LO3 Energy Receives Shell & Sumitomo Investments

A blockchain-powered platform for peer-to-peer energy trading, LO3 Energy has recently received an undisclosed amount of investment from Shell Ventures and Sumitomo Corporation Group, a Japanese firm. The investment of director of Shell Ventures, Kirk Coburn explained, “As we move into a less carbonized future, Shell aims to invest in innovative companies that will help enable the energy transition. LO3 Energy fits right in that space.”

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