12 Apr '18, 9am

Direct Energy Uses LO3's Blockchain to Offer 'Micro Energy Hedging' to Commercial Customers

Direct Energy Uses LO3's Blockchain to Offer 'Micro Energy Hedging' to Commercial Customers

U.S. energy retailer Direct Energy has launched a new offering with blockchain startup LO3 Energy that represents one of the first known uses of blockchain in real-world energy markets. The offering, called “micro-energy hedging," offers commercial and industrial customers in Texas the opportunity to design and submit orders for energy hedges in increments as short as an hour. That’s much more fine-grained than the daily, weekly or monthly product now available — and it’s all automated on LO3’s Exergy platform, CEO Lawrence Orsini said in a Wednesday interview. Energy hedges give customers with critical, must-run loads access to energy on the spot market, whether independently or as part of a managed service, as Direct Energy is offering in this case. This exposure offers both risks and rewards, all dependent on how much data is available to construct and execute the right...

Full article: https://www.greentechmedia.com/articles/read/direct-energ...

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