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Digitally Connecting Stakeholders with Capital & Financial Markets
DATA ACT 2.0 - DIGITAL ECOSYSTEMS FOR ENERGY GRID
Formal Submission to DOE for Non-Traditional Grant Request
September 25, 2022
To: 40101formulagrants@hq.doe.gov
Cc: pat.hoffman@hq.doe.gov; Alfred R. Berkeley
Subject: Formula Grants to States and Indian Tribes for Preventing Outages and Enhancing the Resilience of the Electric Grid
Attachments:
Ms. Hoffman,
Following on our recommendations submitted earlier we offer this invitation for the DOE to continue funding the expansion of the XBRL taxonomy for building, financing, insuring and bonding the smart grid.
We appreciate this non-traditional approach is not strictly compliant with the grant, but it does reflect the intentions of the grant as the outcome will enhance the resilience of the grid and prevent outages by accelerating the deployment of DER’s, particularly in communities that need it the most.
We welcome the opportunity to explore the concepts we are advocating, and if not within this specific grant then other options more suitable.
K. Dixon Wright
President
SRC Digital Insurance Services
California Insurance License 6005678
Dixon@SRC-Digital-Insurance-Services.com
415-717-1092
Learn More
September 25, 2022 Non-Traditional Grant Letter to DOE
June 1, 2022 Response to DOE RFI
Model Digital Ecosystem for Community Resiliency
Environmental, Social and corporate Governance – ESG Reporting
2019 California Senate Committee Hearing - XBRL
Financial Data Transparency Act of 2022 (S.4295)
Response to DOE Request for Information
June 1, 2022
RE: Formula Grants to States and Indian Tribes for Preventing Outages and Enhancing the Resilience of the Electric Grid
Patricia Hoffman
Grid Deployment Office
U.S. Department of Energy
1000 Independence Avenue
SW, Washington, DC 20585
Ms. Hoffman,
Digital ecosystems based on open data enable an efficient and resilient energy grid.
Our attached recommendation and this companion website centers around these four key open data elements –
1. Expand open data Orange Button XBRL and Orange Button JSON
2. Establish process for federal recognition of open data standards
3. Accept open data digital surety bond
4. Provide open data digital project information
DOE leadership has already created reliable and secure open data standards that can be utilized by multiple stakeholders in a digital ecosystem – Green Button for energy consumption, Orange Button for energy production, SolarApp for permitting, inspection standards to establish baseline monitoring and Outage Data for better analytics.
The Orange Button collaboration with DOE funding multiplied data utilization by expanding the XBRL taxonomy by over 5,000 data elements specifically to integrate construction, finance, insurance and surety into the clean energy infrastructure digital ecosystem.
Ongoing collaboration continues to expand the utilization of open data for secure and reliable data interoperability to achieve greater functionality, expanded engagement with more market segments and their respective trade associations for accelerating the implementation of digital transactions.
Secure and reliable data open data is not a product or service, nor does it endorse or offer exclusivity.
Open standards enable innovation of next generation products and services and promotes competition.
Recommendations seek to contribute to the public benefit of open data, and do not represent any intent to seek funding, or to enter into any contract with the DOE.
K. Dixon Wright
President
SRC Digital Insurance Services
Learn More
- $3 billion expansion of the Smart Grid Investment Grant Program
- Grid Hardening State/Tribal Formula Grant Program. $2.3 billion formula grant program to strengthen and modernize America’s power grid
Model Digital Ecosystem for Community Resiliency
California
SB-833 Community Energy Resilience Act of 2022
June 8, 2022
Federal
Financial Data Transparency Act of 2022 (S.4295)
Custom Data Collection with Standardized Data: Liberty Mutual Surety Case Study
Coordination and communication to stakeholders is facilitated by LinkedIn, where collaborators follow Orange Button activities.
