Our Company |   Join Our Club |      

news categories



news per location



September 2017



Read our bloggers



Power Plants



  • Directorio de Eficiencia energética

Siemens and U.S. startup LO3 Energy collaborate on blockchain microgrids

Jump to the comments
Siemens and the New York startup LO3 Energy are collaborating in the field of innovative microgrids. The goal of the collaboration is to jointly develop microgrids
that enable local energy trading based on blockchain technology. Siemens is involving its next47 unit, which was established in October 2016 as part of an
ecosystem for partnerships with startups to take a leading role in the evolving decentralized energy system market. As a startup, LO3 Energy is currently
supported by Siemens Digital Grid and next47, in developing a solution for a blockchain-based microgrid in the New York borough of Brooklyn – the first of its
kind in the world and a starting point for developing other joint microgrid projects in US and other countries.
“The constant evolution at the grid edge requires advanced control, automation and data analytics technologies enabling secure, stable and reliable integration of decentralized energy systems as well as supporting the establishment of new business models. We’re convinced that our microgrid control and automation
solutions, in combination with the blockchain technology of our partner LO3 Energy, will provide additional value for our customers whether on the utilities side or on the prosumer side,” said Ralf Christian, CEO of Siemens’ Energy Management Division. Lawrence Orsini, founder of LO3 Energy: “In the world of finance, blockchain
technology is rapidly advancing across many sectors, but in the energy market,
Smart Grid / T&D | News published on 25 / 11 / 2016 by Rashmi Nargundkar

Comments in this news Add yours

essaylab.org review

Incredible article,The Energy collaborate on blockchain microgrid by Siemens and U.S. will be a great start for having a innovative place,I have been to essaylab.org to get a few review about the startup LO3 Energy,Looking forward to get it in the energy market soon.
Posted on 25 / 11 / 2016 | essaylab.org review

dubai safari deals

Well, Dubai is like the most expensive place to go to and have fun. Without dubai safari deals I don't think I would have been able to afford all the expenses, thanks to those.
Posted on 25 / 11 / 2016 | dubai safari deals

  Other Interesting News

MNRE to review implementation of outcome of RE-INVEST at 4th Zonal Review Meeting Panasonic to deliver 4,000 solar lanterns for part-II of the 100 Thousand solar lantern project Now buy LED Tube lights and Energy Efficient Fans under UJALA in Delhi. Tata Power’s JV commissions 120 MW ItezhiTezhi hydro Power Project in Zambia ABB India wins order to install solar inverters at 750 railway stations in India.