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...]

Kyocera and LO3 Test Blockchain for a Virtual Power Plant in Japan

virtual power plant

Kyocera and LO3 Energy are working on a joint project to test the feasibility of a virtual power plant managed by blockchain technology, the same technology used in cryptocurrencies like Bitcoin. The test, at Kyocera’s Yokohama Nakayama office in Kanagawa Prefecture, Japan, will be on a small virtual power plant that uses the company’s solar … [Read more...]

My Car, Your Home, a Microgrid and the Future

LO3

Cars, homes and microgrids will be key market actors in a future where consumers produce and share energy. eMotorWerks and LO3 Energy intend to demonstrate that such a future is getting closer. The two companies announced a collaboration today to test tools that will let consumers buy and sell electricity within microgrids using their homes … [Read more...]

Microgrid Clustering and the Dilemma of Human Nature

energy blockchain

It won’t happen overnight, but eventually microgrids will interact with each other to achieve greater efficiencies, a concept known as microgrid clustering or grid-of-microgrids. How much and how soon remains to be seen, but clustering is beginning. Commonwealth Edison is the first utility to move forward with a microgrid cluster of … [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...]

LO3 Blockchain to Connect Microgrids to European Wholesale Power Market

blockchain

LO3 Energy and European electricity exchange EPEX Spot plan to develop blockchain energy trading and transaction systems to link microgrids with the European wholesale power market. Staging an international launch event in Paris this week, EPEX Spot and New York-based LO3 Energy signed a memorandum of understanding to share their … [Read more...]

Most Read Microgrid Articles & the Trends They Reveal for 2017

microgrid articles

Energy storage, energy storage, energy storage. Its trends, trials and triumphs are being carefully watched by microgrid insiders. That's one takeaway from our list of most read microgrid articles for the first six months of this year. Four of the 10 most read articles headlined the resource. And the Energy Storage Association’s annual event … [Read more...]