LO3 Energy: Sumitomo Invests in Blockchain-Powered Peer-to-Peer Energy Platforms

Sumitomo Corporation and Sumitomo Corporation of Americas (together, Sumitomo Corporation Group) have invested in LO3 Energy, Inc., a U.S.-based developer and operator of blockchain-powered peer-to-peer (P2P) energy platforms. This funding will support LO3 Energy's commercialization of blockchain-based community microgrids. With the rapid growth of renewable energy and battery storage technologies within the marketplace, Sumitomo Corporation [...]The post Sumitomo Invests in Blockchain-Powered Peer-to-Peer Energy Platforms appeared first on PowerPulse.net.