Renewable Energy and Bitcoin Mining: Applicable Regulations, Utilizing Renewable Resources, Key Issues for Counsel
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
- work Practice Area
Energy
- event Date
Wednesday, May 4, 2022
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
This CLE webinar will provide renewable energy attorneys a detailed analysis of applicable regulations, benefits, and challenges relating to the use of renewable energy for bitcoin mining. The panel will discuss federal and state regulatory challenges, crypto mining energy consumption and utilizing renewable resources, siting and permitting considerations, and other key issues relating to the use of renewable energy resources for cryptocurrency mining.
Ms. Cullinane focuses her practice on complex asbestos litigation, toxic tort matters, mass torts, product liability cases, and general commercial litigation. She represents national and international entities including chemical, manufacturing, and mining companies. Ms. Cullinane's legal experience includes successful precedent-setting motion practice ranging from precluding evidence and dismissing cases on dispositive motions to obtaining directed verdicts on punitive damages.
Mr. Kelso is a Principal in the ECA practice and leads Roux’s Environmental, Social, Governance (ESG) practice. He provides strategic advisory and expert witness services to corporate and insurance clients throughout the United States on product and environmental litigation matters. Mr. Kelso’s expertise in ESG-related regulatory, investment, and environmental matters is valued by clients seeking to plan, manage, and develop solutions to mitigate environmental risk.
Bitcoin mining demands a significant amount of energy consumption, making the use of renewable energy resources essential for these projects. Energy counsel and developers intending to incorporate renewable energy resources with Bitcoin mining must understand the applicable laws, regulatory challenges, and other key factors related to mining development and operations.
Cryptomining systems are developed for the purpose of solving complex formulas which allows them to validate transactions and new entries on the blockchain. However, these systems are often developed as large data farms consuming significant amounts of energy which increases the carbon footprint of utilities.
As the demand for cryptocurrency technology and applications increases, the use of renewable energy resources to stabilize electric grids is becoming an integral component of cryptomining development. Energy counsel and developers must identify all applicable rules and regulations for combining cryptomining and renewables and methods to use these systems as an energy resource.
Listen as our panel discusses federal and state regulatory challenges, cryptomining and utilizing renewable resources, siting and permitting considerations, and other key issues.
- Overview of cryptocurrency mining
- Interplay of bitcoin mining and renewable energy
- Project development considerations and challenges
- Recent federal and state regulations
- Best practices for energy counsel, developers, and investors
The panel will discuss these and other key issues:
- What are the processes of cryptocurrency mining?
- How can renewable energy resources be combined with Bitcoin mining?
- What structuring options are available for developers and investors?
- What are the most common siting and permitting issues for projects combining Bitcoin mining and renewables?
- How can Bitcoin mining help stabilize electric grids?
- What are the key issues and best practices for energy counsel and developers?
