Exergy™ Joins Energy Web Foundation

• Exergy becomes Energy Web Foundation Affiliate to leverage Energy Web blockchain and ecosystem based on shared values for a democratized energy marketplace.

EXERGY™ JOINS ENERGY WEB FOUNDATION
Cleantech leaders leverage shared values to enhance services for a democratized energy marketplace

Brooklyn, NEW YORK — July 17, 2018 — Exergy, a brand of LO3 Energy, has become an Energy Web Foundation (EWF) Affiliate to empower people, strengthen communities, and promote the advancement of its decentralized energy revolution with EWF’s affiliates and community partners. Sharing the values and importance of blockchain for energy, EWF and Exergy will collaborate on the Energy Web Chain technology stack, making it an ideal base layer on which Exergy can scale its platform and ensure interoperability, and provide an enhanced standardization of data for EWF.

“We believe in and endorse what EWF is building with their open-source energy blockchain,” says Lawrence Orsini, CEO of LO3 Energy. “Together we are transcending the physical limitations of the legacy electric grid, and bringing choice to consumers.”

Exergy is a distributed ledger system combining software and hardware layers, designed to solve the operational issues caused by the growth of renewable energy resources operating within local distributed energy networks.

The EWF blockchain is purpose-built for the energy sector and Tobalaba, its test network, is being actively used by more than 30 companies to build and test their energy blockchain applications.

“The ability to create interlinked local energy marketplaces is one of the key areas in which blockchain can revolutionise the energy sector,” explained Jesse Morris, chief commercial officer of EWF. “The rapid growth of distributed renewable energy resources is creating both an opportunity and a need for standardization in this area and by working together, EWF and Exergy can make the blockchain for energy deliver on a global scale.”

About Exergy
Exergy™ is a distributed ledger system combining software and hardware layers, a token system for permitting data, and an architecture that advances market design and technology in tandem. Through our blockchain software, Exergy creates secure data pathways for decentralized markets, peer-to-peer transactions, predictive analytics, micro-hedging and other applications that are only beginning to be explored. For more information visit exergy.energy.

About LO3 Energy
LO3 Energy, a Brooklyn, NY based company, is building a platform to enable decentralized business models and innovative technologies related to energy, cleantech and utility systems. The LO3 team has deep expertise in design, architecture, development, prototyping, and testing of cutting-edge distributed energy, computing and peer-to-peer distributed consensus networks. The company builds tools and develops projects to support and accelerate the proliferation of the distributed power, utilities and computation sharing economy of the future. More information at www.LO3energy.com.

About Energy Web Foundation (EWF)
Energy Web Foundation (EWF) is a global nonprofit unleashing blockchain’s potential to accelerate the transition to a decentralized, democratized, decarbonized, and resilient energy system. EWF is building the shared, digital infrastructure—an open-source, scalable blockchain platform—specifically designed for the energy sector’s regulatory, operational, and market needs. Co-founded by Rocky Mountain Institute and Grid Singularity, and with a worldwide network of more than 70 affiliates and growing, EWF is the largest energy blockchain consortium and the industry’s leading choice as the foundational blockchain base layer, providing the building blocks powering the world’s energy future. For more, visit http://www.energyweb.org.

MEDIA CONTACTS:
Melanie Adamson, VP, Marketing
Tel: +1 (503) 789-8455
Email: madamson@LO3energy.com

Peter Bronski, Marketing & Communications
Tel: +1 201.575.5545
Email: peter.bronski@energyweb.org