Information Systems for Environmental Sustainability

IT, Resource Productivity, Environmental Preservation, and the Fourth Industrial Revolution

Tom Siebel’s C3 “Enterprise Energy Management Platform” Goes Live

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According to Paul Baier:

After operating in stealth mode for three years, high-profile software startup C3 unveiled its software products and customers this week. Founded by software veteran Tom Siebel, the company raised $45 million and attracted luminaries such as Condoleezza Rice to its Board…

The sophisticated, software-as-a-service (SaaS) suite has five components: C3 Energy (for energy management), C3 Sustainability (for greenhouse gas inventory), C3 Mitigation (to track energy projects and their return), C3 Incentives (a library of government and utility financial incentives), and C3 Foundation (for energy modeling, key performance indicators, security, etc.)

The software products are differentiated in a number of dimensions, including ability to handle massive amounts of data (generated from interval data from utility and submeters), modeling of energy loads, content libraries for federal and utility incentives, and scenario planning. The products are supported by an accomplished senior management team and a strong balance sheet.

The company announced seven customers. Three companies use C3 software to manage their own energy use and projects. These include Pella, a discrete manufacturer, Dow Chemical, and Masdar City, a municipality in the United Arab Emirates.

C3, KKR’s Green Portfolio, Tesco, and SAP are just a few examples that illustrate the significant business opportunities resulting from effective use of IT for environmental sustainability.

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Author: nigelpm

Associate Professor of Information Systems, Stephen M. Ross School of Business, University of Michigan - Helping organizations to navigate digital transformation.

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