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Silver Spring Networks to Assist Indianapolis Power & Light Company with Smart Grid Roll Out

Silver Spring Smart Energy Platform Expected to Deliver Improved Reliability and Customer Savings

Indianapolis, IN and Redwood City, CA, August 30, 2010 - Silver Spring Networks, a leading provider of Smart Grid solutions, today announced that it has entered into an agreement with Indianapolis Power & Light Company (IPL) to build IPL’s smart grid platform for deployment in the Indianapolis Metropolitan Region.

The deployment, to begin later this year, is part of IPL’s Smart Energy Project to promote energy efficiency, improve reliability, and deploy advanced metering. IPL is funding the project, in part, through a $20 million Smart Grid Investment Grant awarded by the Department of Energy (DOE) through the American Reinvestment and Recovery Act.

“By investing in the smart grid today, we are making a commitment to improving grid reliability, enhancing energy efficiency and providing consumers with an opportunity to better manage their energy use,” said Ann Murtlow, President and CEO of IPL. “Through the deployment of this system, IPL plans to build an enhanced energy system that will benefit our customers and community.”

“IPL’s commitment to improving the grid and empowering consumers is helping to transform our relationship with energy,” said Scott Lang, Chairman, President and CEO of Silver Spring Networks. “We are proud to work with IPL to roll out our Smart Energy Platform to provide technology that enables these important applications and is expected to bring the value of the smart grid to Indianapolis.”

Silver Spring’s unified infrastructure delivers the ability to run multiple applications over a secure IP-based network. Silver Spring will support IPL through a large-scale Distribution Automation system enabling much faster outage detection and notification, improving fault location and isolation and increasing energy efficiency. Silver Spring will also deploy Advanced Metering for IPL’s large commercial and industrial customers and a portion of its residential customers.

About Indianapolis Power & Light Company

Indianapolis Power & Light Company (IPL), a subsidiary of AES, provides retail electric service to more than 470,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit www.IPLpower.com.

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

Media Contact:
Silver Spring Networks
Lisa Magnuson
415-531-9199
pr@silverspringnet.com

IPL
Crystal Livers-Powers
317-393-7584
crystal.liverspowers@aes.com