By Buck Endemann, Ben Tejblum, and Daniel Cohen
Your Blockchain Energizer authors Buck Endemann and Ben Tejblum presented at EUCI’s “Blockchain Technology for the Energy Sector” conference on May 8-9 in Houston, Texas. The crowd included existing market participants (utilities, retail suppliers, and regulators) along with new participants looking to leverage blockchain technology to facilitate energy transactions and improve utility operations. During our time in Houston, we found that blockchain discussions are a great way to spur broader conversation on innovation and industry sector change. Recurring themes included how utilities could be incentivized to adopt new technologies (through performance-based regulation or other constructs) while ensuring that they continue to meet their obligation to provide reliable service to all customers. The impact of new and innovative business models on low-income households, under-represented communities, and the unknown impacts on data privacy were important topics, as well.
Looking ahead, several panelists proposed that Europe is the “canary in the coal mine” due to the proliferation of distributed energy technologies and strong commitments to renewable energy. Perhaps not coincidentally, that is where the most energy-related blockchain use cases have taken root, usually with the support of business, regulators, and other state actors. K&L Gates attorneys will continue to monitor these developments and keep you abreast, right here in the Blockchain Energizer.
Finally, we are pleased to partner again with EUCI on our “Blockchain Technology Fundamentals: Energy Industry Applications” webinar, to take place on June 5, 2018. Click the link to register!
IN THIS ISSUE
- Centrica and LO3 Partner to Minimize Renewable Energy Curtailment.
- PG&E has proposed a Demonstration Project Using Smart Contracts to Generate Low Carbon Fuel Standard Credits.
- The United Nations and Sun Exchange Team up with ElectriCChain to Use Blockchain and Cryptocurrency to Provide Solar Power in Moldova.
To view more information on theses topics in Volume 28 of the Blockchain Energizer, click here.