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LO3 Energy, Inc.

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LO3 Energy, Inc. - Energy & Power showcase

Year Founded & Workforce

2012

28 Employees

Industry

Energy & Power

Services

Exergy
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LO3 Energy, Inc. Overview

Company Headquarter: New York, U.S.

Founded: 2012

Workforce: 28

Company Working: LO3 Energy Inc., is a U.S. based technology provider that also offers business development consulting services. The company has its major operations on decentralized business models with specific focus to innovative technologies in sectors such as energy, cleantech and currency systems. LO3 Energy has diverse operational portfolio including operations such as the development of utility design hardware, policy advocacy, and final product design including technical standard setting. LO3 energy also benefits from its deep expertise in cryptography, cybersecurity, peer-to-peer consensus along with distributed energy computing. The company’s major strength is its unique experience of integrating blockchain technology with different energy generation techniques, such as thermal and renewable sources

Company Snapshot

28

Employees

2012

Founded

Key Developments

DateApproachDevelopment
April 2018Partnership & CollaborationResidents, dairy farmers and businesses in Australia joined hands to develop energy solutions thorough blockchain technology. LO3 energy tested and carried out new feasibility studies for deployment of new virtual microgrid network with blockchain technology with support from its partners. The project is expected to profit dairy farmers by trading their excess generation and manage their own energy
April 2018Partnership & CollaborationLO3 Energy in partnership with Direct Energy Business, a Texas-based distributor provider, launched the world’s first micro energy hedging platform. The project is expected to benefit Texas businesses by helping them cut cost and improve efficiency for commercial businesses
December 2017Partnership & CollaborationSiemens, a global energy conglomerate had announced that it is investing in LO3 Energy in a move to make blockchain a piece of its microgrids strategy. This is in continuation of their previous collaboration where Siemens was providing advanced controllers and analytics for LO3 energy’s microgrid projects.
December 2017Partnership & CollaborationLO3 Energy signed a Memorandum of Understanding (MoU) with European Power Exchange EPEX SPOT for developing solutions that connect the local and wholesale power market using blockchain technology. The partnership realization will be achieved through pilot projects in Europe, where LO3 energy will deploy its expertise blockchain in peer-to-peer energy sharing in community microgrid projects.

Product Offering

  • LO3 Energy, Inc.
    • Exergy

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