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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.

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