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Silver Spring Networks’ technology is inside 8 million deployed connected devices and another 9 million under contract, and the company has benefited from the $4 billion U.S. federal smart-grid stimulus.
The company’s recent plan to raise up to $150 million in an initial public offering is the biggest news the smart-grid sector has seen since it landed $4 billion or so in federal stimulus grants. Of course, it’s also coming at a time when that funding is running dry, leaving many industry observers wondering what comes next. In my weekly update at GigaOM Pro (subscription required), I take a look at the smart-meter-networking champion’s future possibilities and challenges as it seeks to expand — and examine what that means for the industry as a whole.