Senator Warner – Financial Data Transparency Act
Expanded response to Request for Information
Response to DOE Request for Comments
- Recommendation #1 – Effective Cyber Protection
- Recommendation #2 – Codify
- Recommendation #3 – Implement
- Recommendation #4 – Engage with Next Generation Innovation
Brief Background on data Standards
Entitles Engaged in data interoperability collaboration
Executive Order on Ensuring Responsible Development of Digital Assets (Cryptocurrency)
Learn More
Model Digital Ecosystem for Community Resiliency
California
SB-833 Community Energy Resilience Act of 2022
Federal
Financial Data Transparency Act of 2022 (S.4295)
Senator Mark Warner – Official Website
Warner & Crapo Introduce Legislation to Boost Transparency Around Financial Data
Financial Data Transparency Act - Fact Sheet
Data Coalition
Statement on the Senate Introduction of the Financial Data Transparency Act
Financial Data Transparency Act – Fact Sheet
California AB-1223 Construction contract payments: Internet Web site posting
Response to DOE Request for Comments
Protect - Codify - Implement - Engage
The DATA Act, the nation’s first open data law, established the foundation for data interoperability and transparency in financial reporting by establishing and mandating data standards. From that Act came XBRL, a reliable, secure, and open data interoperability standard. This was followed by the DOE Orange Button data interoperability initiative to enable a multi-industry segment digital ecosystem, artificial intelligence (AI), smart contracts and blockchain for building the nation’s energy infrastructure as a public benefit.
On May 24, 2022 Senators Mark Warner and Mike Crapo introduced S.4295 - the Financial Data Transparency Act to require all federal agencies implement open data, including the requirement to “harmonize and reduce the private sector's regulatory compliance burden, while enhancing transparency and accountability, and for other purposes”.
Although limited to federal agencies it establishes the foundation for a reliable and trusted digital ecosystem for all stakeholders, public and private. DOE compliance with S.4295 will establish a modern digital ecosystem with improved grid administration capabilities and cyber protection. A key “other purpose” is to accelerate the construction of clean energy facilities while improving access to finance, insurance and surety for all stakeholders.
A reliable and secure digital ecosystem with multiple stakeholders is required for “Preventing Outages and Enhancing the Resilience of the Electric Grid”.
Learn More
DOE Request for Comments
California AB-1223 Construction contract payments: Internet Web site posting
SB-833 Community Energy Resilience Act of 2022
Model Digital Ecosystem for Community Resiliency
LinkedIn Post - Alfred Berkeley, Senator Mark Warner, Peter Gibbs and Dixon Wright
2017 Senator Warner Presses Trump Administration on DATA Act Implementation
2014 President Signs Senator Warner's Bipartisan DATA Act Into Law
Recommendation #1 – Effective Cyber Protection
Data interoperability and asset monitoring introduces potential cyber vulnerabilities that need to be addressed in tandem with each individual business case.
Every business case should identify cyber vulnerabilities and include a response plan to promote secure and reliable data exchange.
1.a. Utility Scale – Covering utility scale generation, transmission and grid resiliency
1.b. Commercial – Providing businesses with polices and procures that enable risk management and insurance.
1.c. Residential - Providing homeowners with clear and simple guidelines to protect their energy systems.
Learn More
National Institute of Standards and Technology (NIST) Framework and Roadmap for Smart Grid Interoperability Standards
Cyberspace Solarium Commission
Business Executives for National Security
National Renewable Energy Laboratory
Energy Security and Resilience Research - Cybersecurity
January 2021
DOE Office of Technology Transitions
Advancing Cybersecurity to Strengthen the Modern Grid
March 2021
U.S. Government Accountability Office
Electricity Grid Cybersecurity:
DOE Needs to Ensure Its Plans Fully Address Risks to Distribution Systems
November 2021
The Path Forward: Securing the Cyber Landscape with Gen. Keith B. Alexander (U.S. Army, Ret.)
Recommendation #2 – Codify
Expand the XBRL taxonomy to incorporate Orange Button utilized data sets recorded and validated on blockchain
2.a. Project profiles for procurement and permitting.
Example: DOE SolarApp can be used for permit plus finance, insurance and surety.
2.b. Company profiles for efficient data exchange.
These trade associations have developed company profile data sets taht enable individual choice of what data sets any counter party may require.
- General Service Administration
- Small Business Administration
- American Institute of Architects - AIA Contracts
- ConsensusDocs
2.c. Finance, Insurance and Surety Profile
Basic profile information with
- Bank history, loans and average balances
- Insurance history, policy information and coverage amounts
- Surety history, single and aggregate limits
2.d. Energy Monthly Operating Report
Monthly Operating Report for energy system to project stakeholders, including finance, insurance and surety.
- Enables monitoring for improved risk management, insurance and surety plus ESG reporting
2.e. Construction Monthly Progress Payment
Monthly progress payment application from contractor for project stakeholders, including finance, insurance and surety.
- Enables monitoring for improved risk management, insurance and surety.
- Automatic notification of liens, stop notices or liquidated damages.
