Tech Giant Siemens is Now Working on Blockchain Microgrids

Tech Giant Siemens is Now Working on Blockchain Microgrids

A New York blockchain startup has partnered with tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project. LO3 will work with Siemens to grow its TransActive Grid initiative, which enables participants to sell excess power to other microgrid stakeholders. In turn, Siemens will provide the startup with its microgrid control technology, the two firms said today. LO3 was recently awarded a patent for its decentralized energy transfer work by the US Patent and Trademark Office. Under the partnership, LO3 is working with Siemens’ next47 unit, created earlier this....


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