Brooklyn Microgrid Moves Ahead with Pilot Regulatory Sandbox for Program

Brooklyn Microgrid

LO3 Energy is moving ahead with a 12-month regulatory sandbox pilot program for its Brooklyn Microgrid project. The pilot program will allow participants in the microgrid project to trade energy attributes on LO3 Energy’s software platform. LO3 has run Brooklyn Microgrid as a test project since 2016. The project began in the Park Slope … [Read more...]

Community Microgrids: Four Examples of Local Energy that Improves Lives

community microgrids

Community microgrids offer a way for neighborhoods, villages, towns and cities to meet their energy needs locally. Some make a community’s electricity more reliable and green; others serve critical facilities like fire, police and water treatment facilities; and still others are built for remote outposts that otherwise lack access to … [Read more...]

Homes to Sell Renewable Energy to Businesses in Vermont’s First of a Kind Local Energy Marketplace

local energy

The Holy Grail of local energy lies in the ability of customers to sell to one another. LO3 Energy, a leader in the quest, took a big step today with a program that lets homeowners sell renewables directly to businesses served by Vermont utility Green Mountain Power. Called Vermont Green, the pilot project also looks to solve some haunting … [Read more...]

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...]

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...]