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Abstract
In 2016, the DOE authorized $4 Million in funding to develop the Orange Button (OB) standard aimed to reduce market inefficiencies and lower the cost of solar for consumers. Since release of the OB taxonomy guide in 2018, market penetration of the standard has struggled for several reasons.
Preliminary research suggests that Orange Button adoption challenges are less technical, and more institutional. The full submission of solar asset data from loan origination to monthly operating report can span weeks, if not months or years. Holistic adoption of the Orange Button provides long term benefit to a multitude of stakeholders, from developer, to lender, to local utility. However, that benefit should not be outweighed by the burden of gathering and submitting the data itself.
This research provides an in-depth gap analysis of Orange Button implementation breakdowns and recommended solutions. By engaging early with stakeholders to align their collective requirements, seemingly ‘disruptive’ changes to incentive structure, inducement mechanism, or report submission protocol become feasible. Using the delphi technique, subject matter experts spanning the development, operations, and valuation supply chain will come together to define their own circular economy across the PV solar asset life-cycle.
Lead Organization: Colorado State University
Principal Investigator
Department of Construction Management
Colorado State University
222 Guggenheim Hall,
Fort Collins, Colorado 80523
Co-Principal Investigator
3267 Stuart Street
Denver, Colorado 80212
Key Participant
Senior Vice President - Surety
President - USI OMNI Digital Surety Services
USI Insurance Services
201 Mission Street
Suite 1100
San Francisco, California 94105
Orange Button is now being implemented to enable data interoperability that can reduce soft costs and improve risk management capabilities for infrastructure projects. Innovations will attract capital markets with competitive financing, create new insurance products, provide underwriting information to surety markets to support larger capacity, and improve access to financial products for small business.
At the Impact breakfast during the 2019 Solar Power International conference the Orange Button collaboration recognized the first electronic surety bond with a standardized XBRL data set that could be imported by all stakeholders.
Electronic surety bonds can now be verified online, with the Surety Bond Data Set returned for importing
into any stakeholder system.
The New Financial Tools panel at the Digital 360 Summit will be demonstrating how standardized data sets for On Bill financing, Contractors Monthly Progress Payment and Solar System Performance has enabled new financial tools for construction of infrastructure.
Links for More Information
Construction Progress Coalition
NREL Orange Button Solar Exchange
Colorado State University, Construction Progress Coalition and Surety Resource Connection are responding to an RFP from the DOE Solar Energy Technologies Office (SETO) Funding RFP on "The Solar Data Supply Chain: Circular Economics of the Orange Button Taxonomy".
This working group discussion will provide some background and context to stakeholders that are interested in the research and objectives.
Time: 22:38
February 5, 2020
Office: Solar Energy Technologies Office
Funding Number: DE-FOA-0002243
Topic Area 8.1: Small Innovative Projects in Solar
Currently completing a research project titled “Economic Downturn Research; Sureties' Perspectives”.
This study draws from a panel of experts to reach a consensus on a specific subject. In this case, CSU is evaluating a ‘best practices’ of economic downturn planning.
A recent member of the XBRL Surety Working Group, the Construction Progress Coalition is developing data interoperability with Construction Data Exchange (CDX) for the construction community and the ecosystem that supports construction of infrastructure.
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