German engineering company Siemens, which generated around $80 billion in revenues in 2015, is also targeting this concept of transactive energy with a startup called LO3 energy, realizing the potential the blockchain holds.
The two companies are currently collaborating on a joint project which enables local energy trading on a blockchain network, building on the pilot project of LO3 Energy in Brooklyn, New York. Producers and consumers in Brooklyn’s Boerum Hill, Park Slope, and Gowanus neighborhoods will be able to engage in energy trading, balancing local production and consumption...
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