Smart-meter specialist Silver Spring Networks says it has won a contract with SP PowerAssets to participate in a smart-grid deployment in Singapore.
A part of the Singapore Power Group (Singapore), SP PowerAssets is to use Silver Spring’s IPv6-based wireless networking platform across its entire service territory.
Singapore Power Group serves about 2 million customers in the country.
“As a global industry leader, SP PowerAssets is widely recognized for its business and technological innovations in delivering reliable and secure energy to one of the most advanced economies [and] we are honored to partner with them on this next-generation AMI [advanced metering infrastructure] deployment,” said Scott Lang, the chairman, president and chief executive of Silver Spring (Redwood City, CA, USA).
“Our proven, IPv6-based networking platform establishes an open and interoperable foundation upon which SPPA can deliver AMI services to its customers for years to come,” he claimed.
According to a report from GigaOm, Silver Spring is hoping the deal will lead to further smart-meter business in Asia.
The company is looking to expand outside its domestic market, where smart-meter deployments are expected to slow down over the next two years as projects are completed and stimulus funding dries up.
In other parts of the world, by contrast, smart-meter business is thriving, and Silver Spring has already won deals in Australia.
Market-research company Pike Research expects 55% of all meters to be ‘smart’ by 2020, up from just 18% in 2012.
Silver Spring says it is partnering with STEE-Infocomm, a division of Singapore Technologies (Singapore), on the SP PowerAssets deployment.
STEE-Infocomm is to provide implementation and logistics support, according to Silver Spring’s statement.