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K&L Gates Blockchain Energizer – Volume 26

Apr 17 2018

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

LO3 Energy and Direct Energy Business Are Launching “Exergy,” a B2B Transactive Energy Network.
Green Power Exchange Releases Updated White Paper for Blockchain-based P2P Energy Platform.
Arizona Governor Signs Legislation Allowing Corporations to Store and Transmit Data via Blockchain.
Chinese Petrochemical Company Utilizes Blockchain for Trial Gasoline Shipment.
Chile’s National Energy Commission Launches Trial Blockchain Data Initiative.
Chelan County Public Utility District Cuts Power to Three Unauthorized Cryptocurrency Miners.

To view more information on theses topics in Volume 26 of the Blockchain Energizer, click here.

EPA’s Clean Power Plan: A Regional Analysis

Sep 11 2015

EPA’s recently issued Clean Power Plan (“CPP” or “Plan”) affects every state differently. The Plan has a decidedly nationwide impact—reducing the United States’ power plant greenhouse gas emissions 32 percent by the year 2030. But the Plan functions entirely on a state-by-state level, treating each state in a different way based on its unique emissions profile. In this way, the Plan seeks to harness the power of federalism to achieve its ambitious goals.

While the target-based approach is in some ways similar to the structure of EPA’s National Ambient Air Quality Standards (NAAQS), the CPP has revised and reordered certain elements, and has modified the targets for carbon dioxide (CO2) reductions required by individual states. Although NAAQS are set on a nationwide basis, under the CPP every state has a different carbon target based on a calculus that includes the state’s emissions profile and energy mix. Thus, some states (like Montana and West Virginia) are subject to greater emission reductions than other states (like Idaho and Maine). And while states have some flexibility to determine how to meet their targets, the devil will be in the details, as evidenced by EPA’s compliance pathway chart.

Read the full alert on K&L Gates HUB

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