Global energy market research firm Frost & Sullivan has recognised Silver Spring Networks as the Asia Pacific region’s smart utility platform provider of the year.According to a statement, the IoT communications solution provider has been recognised for deployments made of its IPv6 platform by water, electric and gas utilities in developing, running and managing a variety of smart applications.
The solutions provider claims its technology is helping utilities in the region to improve their operational efficiency and create new revenue streams by integrating infrastructure and technologies smart streetlights and smart cities services.
Avanthika Satheesh, Industry Analyst, Energy & Environment, Frost & Sullivan, commented: “In 2016, the company showed remarkable momentum in Asia Pacific, primarily attributed to the smart utility projects with CESC Limited in India, SP Group in Singapore, and for customers in the State of Victoria.”
To date, more than 2.9 million IoT devices deployed in the Asia-Pacific region are using the open standard based IPv6 IoT communication platform to connect.
In 2016, the solutions provider was selected by Frost & Sullivan as the Asia-Pacific Smart Grid Service Provider of the year.
Global smart utility platform adoption
At a global scale, the company’s smart utility platform is being used to provide connectivity to some 26.7 million utility devices deployed across five continents by companies including Western Power, PowerCo and United Energy.
Alex Beveridge, general manager – Asia Pacific, Silver Spring Networks, added: “Until recently, utility customers in the region have only been exposed to vertical solutions, which has meant lower lifecycle value from their investment and, very often, vendor lock-in resulting in limited functionality.
“The increasing adoption of open, standards-based technology means that energy providers in the Asia Pacific region can unlock the smart grid market and use this same technology to evolve to other industrial Internet of Things initiatives over time.”
The news follow last week's collaboration between Silver Spring Networks and India-based smart meter manufacturer Genus Power, in an effort to boost capabilities of advanced metering infrastructure to be deployed in India and Singapore.
According to a statement, Genus Power will integrate Silver Spring Networks’ IPV6 network interface cards for secure, faster and reliable data telemetry between smart meters and utilities’ central meter data processors. Read more...
Image Credit: 123rf.