ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

C3 AI Powered New York Energy Manager to Help the State With Energy Sustainability Push

New York’s Climate Leadership and Community Protection Act requires State operations to run on 100% clean electricity by 2030

State agencies play key role in energy efficiency measures

As part of a major sustainability effort, New York State has issued a new executive order directing all state agencies to use the New York Power Authority’s (NYPA) NY Energy Manager application as the system of record for their energy data. The NY Energy Manager uses a system developed and deployed with C3 AI (NYSE: AI), a leading enterprise AI software application company, to monitor and help mitigate energy use at more than 1,000 state agencies and other customers.

“This announcement shows how increasingly significant the NY Energy Manager platform is to New York State’s demonstration of leadership in sustainability,” said Emilie Bolduc, NYPA’s Vice President of Distributed Energy Resources. “The dataset will be the foundation to create a baseline for state agencies’ greenhouse gas emissions and to measure their progress toward achieving New York State’s Climate Leadership and Community Protection Act goals.”

The NY Energy Manager application, built on the C3 AI Energy Management application, includes more than 17,000 facilities for more than 1,000 customers, including communities, businesses, municipalities, and electricity providers in New York. It will now serve as the system of record for all energy data from all state agencies.

“We are pleased to participate in this significant statewide initiative,” said Ed Abbo, President and CTO of C3 AI. “This is great validation in the work C3 AI has done with the New York Power Authority, and we look forward to helping New York make its public sector operations more sustainable.”

Among the many other goals spelled out in New York’s Executive Order 22, addressed in part by C3 AI’s system, is a mandate for state operations to run on 100% clean electricity by 2030.

C3 AI Energy Management unifies all energy-related data in one platform, enabling near real time tracking and mitigation of the state’s energy and greenhouse gas footprint. The system was selected by NYPA through a competitive bidding process. The most recent product release, C3 AI ESG, extends that functionality to enable reporting and forecasting of Scope 1, Scope 2, and Scope 3 emissions consistent with all regulatory reporting standards. The application also recommends and tracks mitigation initiatives to help customers achieve their energy and sustainability targets.

About C3.ai, Inc.

C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Application Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally.

Contacts

C3 AI Public Relations

Edelman

Lisa Kennedy

415-914-8336

pr@c3.ai

Investor Relations

ir@c3.ai

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.