Home / Press Releases / Siemens Expands LO3 Partnership With New Investment in Blockchain-Based Energy Tech

Siemens Expands LO3 Partnership With New Investment in Blockchain-Based Energy Tech

TYSONS CORNER, VA, Dec. 29, 2017 — Siemens has placed an investment with LO3 Energy under a Series A funding round to expand an existing partnership that seeks to advance blockchain-based technology applications for energy management, ExecutiveBiz reported Thursday.

The investment is aimed to drive joint programs to establish self-sufficient microgrids as well as deliver grid-edge services in support of energy marketplaces, Siemens said Dec. 20.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
david.smith@executivemosaic.com

Check Also

DoD Inspector General to Review JEDI Cloud Contract

The Department of Defense’s inspector general has formed a team of auditors to assess the potential 10-year, $10B Joint Enterprise Defense Infrastructure cloud computing contract, the Washington Post reported Tuesday.

Capgemini Government Solutions to Provide CoE IT Support Under GSA BPA; Doug Lane Quoted

TYSONS CORNER, VA, August 13, 2019 — Capgemini’s government solutions business has received a spot under a three-year blanket purchase agreement from the General Services Administration to be a vendor of information technology products and services to government agencies in support of IT modernization efforts, ExecutiveGov reported July 31.