Smart grid technology company Silver Spring Networks has moved into demand-side management with two new software applications.
The software offerings, UtilityIQ® Demand Response Manager™ 1.0 and CustomerIQ™ Web Portal 1.5, work in conjunction with Silver Spring's IP v6-based Smart Energy Platform to enable utilities to interactively engage customers and manage demand.
Through this integrated approach Demand Response software communicates with in-home devices over the two-way smart grid network, in real time, enabling deployment of demand response programs and more meaningful information about energy consumption and costs.
Silver Spring said the UtilityIQ Demand Response Manager 1.0 allows utilities to reduce energy procurement costs and potentially defer construction of new generation capacity by providing improved load shed predictability and real-time load management. Silver Spring offers this software together with certified in-home devices, project management, program planning and recruitment and installation services for a complete, end-to-end demand response solution for utility clients.
CustomerIQ Web Portal 1.5 enables utilities to directly engage customers to reduce support costs and deliver energy efficiency improvements in meeting overall demand reduction goals. The company said the redesigned user interface of CustomerIQ 1.5 gives customers better insight into their energy usage and costs--such as comparison to similar homes in their neighborhoods and compatibility with smart phones and tablets.
UtilityIQ Demand Response Manager and CustomerIQ have been designed to work directly with Silver Spring's Advanced Metering infrastructure and software which strengthens the capabilities of each solution. For example, when a utility issues a price alert, it is automatically reflected in Demand Response Manager, CustomerIQ, and devices in the home and leverages interval readings in Advanced Metering Manager to display appropriate billing information to customers.
The commercial energy management systems market is expected to surpass $6 billion by 2014, according to a recent analysis. Siemens (NYSE: SI) recently strengthened its portfolio in the sector with th acquisition of Texas-based Site Controls, and Constellation Energy (NYSE: CEG) has signed an agreement to acquire demand response provider CPower.
Silver Spring Tops Cleantech 100 List
Silver Spring Networks this week was ranked Number 1 on the 2010 Global Cleantech 100. The ranking adds to the company's growing list of awards including the top honor in the 2010 AlwaysOn GoingGreen Silicon Valley 100 and recognition in Platt’s 2010 Global Energy Awards