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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.

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

David Smith
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