Tag: energy

1
K&L Gates Blockchain Energizer – Volume 22
2
Tax Credits for Energy Facilities Extended in New Budget Bill
3
K&L Gates Blockchain Energizer – Volume 21
4
K&L Gates Blockchain Energizer – Volume 20 – The Year in Review
5
K&L Gates Blockchain Energizer – Volume 17

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.

K&L Gates Blockchain Energizer – Volume 17

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 health care 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, 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

  • Energy Web Foundation Launches Public Test of Its Energy Blockchain Network
  • Pilot Project Launches to Use Energy Storage and Blockchain to Balance the Grid
  • At COP 23, the Climate Ledger Initiative Focuses on How Blockchain Can Support Paris Agreement
  • Blockchain Platform for Commodities Trading Under Development

To view more information on theses topics in Volume 17 of the Blockchain Energizer, click here.

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