Smart grid company Silver Spring Networks held its first earnings call as a public company on Wednesday, and delivered a flat quarter. It’s a hard knock life in the hardware biz.
Utilities are increasingly embracing the tools needed to manage big data, and on Monday data warehouse software firm Teradata said it’s teamed up with power grid giant Siemens for a better way to manage the massive data flowing off the smart grid.
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The Weightless SIG claims the new standard will allow for ultra-low-power transmissions at long-range and at a cheap manufacturing cost. If true, that would make the technology ideal for M2M communications.
Silver Spring Networks has scored a deal with a Singapore utility as its first win in Asia. The company hopes other utilities in Asia will follow, given the region is supposed to have significant growth coming.
GigaOM Pro analyst Adam Lesser’s latest report on the opportunities for big data and the smart grid.
Smart grid company Silver Spring Networks saw its shares soar almost 30 percent in morning trading on its public debut on the New York Stock Exchange. The stock is settling around $21 per share, up from a pricing of $17 per share.
Silver Spring Networks prices its IPO at the midpoint of its planned range, but ends up selling a million more shares, leading the company to raise $81 million. The smart grid company debuts on the New York Stock Exchange today under the symbol SSNI.
Silver Spring Network’s IPO could be as early as Wednesday (yep tomorrow). It’s been a year and a half since Silver Spring first filed to go public.
As utility markets in the U.S. trudge toward deregulation, many on the smart grid and renewable energy startup scene feel that deregulation could further grease the wheels of their businesses.