The company’s React Network is aiming to modernize the national power grid by creating a community owned network connecting energy storage assets to markets that value them
AUSTIN, Texas–(BUSINESS WIRE)–Anode Labs Inc. (“Anode Labs”), the team behind React, announced today that it has secured $4.2 million in funding to develop the world’s first community-owned, decentralized Web3 platform that offers small businesses and individuals cash and tokenized incentives for connecting their energy storage assets. React’s network will allow participants to connect their home batteries to the company’s Web3 network in order to be rewarded for the relative contribution of their specific assets. The first funding round was co-led by venture capital firms Lerer Hippeau and Lattice with follow-on participation from other notable investment firms including VaynerFund, CoinShares, and Digital Currency Group.
React’s platform is built to create a layer of flexibility that blanke
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