Energate Inc.

Energate Inc.

April 29, 2010 07:01 ET

Energate and Silver Spring Networks Announce Strategic Partnership

Combined solution enables utilities to execute scalable Demand Response programs. Joint deployment at Oklahoma Gas & Electric underway

OTTAWA, ONTARIO--(Marketwire - April 29, 2010) - Energate, a leading provider of Demand Response and home energy management solutions for the utility industry, today announced the signing of a strategic partnership with Silver Spring Networks, a leading Smart Grid solutions provider, to offer a complete Demand Response solution to utilities.

Through this partnership, Silver Spring will expand its Demand Response solution to offer elements of Energate's Consumer Connected Demand Response (CCDR) product set, including smart thermostats, load control switches, gateways, and software. The combined solution incorporates Silver Spring's existing Advanced Metering, UtilityIQ and CustomerIQ applications, providing a powerful solution set for utilities of all sizes.

"As utilities develop and deploy their Smart Grid solutions, demand response programs play a critical role, through direct load control and time of use pricing," said Judy Lin, Chief Product Officer, Silver Spring Networks. "We are delighted to formalize a relationship with Energate, a leader in demand response solutions for the Smart Grid, and help more utilities empower more consumers to realize the potential of the Smart Grid."

"We are pleased to strengthen the relationship with Silver Spring Networks. This partnership provides an end-to-end Demand Response solution for utilities," said Niraj Bhargava, Chief Executive Officer of Energate. "Silver Spring has emerged as a Smart Grid leader, and with this agreement, the company is now able to clearly deliver a complete Demand Response to their utility customers."

Energate and Silver Spring are currently providing in-home technology for the Silver Spring deployment with Oklahoma Gas & Electric (OG&E) as part of its Positive Energy® Smart Grid Program. Energate smart thermostats will enable participating OG&E customers to automatically control their energy use in response to time-of-use rates. 

The Energate and Silver Spring Demand Response system operates over the Silver Spring Smart Energy Platform or Energate CCDR broadband networks. Energate's Pioneer Z100 thermostat is the first smart thermostat that Silver Spring has qualified as interoperable with its Smart Energy Platform. The devices are also fully upgradeable over-the-air to provide long-term value.

About Energate
Energate is a leading provider of home energy management and demand response solutions including software, communicating smart thermostats, switches and consumer energy displays. The Consumer Connected Demand Response (CCDR) solution allows utilities to immediately address home energy demand challenges and empowers consumers to more effectively manage their energy use. Energate products seamlessly connect to smart grids to deal with supply and demand challenges, the increased use of renewables and dynamic rate structures. Founded in 2004, Energate's offices are in Ottawa, North Carolina and California. Visit www.energateinc.com

About Silver Spring Networks
Silver Spring Networks is a leading Smart Grid solution provider that enables utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware, software and services that allow utilities to deploy advanced solutions, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network. Silver Spring's Smart Energy Platform is based on open, Internet Protocol (IP) standards, allowing continuous, two-way communication between the utility and devices on the grid. Silver Spring has numerous deployments with leading utilities in the US and abroad, including Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, Inc., Jemena Electricity Networks Limited and United Energy Distribution, among others. For additional information, please visit www.silverspringnetworks.com.

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