Royal Dutch Shell Plc  .com Rotating Header Image

Shell invests in blockchain-based energy system

Joe Tenebruso, The Motley Fool: Motley Fool

Shell Ventures, the corporate venture capital arm of international oil titan Royal Dutch Shell (NYSE: RDS-A), is investing in blockchain-focused energy company LO3. 

LO3 says it has developed a system that overcomes the challenge of integrating distributed energy resources into supply networks. The company says the system “promises to democratize the energy industry” by allowing people to both produce and consume electricity at their homes and businesses.

Shell’s investment will help LO3 scale its “blockchain-based energy networks around the world,” according to LO3 CEO Lawrence Orsini. “Energy is going through a revolution, with renewable distributed energy resources increasingly picking up market share — but to integrate them efficiently we need to reinvent our energy networks,” Orsini said. “These investments will help us accelerate the rollout of less carbon-intensive microgrids, which help all stakeholders benefit through distributed, decentralized, and decarbonized local energy transactions and demand response energy management on a building-by-building level.”



Shell partners with Citi Bank on new blockchain platform

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.