Siemens, LO3 Seek to Expand Collaboration on Energy Tech Projects; Ralf Christian Comments

Siemens has moved to grow its partnership with LO3 Energy after the industrial conglomerate invested in the microgrid technology developer through a recent Series A funding round.

Ralf Christian, CEO of Siemens’ energy management division, said in a statement published Dec. 20 the investment represents the firm’s acknowledgement of the potential applications of blockchain-based technology in the sector.

“Siemens will further support LO3 with its experience in grid management, data analytics and complementary technology portfolio facilitating the integration of blockchain into state-of-the-art power grids,” Christian added.

Both companies started to collaborate on energy grid development projects in late 2015, which include the Brooklyn Microgrid in New York.

The project has attracted more than 60 community partners to date.

Siemens’ energy management business uses the Exergy platform that LO3 developed and derived from a decentralized ledger that works to secure energy data.

You may also be interested in...

Jay Lambke President GAI

Government Acquisitions Obtains SBA HUBZone Program Certification; Jay Lambke Quoted

Cincinnati, Ohio-based company Government Acquisitions Inc. has been accredited by the Small Business Administration under a program that seeks to provide economic benefits to government contractors from historically underutilized business zones.

Satellite launch

SpaceX Launches Satellite for Multinational Ocean Observation Effort

SpaceX has sent to space a satellite designed to monitor sea levels across the globe under a U.S.-U.K. partnership. The Sentinel-6 Michael Freilich satellite lifted off from Vandenberg Air Force Base on a mission to collect sea level data, support ship navigation and inform weather forecasts, NASA said Sunday.


KBR Gets $65M Navy Contract Modification for Base Support Services

KBR has received a one-year, $64.8M contract modification to carry out base operating support services at various U.S. Navy installations in Djibouti and Kenya.