Shell and Sumitomo Corporation invest in LO3 Energy to develop blockchain-based community energy platform

US firm LO3 Energy secures major backing from two global energy firms to add to growing roster of corporate investors LO3 Energy’s innovative technology  enables integration of distributed renewable energy resources (DERs)  into local energy networks Funding round will support LO3 Energy’s drive towards commercialization of blockchain based community energy networks LO3 Energy today announced major investments from corporate giants Shell Ventures and Sumitomo Corporation Group to support the global development  of its blockchain based community energy networks.  The US company, which was the first to enable peer-to-peer energy sharing,

How can we make energy more understandable?

We put a value on everything from coffee to cars – but electricity is just ‘magic in the walls’. Do you know the price of a kWh or even what that actually gives you? We need to make electricity more ‘real’ – and here LO3 Energy CEO Lawrence Orsini explains how we can… To many, electricity is just ‘magic in the walls’. You can’t taste it; you can’t see it; you can’t put it in your pocket. So, people have a hard time relating to it. And because of that,

Why Electric Vehicles are key to our energy networks

What do electric vehicles (or EVs) mean to you? Fuel efficient or flawed by a lack of range? Fast and furious or slow and under-performing? Clever or confusing? Fad or future? To the energy industry they mean TWO important but very contrasting things: 1) They could destroy our entire energy infrastructure… …because more EVs will require more charging and there is simply not the capacity to manage that right now. 2) They could be the key to achieving a zero-carbon energy future… …because if cleverly integrated into the grid, they