LO3 Energy
Date | Investors | Amount | Round |
---|---|---|---|
$5.8m | Early VC | ||
* | N/A | Support Program | |
N/A | Early VC | ||
$11.0m | Series B | ||
Total Funding | CAD22.9m |
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Recent News about LO3 Energy
EditLO3 Energy operates in the renewable energy sector, providing an enterprise-grade platform designed to optimize local renewable energy usage. The company serves utility companies, energy providers, and communities by offering data and analytics tools to validate and refine customer propositions. LO3 Energy's platform features custom matching functions that align customer load and generation at granular time intervals, ensuring efficient energy distribution. The platform is highly interoperable, supporting both modern and legacy systems, and is built on best practices from the NIST Cybersecurity Framework. LO3 Energy's business model revolves around offering a frictionless, customizable user experience branded for each client, enabling them to visualize customer behavioral trends, analyze pricing strategies, and automate signals to other Distributed Energy Resource (DER) control platforms. The company generates revenue through subscription fees and service charges for its platform, which supports a wide range of use cases and is available in multiple languages.
Keywords: renewable energy, data analytics, custom matching, dynamic pricing, interoperability, cybersecurity, enterprise-grade, customer behavior, DER control, subscription model.