Tag: energy

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K&L Gates Blockchain Energizer – Volume 28
2
K&L Gates Blockchain Energizer – Volume 27
3
K&L Gates Blockchain Energizer – Volume 25
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K&L Gates Blockchain Energizer – Volume 24
5
Event: Blockchain in Energy Forum 2018
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K&L Gates Blockchain Energizer – Volume 23
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K&L Gates Blockchain Energizer – Volume 22
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Tax Credits for Energy Facilities Extended in New Budget Bill
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K&L Gates Blockchain Energizer – Volume 21
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K&L Gates Blockchain Energizer – Volume 20 – The Year in Review

K&L Gates Blockchain Energizer – Volume 28

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.

K&L Gates Blockchain Energizer – Volume 27

By Buck Endemann, Ben Tejblum, and Daniel Cohen

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

Authors Buck Endemann and Ben Tejblum will be in attendance at EUCI’s, “Blockchain Technology for the Energy Sector” Conference in Houston, Texas, from May 8–9, 2018. They will be available to discuss the latest in blockchain.

IN THIS ISSUE

  • Energy Web Foundation Is Implementing a Different Consensus Protocol to Reduce Blockchain Electricity Demand.
  • Energy Storage Meets Blockchain: Sonnen Joins the NEMoGrid Project.
  • Softbank and TEPCO Announce a Blockchain Pilot Program to Reduce Carbon Emissions.
  • IOT Group to Re-open an Australian Power Plant to Provide Electricity for Blockchain Companies; Washington Counties Take Divergent Approaches to Cryptocurrency Mining.

To view more information on theses topics in Volume 27 of the Blockchain Energizer, click here.

K&L Gates Blockchain Energizer – Volume 25

By Buck Endemann, Ben Tejblum, and Daniel Cohen

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • Cryptocurrency miners face mounting resistance to energy demands in the United States and Canada
  • LO3 Energy will launch a blockchain-based renewable energy trading platform in Southern Australia
  • International Energy Research Centre plans to develop a peer-to-peer energy trading platform
  • Elia, Belgium’s transmission system operator, to explore blockchain

To view more information on theses topics in Volume 25 of the Blockchain Energizer, click here.

K&L Gates Blockchain Energizer – Volume 24

By Buck Endemann, Ben Tejblum, and Daniel Cohen

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • Chile’s National Energy Commission Adopting Blockchain to Improve Data Integrity of Energy Information
  • Electrify Raises $30 Million Through a Digital Token Sale; Will Expand into Southeast Asia
  • Pemex Announces Plans to Implement Blockchain for Its Supply Chain

To view more information on theses topics in Volume 24 of the Blockchain Energizer, click here.

Event: Blockchain in Energy Forum 2018

We invite you to join us for GTM Squared’s Blockchain in Energy Forum on March 7, 2018 live in New York City and available to stream online. Washington, D.C. associate and co-author of The Blockchain Energizer, Benjamin Tejblum, will be presenting on the implementation of blockchain and how to best navigate regulations and new business models. Additional topics to be covered will include a discussion on distributed ledger technologies, re-envisioning the future, enabling a transactive grid, and optimizing operations and identifying new opportunities.

Please note you must be a member of GTM Squared to participate.

K&L Gates Blockchain Energizer – Volume 23

By Buck Endemann, Ben Tejblum, and Daniel Cohen

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • Development of a Peer-to-Peer Energy Market Underway in the United Kingdom
  • Blockchain Continues to Gain Ground in the Oil and Gas Industry
  • Canadian Electric Utility Company Considering Implementing a Higher Energy Rate for Cryptocurrency Miners

To view more information on theses topics in Volume 23 of the Blockchain Energizer, click here.

K&L Gates Blockchain Energizer – Volume 22

By Buck Endemann, Ben Tejblum, and Daniel Cohen

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • European Utility Denies Renewable Energy Sale to Swiss Cryptocurrency Mining Unit Manufacturer
  • Wien Energie is Testing Blockchain-based End-Customer Energy Products
  • Energy Trading Company Vattenfall AB is Considering Deploying a Blockchain-based Trading Platform
  • Gas Natural Fenosa and Endesa Become First Companies to Use Blockchain for an Energy Trade in Spain

To view more information on theses topics in Volume 22 of the Blockchain Energizer, click here.

Tax Credits for Energy Facilities Extended in New Budget Bill

By Charles Purcell,  Won-Han Cheng, Elizabeth Crouse, and Andrea Templeton

Congress recently enacted the Bipartisan Budget Act of 2018, which contained a number of extenders applicable to tax credits for energy facilities.  In the case of PTC-eligible energy facilities that were not covered by the earlier extension applicable to wind and solar, the credit was extended to facilities where construction was commenced before January 1, 2018.  This new rule applies to closed and open loop biomass, geothermal, landfill gas, trash, qualified hydropower, and marine and hydrokinetic facilities.  In addition, the election to claim the ITC in lieu of the PTC on these facilities was also extended to facilities where construction was commenced before January 1, 2018.

The ITC provisions were amended to extend the “commence construction” dates for 30% credits for fiber optic solar, qualified fuel cell, ground based thermal heating and cooling systems, and qualified small wind energy property to be consistent with solar facilities (terminating at the end of 2021). The Act also extended the “commence construction” dates for 10% credits relating to qualified microturbine and combined heat and power system property (also terminating at the end of 2021).  To be eligible for the extension, combined heat and power system property must be placed into service after December 31, 2016.

In addition, the credits for fiber optic solar, qualified fuel cell and qualified small wind project will step down over the next 5 years.  It also appears that any such property not placed in service by the end of 2023 will not be eligible for any ITC.

K&L Gates Blockchain Energizer – Volume 21

By 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 health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 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. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • National Renewable Energy Laboratory to Test Blockchain Applications to Facilitate Peer-to-Peer Energy Trading
  • Blockchain Pilot Project in Estonia to Test Large Scale Tokenization of Energy Data on the Blockchain
  • IoT Developer Launches First Energy Blockchain Pilot

To view more information on theses topics in Volume 21 of the Blockchain Energizer, click here.

K&L Gates Blockchain Energizer – Volume 20 – The Year in Review

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

In 2017, the Blockchain Energizer highlighted the latest developments in blockchain technology and use cases for the energy industry, covering everything from peer-to-peer energy trading platforms and financing platforms for renewable generation to commodity trading applications and emissions tracking systems.

To kick-off 2018, the Blockchain Energizer is breaking from its typical format to look back on trends and developments from 2017 and to look ahead to what is coming in 2018. In two weeks, we will be back to our normal format, highlighting recent developments relating to the use of blockchain technology in the energy space. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • Blockchain Lights Up 2017
  • Looking Forward – What To Expect In 2018

To view more information on theses topics in Volume 20 of the Blockchain Energizer, click here.

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