Exergy, a brand of LO3 Energy, has become an Energy Web Foundation (EWF) Affiliate to empower people, strengthen communities, and promote the advancement of its decentralized energy revolution with EWF's affiliates and community partners. Sharing the values and importance of blockchain for energy, EWF and Exergy will collaborate on the Energy Web Chain technology stack, making it an ideal base layer on which Exergy can scale its platform and ensure interoperability, and provide an enhanced standardization of data for EWF. 

"We believe in and endorse what EWF is building with their open-source energy blockchain," says Lawrence Orsini, CEO of LO3 Energy. "Together we are transcending the physical limitations of the legacy electric grid, and bringing choice to consumers." 

Exergy is a distributed ledger system combining software and hardware layers, designed to solve the operational issues caused by the growth of renewable energy resources operating within local distributed energy networks. 

The EWF blockchain is purpose-built for the energy sector and Tobalaba, its test network, is being actively used by more than 30 companies to build and test their energy blockchain applications. 

"The ability to create interlinked local energy marketplaces is one of the key areas in which blockchain can revolutionise the energy sector," explained Jesse Morris, chief commercial officer of EWF. "The rapid growth of distributed renewable energy resources is creating both an opportunity and a need for standardization in this area and by working together, EWF and Exergy can make the blockchain for energy deliver on a global scale." 

Exergy | exergy.energy

LO3 Energy | www.lo3energy.com

Energy Web Foundation | www.energyweb.org