PG&E selects Silver Spring Networks for smart grid networking

Redwood City, CA, July 29, 2008 — Silver Spring Networks announced that it has been selected by Pacific Gas and Electric Co. (PG&E) to provide advanced networking products and services for its 5 million electric customers in California. Silver Spring was selected after a market review and field testing, to support PG&E’s SmartMeter Program Upgrade. Silver Spring Networks and PG&E have signed a definitive agreement and deployment activity is underway, with full metering deployment expected to be completed by 2012.

PG&E will initially focus on using Silver Spring Networks’ technology to support advanced metering and home networking applications. In addition, Silver Spring Networks will provide a networking platform that is designed to enable PG&E to realize additional operational and environmental benefits in the future.

Under the agreement, Silver Spring Networks will provide network infrastructure, network devices, operating software and a variety of services in long-term support of PG&E’s efforts. Although initial deployments are scheduled to be completed within 5 years, the contract extends to provide continued support and expansion over 20 years. Under the agreement, PG&E will have broad flexibility in managing the timing and scope of its technology deployments. In addition, certain services and products under the agreement are contingent on regulatory approval as part of PG&E’s SmartMeter Program Upgrade.

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