August 2018 – Global Power Law & Policy

The Blockchain Energizer – Volume 34

Aug 23 2018

By Buck B. Endemann, Benjamin L. Tejblum, Daniel S. 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. 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, please click here.

IN THIS ISSUE

Senate Committee on Energy and Natural Resources holds Hearing to Discuss Energy Efficiency and Cybersecurity of Blockchain Applications.
Energi Mine and Jem Energy Partner to Incentivize Consumers to Reduce their Energy Use.
Petroteq is Collaborating with MetzOhanian to Develop Blockchain Applications for Oil and Gas Blockchain PetroBLOQ.
China’s Largest Electric Bus Operator to Raise Capital through Asset-backed Digital Products Distributed via Blockchain.

To view more information on theses topics in Volume 34 of the Blockchain Energizer, click here.

The Blockchain Energizer – Volume 33

Aug 09 2018

By Buck B. Endemann, Benjamin L. Tejblum, Daniel S. Cohen

IN THIS ISSUE

Four New York Utilities Will Collaborate to Develop “Transformative” Use Cases for “Shared Blockchain Infrastructure.”
Franklin County Public Utility District (“PUD”) Becomes Third Washington PUD to Place a Moratorium on Cryptocurrency Miner Applications for Electricity.
Green Power Exchange and bitcoinClean Developers Partner to Promote a Green Energy Trading and a Green bitcoin Hardfork.

To view more information on theses topics in Volume 33 of the Blockchain Energizer, click here.

K&L Gates Advises innogy on Acquisition of More Than 2,000 MW Onshore Wind Projects

Aug 03 2018

3 August 2018

A team of lawyers from K&L Gates advised German-based energy company innogy SE and its Chicago- based US subsidiary Innogy Renewables US on the acquisition of EverPower Wind Holdings from UK private equity investor Terra Firma Capital Partners. The companies signed the purchase agreement at the end of 2017, but the project has now successfully completed with approval from the Committee on Foreign Investment in the United States.

Through the acquisition, innogy became the owner of more than 20 projects totaling in excess of 2,000 MW currently in various stages of development across eight states (Maine, Maryland, Montana, New York, Ohio, Pennsylvania, Washington, and Wyoming), giving innogy a strong foundation for expansion into the U.S., one of the company’s key strategic growth areas. innogy’s first U.S. onshore wind project at Scioto Ridge in Ohio is targeted to start full construction in early 2019.

The K&L Gates team advising innogy Renewables US was led by partner Andrea Lucan, assisted by partners David Benson, Sang-yul Lee, Karrie Diaz, Will Keyser, William Holmes, David Hattery, Elizabeth Crouse, Steven Hill, Charles Purcell, James Lynch, and Alyssa Moir, and supported by associates Mark Hammes, Nolan Thomas, Virginia Chiao, Ben Tejblum, Erica Bakies, and Tad MacFarlan.

The cross-office, cross-practice team included lawyers from K&L Gates’ power, labor, employment and workplace safety, employee benefits, tax, environment, land and natural resources, international trade, and corporate/M&A practice groups from the firm’s offices in Orange County, Seattle, Chicago, Washington, D.C., Portland, Los Angeles, and Harrisburg.

Archive:August 2018