REDWOOD CITY, Calif.--(BUSINESS WIRE)--C3 Energy announced today that it has been recognized as a finalist in the 2014 Product Innovation Awards, presented at European Utility Week, Nov. 4-6. C3 Energy’s smart grid analytics software is one of three finalists in the Smart Metering, ICT and Grid Security category.
C3 Energy’s smart grid analytics Software-as-a-Service solutions enable utilities to realize the full economic, social, and environmental promise of a smarter grid. In the nomination, two applications—C3 AMI Operations™ and C3 Revenue Protection™—were acknowledged for their innovation. By integrating billions of data points and applying machine learning and advanced analytics in real time, these applications pinpoint meter health and detect fraud with 90 percent accuracy compared to an industry standard of 30 percent. These applications are used by leading utilities in Europe and North America, spanning 42 million meters, and deliver €10-20 per meter/year in economic benefit.
“Leveraging big data techniques commonly used by Netflix and Twitter, including next-generation machine learning, C3 Energy’s solutions are being applied to challenges utilities have faced for years, such as managing the operational health of AMI assets and preventing revenue loss due to theft and meter malfunctions,” said C3 Energy President and Chief Technology Officer Ed Abbo. “C3 AMI Operations and C3 Revenue Protection have been specifically designed to meet the analytic requirements of utilities and have been proven to scale at some of the world’s largest utilities.”
Finalists were selected based on originality, innovative value, practicality, sustainability, and design and will be featured in the Innovation Hub throughout the event, which is being held Nov. 4-6 in Amsterdam. For more information, visit http://www.european-utility-week.com.
About C3 Energy
C3 Energy is an 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 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.