Brooklyn - based multinational peer - to - peer investment firm LO3 Energy , which last week completed a series A funding round , has started two German projects in association with the Karlsruhe Institute of technology and innovation provider Allgauer Uberlandwerk as it looks to expand internationally . LO3 's energy efficiency platform is being tested on a 60-person Brooklyn - based microgrid . It also has a presence in Australia and an as - yet - unnamed project in the UK . The venture - backed company last month raised money from Braemar Energy Ventures and Centrica Innovations . Later this year , LO3 will release a peer - reviewed white paper and is set to launch a token event , a form of initial coin offering .
Brooklyn-based blockchain peer-to-peer energy firm LO3 Energy, which last week completed a series A funding round, has started two German projects in association with the Karlsruhe Institute of Technology and energy provider Allgauer Uberlandwerk as it looks to expand internationally. LO3's energy trading platform is being tested on a 60-person Brooklyn-based microgrid. It also has a presence in Australia and an as-yet-unnamed project in the UK. The Siemens-backed company last month raised money from Braemar Energy Ventures and Centrica Innovations. Later this year, LO3 will release a peer-reviewed white paper and is set to launch a token event, a form of initial coin offering.