REDWOOD CITY, Calif. — Silver Spring Networks Inc. announced an enhanced, smart water solution for utilities offering water services in combination with electric services to their customers, according to a press release.

The Silver Spring IPv6 network enables multiservice advanced metering, helping to provide the high performance, operational savings and advanced functionality previously embraced mainly by larger, investor-owned utilities, stated the release.

The release reported that Silver Spring is already set to deploy its smart water solution with City Utilities of Springfield, a multiservice municipal utility offering electric, gas and water services in Springfield, Missouri.

“Utilities are finding that the current analog ‘business as usual’ for water service no longer makes sense financially; we estimate that they can save around $12.5 billion through the implementation of smart water technology,” said Jason Rodriguez, CEO and director of research for Zpryme Research. “For multiservice utilities, the smart water market is becoming more of a priority as they see the benefits achieved from advanced metering infrastructure and other smart grid technologies.”

You can find the release here.