Brooklyn Microgrid Launches Campaign to Create Regulatory Sandbox

Brooklyn Microgrid

Brooklyn Microgrid, the first energy project in the United States to use blockchain technology for energy transactions, is trying to win regulatory approval that would make it possible for project participants to buy and sell energy to each other. Run by LO3 Energy as a test project since 2016, the microgrid began in the Park Slope … [Read more...]

Japanese Giant Sumitomo Enters US Microgrid Market with Investment in LO3

LO3 Energy

Japanese conglomerate Sumitomo has entered the US microgrid market with an investment in New York-based blockchain innovator LO3 Energy, a company perhaps best known for the Brooklyn Microgrid, a peer-to-peer energy trading experiment that has captured worldwide attention.   Sumitomo was one of two major investors to give new backing to LO3 this … [Read more...]

Siemens Ups its Blockchain Ante with New Investment in LO3 Energy

blockchain

Siemens sent a clear signal that it sees promise in LO3 Energy's blockchain distributed energy ledger with an increase in its stake in the emerging technology. The global technology giant recently closed out LO3 Energy's Series A venture capital funding round. "Siemens' investment in LO3 represents our acknowledgement of the future potential … [Read more...]