LO3 Energy's Pando

LO3 Energy's Pando is a software platform designed to optimize the utilization of renewable energy assets by enabling suppliers and clean energy operators to engage customers and implement innovative compensation models. The platform provides comprehensive data on energy usage and production, offering economic incentives to help users align their consumption patterns with renewable resource availability.

Key Features:

• Customer Engagement: Pando offers tools that allow customers to monitor their energy usage, receive forecasts of renewable energy availability, and receive suggestions on how to adjust their consumption to maximize savings and renewable energy utilization.

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• Operator Tools: The platform provides utilities and energy operators with dashboards displaying customer enrollment, usage patterns, effectiveness of alerts, and overall savings, facilitating better management of renewable programs.

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• Economic Incentives: By supporting new models for net metering and feed-in tariffs, Pando makes customer-sited clean energy a more financially attractive proposition.

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• GHG Emissions Monitoring: The platform includes tools to track greenhouse gas emissions, helping customers monitor progress toward their clean energy goals.

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Global Deployments:

Pando has been successfully deployed in over a dozen markets worldwide, collaborating with major enterprises, shopping centers, schools, community solar installations, and microgrids. Notable partnerships include:

• Green Mountain Power (GMP): In April 2022, LO3 Energy provided Pando to GMP for the "Sun Match" pilot program, enabling low- and moderate-income customers to benefit from solar power without installing their own systems.

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• Solar Bay in Australia: In March 2022, Pando was deployed at a commercial shopping center in New South Wales, Australia, to optimize on-site photovoltaic production and grid-supplied energy against consumption, enhancing the utilization of renewable assets.

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Technological Advancements:

In September 2020, LO3 Energy updated Pando and migrated it onto the Energy Web Chain platform, an open-source blockchain platform. This migration aimed to advance the application of blockchain technology in creating local energy marketplaces and enabling customers to trade energy or energy attributes such as renewable energy credits.

Investment and Growth:

In March 2021, LO3 Energy announced the first close of its $11 million Series B funding round, led by existing investor Shell Ventures. The funding was intended to further develop Pando and expand its deployment in various markets.

Through Pando, LO3 Energy continues to drive the adoption of renewable energy by providing innovative solutions that align energy consumption with renewable availability, offering economic benefits to both consumers and operators.

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