Archive: June 29, 2017

1
K&L Gates Blockchain Energizer – Volume 7
2
Maryland Issues Request for Proposals for Renewable Energy and Energy Storage Projects

K&L Gates Blockchain Energizer – Volume 7

By Molly Suda, Buck B. Endemann, and Ben Tejblum

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and healthcare to real estate and supply chain management. Reports estimate that over $1.4 billion was invested in blockchain startups in 2016 alone, and many institutions and companies are forming partnerships to explore how blockchain ledgers and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.

While virtual currencies and blockchain technology in the financial services industry have been the subject of significant debate and discussion, blockchain applications that could transform the energy industry have received comparatively less attention. Every other week, the K&L Gates’ Blockchain Energizer will highlight emerging issues or stories relating to the use of blockchain technology in the energy space.

IN THIS ISSUE

  • Blockchain May Help Address Cyber Security Concerns in the Energy Industry
  • United Nations Recognizes the Potential for Blockchain Technology to Promote Climate Change Action
  • Infocast Blockchain Webinar
    • Interested in learning more about blockchains? On July 12, the authors of the Blockchain Energizer will partner with Infocast to provide a one-hour webinar on blockchain technology and its applications in the energy space.
    • Registration is free and may be accessed through the following link.

To view more information on theses topics in Volume 7 of The Blockchain Energizer, click here.

 

Maryland Issues Request for Proposals for Renewable Energy and Energy Storage Projects

By William M. Keyser and Elizabeth P. Trinkle

The Maryland Department of Transportation (“MDOT”) has issued a request for proposals (“RFP”) to create a Master Services Agreement (“MSA”) to select contracts to design, construct, finance, and operate renewable energy facilities and energy storage projects at MDOT locations throughout the State of Maryland.  The terms of the MSA will be five years, with an optional two year extension.

The scope of the RFP encompasses solar, geothermal and microhydropower renewable energy systems. In addition to traditional renewable energy facilities, bidders may also propose energy storage systems and microgrid development. Bidders are encouraged to find cost-effective project financing, and the contractor will be responsible for applying for and obtaining incentives offered by the State of Maryland.  Proposals are to be submitted in two parts:  Part I should include the technical aspects of the project, and Part II should contain the pricing information required by the RFP.   Read More

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