🏭Siemens invests in LO3 Energy and strengthens existing partnership
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.