Siemens Teams Up with LO3 Energy on Blockchain Microgrid

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Siemens and New York-based startup LO3 Energy have announced that they are partnering adult to combine in a margin of innovative microgrids by a blockchain, according to a corner press release.

The microgrid, that is being designed for Brookyln and was primarily started as a commander plan of LO3 Energy, is now being grown serve with a assist of Siemens Digital Grid in a U.S. For a initial time, a microgrid control resolution from Siemens is being total with a peer-to-peer trade height from LO3 Energy called a TransActive Grid.

The mixed of a microgrid control resolution and blockchain record will capacitate a provider of photovoltaic systems on building roofs in Brooklyn to feed additional electricity behind into a internal grid and accept payments from those who buy it.

Thomas Zimmermann, CEO of Siemens’ Digital Grid Business Unit, pronounced that Siemens and LO3 Energy are envisioning implausible opportunities for blockchain record quite per microgrids and appetite systems.

He said:

Its large advantage is, that it permits transparent, fit trade between mixed participating systems and several stakeholders

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