Case Study 10Silver Spring Networks Nov 30, 2011 ⓒ 2011 insprout Corporation. All rights reserved
Company Overview Name Silver Spring Networks 575 Broadway StreetHeadquarters Redwood City, CA, 94063Year Founded 2002 Employees 519 employees (registered on linkedin as of Nov. 2011) A Smart Grid communications company, supplying utilities Business with wireless mesh equipment to enable two-way Sectors communication networks throughout the electric grid. 2 ⓒ 2011 insprout Corporation. All rights reserved
Funding History Year Amount Participants in the Round Foundation CapitalSeries C Jun.2008 17.4M Edison Electric InstituteUndistri- KPCB, Foundation Capital Oct.2008 75M buted JVB Properties, Northgate CapitalSeries D Mac.2009 15M KPCBUndistri- Google Ventures, Foundation Capital Dec.2009 100M buted KPCB, Northgate CapitalUndisti- Jul.2011 NA GSV Capital buted Total - 207.5M - 3 ⓒ 2011 insprout Corporation. All rights reserved
Focus Area SSN 4 ⓒ 2011 insprout Corporation. All rights reserved
Overview of the SSN’s Smart Energy PlatformFor more information, please see the movie linked below.http://www.youtube.com/watch?v=6-alYYaMG9A 5 ⓒ 2011 insprout Corporation. All rights reserved
Reference: Various AMI Networks and Characteristics 6 ⓒ 2011 insprout Corporation. All rights reserved
Scope of Services ~details of Smart Energy Platform 3rd Party Utility Back-Office Systems Software Demand Side Management Advanced Distribution Energy Demand Electric Metering Automation Efficiency Response Vehecle UtilityIQ UtilityIQ UtilityIQ UtilityIQSSN Advanced Power Monitor CustomerIQ Demand Response Demand Response Metering Manager Manager ManagerApplications UtilityIQ Outrage Detection CustomerIQ System Acccess Relay Point SSN Critical Operations GridScape forSSN Protector Distribution Services AutomationNetworking 3G Meter ConfiguratorPlatform GridScape – Management and Security Software UtilOS – Network Operating SystemSSNHardware Communication Module Bridge Communication Module Communication Module Communication Module 3rd Party Capacitor Bank EV Supply Hardware Controllers Equipment Meter In-Home Display Thermostats 7 ⓒ 2011 insprout Corporation. All rights reserved
Risk Factors A history of losses to date, and anticipate continued losses and negative operating cash flow for foreseeable future. For concrete date, see p8. Reliance on a limited number of utility customers for significant portion of billings. Sales cycles to utility customers can be long & unpredictable. Utility generally has extensive budgeting, procurement, performance review and regulatory approval processes that can take up to several years to complete. Utility may require pilot programs to test new products before committing to a larger deployment. These pilot programs may be lengthy and further delay the sales cycle with no assurance that they will lead to a larger deployment or future sales. Recognition of sales is deferred into future periods. As of Sep.30, 2011, SSN has $409 million in deferred revenue. 9 ⓒ 2011 insprout Corporation.*Source: EnerNOC 2010 Annual Report All rights reserved
CitationsEnglishhttp://sec.gov/Archives/edgar/data/1180079/000119312511286527/d17578ds1a.htmhttp://gigaom.com/cleantech/silver-spring-networks-ipo-what-you-need-to-know/Japanesehttp://www.blwisdom.com/trend/53/3.htmlhttp://www.itrco.jp/wordpress/?p=1336http://www.jetro.go.jp/jfile/report/07000364/us_environment_business.pdf 10 ⓒ 2011 insprout Corporation. All rights reserved
TO BE CONTINUEDWe will analyze in detail various EMS technologies and companies in those domains 11 ⓒ 2011 insprout Corporation. All rights reserved
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