Finalist LO3 Energy, USA
Intelligent Grids, Platforms & Cyber Security
LO3 Energy, USA
LO3 Energy is an energy firm with a focus on emerging decentralized business models and innovative technologies related to energy, cleantech and currency systems. The start-up builds tools and develops projects that support and accelerate proliferation of the distributed energy, utilities and computation. It developed a Blockchain-based transactive energy platform called Exergy.
LO3 Energy developed Exergy – a Blockchain-based distributed ledger, meter and token system for transactive energy that facilitates the generation, control and secure management of data required for the optimal operation of electric power systems.
The platform is designed to enable the industry to cope with the adjustment from fossil fuels to renewables energy resources, empowering new prosumers while enabling traditional industry players to shift business models and find their place in the energy market of the future.
The start-up designed, built and deployed an Internet Of Things hardware device that functions as a distributed computing note and an asset control switch. It provides the control layer to translate economic signals from Exergy’s transactive layer into physical device functionalities in generation, storage and smart devices.