Auckland, New Zealand and Redwood City, CA, U.S.A. --- (METERING.COM) --- July 30, 2013 - SmartCo, a consortium of New Zealand lines companies, has selected Silver Spring Networks, Inc. to deploy an advanced smart grid network across New Zealand.
SmartCo is pursuing an innovative new business model in New Zealand’s disaggregated market where retailers are responsible for deploying smart meters. SmartCo and its lines company members will use Silver Spring’s platform to generate incremental revenue by providing smart metering services to energy retailers. The lines companies will also leverage the same platform to improve services for consumers including faster outage detection and restoration and improved power quality.
“Building our own Silver Spring mesh network will allow us to cost effectively provide the highest possible meter coverage for our retailer customers,” said John O’Hara, executive chairman at SmartCo. “Moreover, Silver Spring’s open platform gives our lines companies the broadest choice of meter partners and advanced features that will allow them to improve their network services for consumers.”
SmartCo members include Alpine Energy, Counties Power, Electricity Invercargill, Network Tasman, The Power Company, and WEL Networks, serving more than 250,000 urban and rural consumers across New Zealand.