C3 Energy Reports Record Midyear Performance
C3 Energy Reports Record Midyear Performance Nov 2014
Bookings up over 200%. Market share exceeds 40%
November 11, 2014, REDWOOD CITY, Calif.-- C3 Energy announced today results from the first half of its fiscal year ending March 2015, including increased bookings of more than 200 percent, product deployment outcomes exceeding 150 percent of customer targets, and new products launched to address utilities’ most critical challenges.
Importantly, less than 18 months after its initial product announcement, the C3 Energy analytics platform is now being installed at 20 major utilities, addressing more than 52 million smart meters. These installations collectively exceed 40 percent of the smart meters currently installed in the world, excluding China. These smart grid analytics applications include: C3 AMI Operations™, C3 Revenue Protection™, C3 Predictive Maintenance™, C3 Energy Intelligence™, C3 Customer Segmentation & Targeting™, C3 Platform as a Service™, and the C3 Energy customer engagement and energy efficiency solutions for residential, small business, and commercial customers.
From April to September 2014, C3 Energy increased bookings, as defined by irrevocable contracts, by more than 200 percent compared to the same period of the prior year. These bookings include new, renewal, and expansion contracts with many of the leading utilities across North America and Europe, including Commonwealth Edison, Baltimore Gas and Electric, Enel, Endesa, Exelon, GDF SUEZ, Hydro-Québec, Northeast Utilities, Pacific Gas and Electric, Citizens Utility Board of Illinois, Westar Energy, and others. With these contracts, C3 Energy has established a global market-leading position in smart grid analytics.
To support the growing needs of its customer base and expanding product line, C3 Energy substantially increased headcount including software implementation, engineering, machine learning, and sales professionals and expanded to include five locations across the United States, in addition to Europe and Asia including France, Italy, China, and Japan.
About C3 Energy
C3 Energy is a SaaS and PaaS enterprise application software company that harnesses the power of big data, smart grid analytics, social networking, machine learning, and cloud computing to improve the safety, reliability, and efficiency of power generation and delivery. C3 Energy’s family of utility-tested and proven smart grid analytics products deliver end-to-end solutions across the entire smart grid, from energy grid capital asset allocation, transmission, distribution, and advanced metering, to the customer experience and energy efficiency programs. C3 Energy products enable utility operators to realize the full benefit of their smart grid and energy system investments. Learn more at C3Energy.com.
Jessica Reiter, 650-503-2200