Recent developments of high-end processors recognize temperature monitoring and tuning as one of the main challenges towards achieving higher performance given the growing power and temperature constraints. To address this challenge, one needs both suitable thermal energy abstraction and corresponding instrumentation. Our model is based on application-specific parameters such as power consumption, execution time, and asymptotic temperature as well as hardware-specific parameters such as half time for thermal rise or fall. As observed with our out-of-band instrumentation and monitoring infrastructure, the temperature changes follow a relatively slow capacitor-style charge-discharge process. Therefore, we use the lumped thermal model that initiates an exponential process whenever there is a change in processor’s power consumption. Initial experiments with two codes – Firestarter and Nekbone – validate our thermal energy model and demonstrate its use for analyzing and potentially improving the application-specific balance between temperature, power, and performance.