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The investments enable us to continue developing our blockchain-based technologies and begin to implement localized transactive energy marketplace solutions all over the world.
This is followed by an investment from Siemens in December 2017.
LO3 Energy partnered with Yates Energy Service to create an efficient, localized renewable energy system for a vast area of South Australia.
The project offers options in sourcing and pricing, as well as incentives for generating and conserving energy.
LO3 Energy launches our pilot project, the Brooklyn Microgrid.
Neighboring residents are connected over existing grid infrastructure, and localized peer-to-peer energy transactions are made for the first time in history.
In partnership with a local energy service provider, LO3 Energy instituted a virtual microgrid to demonstrate how seamlessly the model can be applied to existing networks-connecting prosumers and consumers in a localized energy marketplace.
Our co-founder Lawrence presents LO3 Energy's view for the future of the energy grid, to the Federal Energy Regulatory Commission.
When a charging station—public or private—or an electric vehicle has a surplus of energy, it is made available for purchase on the local network.
Consumers can set budgets and be alerted to the availability via mobile app.
The system will be a model for similar distributed energy solutions everywhere.
Fast Company ranks LO3 Energy 5th on its global list of 100 Most Innovative Companies 2017.
He discusses the economic and innovation potential of peer-to-peer transacting for prosumers, consumers, and utilities alike.