. Just 6% feel extremely ready with their current
communication networks to support changes coming to the grid in the
next 5 years.
2. Fiber optic and RF mesh lead the future of layered
communication networks. 74% will use fiber optic, and 65% will
use RF mesh in the next decade.
3. Utilities will use RF mesh to address a variety of
use cases for field area networks. Top use cases include
distribution automation, fault detection and AMI.
4. No matter the technology or the need, reliability
remains a top priority for communications networks. 91% said
reliability is a priority for communications networks, followed by
cost (78%).
5. Cybersecurity is the most significant concern with
legacy communication networks. 56% listed cybersecurity as one
of the top 3 pain points for their utility.
Utilities are under enormous pressure to update their business
and service model to incorporate more renewable sources, restore
service faster after weather events, and meet higher customer
expectations. The results from this survey show that utilities are
aware of these challenges and are mindful of the steps they need to
take to address these challenges and pressures.
“These results show us that utilities are looking ahead to
proactively prepare for the future needs – including connecting
distribution automation, renewable energy, smart grid and smart
city assets – for improvement in service and reliability,” said
Matt Smith, Senior Director of Grid Management, Silver Spring
Networks. “Utilities that are adopting standards-based, secure,
reliable and scalable network platforms, such as the solutions
offered by Silver Spring Networks, can optimize their grid networks
to meet future needs and scalability demands.”
“The landscape of communication networks is drastically evolving
as utilities aim to improve service and sustainability,” said H.
Christine Richards, Vice President of Research, Zpryme. “This
research highlights what utilities are prioritizing as they look to
future next-generation distribution grid, and how these priorities
may evolve.”
Silver Spring has more than 26.7 million enabled devices
delivered on five continents. Silver Spring works with some of the
world’s leading utility companies on grid management programs
including Baltimore Gas and Electric, ComEd, CPFL Energia, CPS
Energy, Florida Power & Light Company (FPL), Pacific Gas &
Electric, Pepco Holdings Inc., Sacramento Municipal Utility
District and WEL Networks.
For a complete look at the communication network trends that are
shaping the next-generation grid, download the white paper:
www.ssni.com/moderngrid.
Join Silver Spring Networks’ Conversation
- Read more on the Silver Spring Connect
blog atwww.ssni.com/blog/
- Follow @SilverSpringNet on Twitter
- Like Silver Spring Networks on Facebook
at www.facebook.com/silverspringnetworks
- Learn more about the Wi-Sun Alliance
and the value of open standards-based IoT networking at
www.wi-sun.org
About Silver Spring Networks
Silver Spring Networks enables the Internet of Important Things™
by reliably and securely connecting things that matter. Cities,
utilities, and companies on five continents use the company’s
cost-effective, high-performance IoT network and data platform to
operate more efficiently, get greener, and enable innovative
services that can improve the lives of millions of people. With
more than 26.7 million devices delivered, Silver Spring provides a
proven standards-based platform safeguarded with military grade
security. Silver Spring Networks’ customers include Baltimore Gas
& Electric, CitiPower & Powercor, ComEd, Consolidated
Edison, CPS Energy, Florida Power & Light, Pacific Gas &
Electric, Pepco Holdings, and Singapore Power. Silver Spring has
also deployed networks in Smart Cities including Copenhagen,
Glasgow, Paris, Providence, and Stockholm. To learn more, visit
www.ssni.com.
About Zpryme
Residing in Austin, Texas, Zpryme is a research, media, and
events agency with a focus on energy. Based on the creative
direction of its associates, Zpryme produces influential research,
the Energy Thought Summit (ETS), and premium branding experiences
that challenge the status quo. Combined, ETS and Zpryme represent
digital and physical solutions that share stories of real people
and engage ideas and products influencing the grand energy
transition. For more, visit zpryme.com.
Forward-Looking Statements
This press release contains forward-looking statements about
Silver Spring Networks’ expectations, plans, intentions, and
strategies, including, but not limited to statements regarding
trends in the utility industry, and benefits of Silver Spring’s
technology. 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 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.
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Silver Spring NetworksAmy Nunnemacher, 669-770-4183Global
Communicationspr@ssni.com
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