Blockchain Startup LO3 Partners With Power Exchange

Blockchain Startup LO3 Partners With Power Exchange

Blockchain startup LO3 Energy has scored a partnership with the European Power Exchange, known as EPEX SPOT, to link local electric microgrids to broader wholesale markets. The two organizations said Tuesday that they signed a memorandum of understanding committing themselves to finding ways to connect local energy markets to larger power networks using a blockchain-based platform. EPEX SPOT is a power trading company based in France and covering Germany, the U.K., the Netherlands, Belgium, Austria, Switzerland and Luxembourg. It allows users in each country to buy or sell excess power to each other. The company’s chairman, Jean-Francois Conil-Lacoste, said […]