Today the blockchain energy start-up
LO3 Energy announced investments from Sumitomo Corporation Group and Shell Ventures. The investment will be used by LO3 Energy to scale their community microgrid operations.
LO3 Energy aims to enable excess renewable energy to be shared through its blockchain-based microgrids.
Kirk Coburn, Investment Director Shell Ventures said: “As we move into a less carbonized future, Shell aims to invest in innovative companies that will help enable the energy transition. LO3 Energy fits right in that space.”
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