Silver Spring Networks signs on for ComEd's 10-year smart grid expansion
By: SGN Staff
Silver Spring Networks and ComEd have wrapped up an agreement for the smart grid networking platform and solutions company to deploy its Smart Energy Platform to almost 4 million homes, businesses and distribution automation devices as a major component of the utility's long-term smart grid expansion program.
Silver Spring will play a critical role in ComEd's 10-year, $2.6 billion Infrastructure Investment Plan which will be carried out under the Energy Infrastructure Modernization Act approved by the Illinois General Assembly in October.
The utility plans to spend $1.3 billion to upgrade the electric system and another $1.3 billion to add smart grid technologies. After the agreement is reviewed by the Illinois Commerce Commission, ComEd will start installing smart meters.
The new agreement between ComEd and Silver Spring follows an advanced metering infrastructure pilot program they conducted that showed significant benefits for full-scale deployment, including better outage management. The pilot also demonstrated that giving customers new pricing and information options with advanced technology can save them money.
In the smart grid program, Silver Spring's unified networking platform will run multiple applications such as advanced metering and distribution automation.
It's about jobs, too
There's more to the story than enhanced service reliability and new technologies. The initiative is expected to sprout more than 2,000 full time equivalent jobs during peak construction in engineering, IT, dispatching, equipment distribution, energy efficiency, and of course, construction. Silver Spring plans to open a new office in Chicago and set up a network operations center that will require filling positions in sales and marketing, network operations, project management and field engineering to support the project.
"We are delighted to bring new green jobs to the city of Chicago as well as the benefits of a modern grid - increased reliability, consumer choice and energy efficiency - to the state of Illinois," said Scott Lang, Silver Spring chairman, president and CEO.
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