Shanghai Lianyu Energy Technology Co. Ltd (Energo Labs)

Category: Energy Distribution & Storage

Country: China

Award:

Energo Labs uses emerging technologies such as blockchain and Internet of Things (IOT) with existing hardware such as microgrids, smart meters, and energy storage systems to create a network where renewable energy can be traded to meet the demand of the community. Such a communitycentered approach will be imperative in creating a mass movement and encourage current passive consumers to choose where their energy comes while making an extra source of income through any excess energy they produce.