LO3 Energy is engaged in a proposal to develop a community microgrid in Boerum Hill, Gowanus and Park Slope in support of Governor Cuomo’s goal of creating local energy networks with the ability to separate from the larger electric grid during extreme weather events or other emergencies.
The community microgrid will create a local energy network with a focus on:
- Working with community leaders, utilities and technology partners to identify the best fit for distributed energy resources and critical infrastructure upgrades
- Developing locally generated energy that provide resiliency for emergency needs of local communities
- Reducing customer costs and promoting clean, renewable electricity, energy efficiency and energy storage options within my community
- Managing these distributed energy resources for times of power outages and emergencies to protect my community and local economy
- Identify and create new financial incentives and business models to drive community involvement and jobs, boosting the local economy
TransActive Grid is based on an open source, cryptographically secure decentralized application platform. Its business logic layer delivers real-time metering of local energy generation and usage as well as other related data. This open energy platform is transparent, auditable, non-repudiable, peer-to-peer, and cryptographically secure. Friction in the market is reduced by allowing different classes of users to transact openly on the platform. The first demonstration project is a neighborhood installation in Brooklyn, New York.
Project Exergy is an R&D effort to turn computers into primary sources of heat. This computational and distributed model provides utilities with new integration options for recapturing wasted resources, managing both the load/shift balance and demand-response needs, and increasing customer retention through innovation.
The LO3 concept model is a distributed computation and heating appliance platform that provides a thermal storage system as well as plug-and-play integration with a building’s existing heating, ventilating, and air conditioning systems. It offers a range of cryptographically-secured grid services and presents a two-fold opportunity to monetize underutilized computational capacity and store valuable thermal energy.