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.
RESHAPING THE ENERGY FUTURE
LO3 Energy is developing blockchain based innovations to revolutionize how energy can be generated, stored, bought, sold and used, all at the local level.
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Through blockchain technology and our own innovative solutions, we’ve developed Exergy, a permissioned data platform that creates localized energy marketplaces for transacting energy across existing grid infrastructure.
We’re just beginning to uncover the potential of the Exergy platform to influence the energy model of the future, and already the possibilities seem endless.
In one of the most densely populated areas of the US, LO3 Energy teamed up with Siemens to reimagine the traditional energy grid, creating a localized microgrid and empowering a community with a resilient and sustainable clean energy model.
LO3 Energy and Karlsruhe Institute of Technology (KIT), in cooperation with a local energy provider, established the Lazarettgarten microgrid, connecting 130 residences and 19 businesses, establishing a secure, localized, peer-to-peer energy trading market.
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.