Blockchain Energy

Blockchain technology has the potential to disintermediate and revolutionize a wide range of industries from finance and healthcare to real estate and supply chain management. The energy industry is likewise primed for the disintermediation effects of blockchain technology. Many institutions and companies in the energy sector are forming partnerships and consortiums to explore how blockchain ledgers and smart contracts can be used to manage and share data, create transactional efficiencies, and reduce costs. Other stakeholders are exploring how renewable energy can support energy-intensive crytocurrency blockchain networks. Depending upon the application, blockchain technology and smart contracts could help facilitate the adoption and integration of distributed energy resources and electric vehicles, enable peer-to-peer energy trading, promote more liquid wholesale energy markets, reduce costs regulatory reporting compliance costs, and create opportunities for new revenue streams and business models.

K&L Gates fields a global energy team fully versed in the changing energy landscape and is uniquely positioned to provide strategic advice as governments, companies, and investors explore and implement applications of blockchain technology in the energy industry. We draw on a cohesive team of lawyers from multiple disciplines with global experience to help institutions and companies achieve their business goals. K&L Gates lawyers provide legal and policy advice across all energy subsectors, including renewable energy, energy storage, distributed energy resources, oil and gas, liquefied natural gas, and maritime. K&L Gates is able to help energy industry participants navigate the blockchain revolution by combining our comprehensive knowledge of the energy industry with other disciplines and practice areas and by applying our experience to help clients achieve their business objectives.
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