Company Profiles
US General Services Administration
GSA Form 527 - Contractor’s Qualifications and Financial Information
Small Business Administration- Surety
SBA Form 994 - Application for Surety Bond Guarantee Assistance
SBA Form 994F - Work in Progress
220 - Contractor's Qualification Statement for Engineered Construction
221 - Contractor's Statement of Qualifications
222 - Design Professional's Statement of Qualifications
Schedule A: Key Personnel
Schedule B: Past Projects
Schedule C: Current Projects
The American Institute of Architects
AIA 305 - Contractor’s Qualification Statement
Exhibit A - General Information
Exhibit B - Financial and Performance Information
Exhibit C - Project Specific Information
Exhibit D - Contractor’s Past Project Experience
Recommendation #3 – Implement
Engage with digital ecosystems to reduce the transactional (soft) cost of building infrastructure projects while improving administration, underwriting, AI and risk management for all stakeholders.
3.a. Expand SBA XBRL functionality
3.b. Implement smart contracts and blockchain that enhance governance and integrate with finance, insurance and surety.
3.c. Accept digital surety bonds with online bond validation by surety industry platform and/or company URL on Treasury List of Acceptable Sureties (T-List)
Revised listing would include where a surety bond can be validated online, or by API.
Sample Insurance Company
(NAIC # 123456)
BUSINESS ADDRESS: 175 Sample Street, Anytown, CA 123456.
PHONE: (123) 456-7890.
ADD: Bond Validation: www.SampleInsurance.com/validate
UNDERWRITING LIMITATION b/: $ 173,561,000.
LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.
3.d. Provide digital standardized periodic (weekly / monthly) project information to all project stakeholders.
Project information is already being provided by Caltrans and VDOT, and required in California under AB-1223 Construction contract payments: Internet Web site posting
Caltrans - Progress Payment Transparency
Virginia Department of Transportation
Learn More
- Orange Button Taxonomy
- Orange Button Data Element Reference
- Orange Button XBRL Taxonomy Guide
- XBRL Application Programming Interface (API)
McKinsey Analytics
Taking digital ecosystems to the next level
Collaborating for the common good: Navigating public private data partnerships
World Economic Forum in Collaboration with McKinsey & Company
World Economic Forum - Great Reset Dialogues
Unleashing the Power of Data Standardization - Video
Construction Users Roundtable (CURT)
How Smart Contracts are Reducing Inefficiencies in Construction
Recommendation #4 – Engage with Next Generation Innovation
Engage with the Orange Button collaboration on the “Any City” Model Digital Ecosystem for Community Resiliency.
The objective is a platform to help define roles and responsibilities in a digital ecosystem; how to synergize, enhance interoperability, and provide immutable data tracking with smart contracts and blockchain; plus identify data elements for expanding the XBRL taxonomy.
Engage to explore… “the connections between distributed ledger technology and the potential for these technologies to advance efforts to tackle climate change as it relates to grid management and reliability, energy efficiency incentives and standards, and sources of energy supply”.
March 9, 2022 Executive Order Section 5.b.vii.
Brief Background of Federal Data Interoperability Effort
2002 – Alfred Berkeley of NASDAQ, with John Connors of Microsoft and Mike Willis of PwC released a white paper - The Road to Better Business Information: Making A Case For XBRL.
2011 – Senator Mark Warner and Representee Darrell Issa introduced the DATA Act, the nation’s first open data law, requiring the U.S. Federal government to transform its spending information into open data, which led to XBRL.
2014 – President Barack Obama signed the DATA Act into law.
2015 – US Treasury & Office of Management and Budget (OMB) Announces Plan for XBRL in the DATA Act.
2016 – DOE Orange Buttonlaunched to expand the XBRL taxonomy for solar finance with over 350 entities collaborating to reduce costs on clean energy projects through greater efficiency and improved data interoperability.
2018 – Final XBRL/Orange Button review added over 4,500 energy-related data elements to the XBRL taxonomy, including charging stations, freely accessible through the Orange Button Taxonomy viewer (www.OBTV.org).
2018 – SEC requires the use of XBRLfor the submission of operating company financial statement information and fund risk/return summary information. The SEC has just published an updated set of taxonomies for 2022.
2019 – XBRL spreads to Small Business Administration.
2022 – The XBRL US ESG Working Group published ‘Supporting ESG Data with Standards.’
May 2022 - Senators Mark Warner and Mike Crapo introduced S.4295 - the Financial Data Transparency Act
S.4295- A bill to amend securities and banking laws to make the information reported to financial regulatory agencies electronically searchable, to further enable the development of regulatory technologies and artificial intelligence applications, to put the United States on a path towards building a comprehensive Standard Business Reporting program to ultimately harmonize and reduce the private sector's regulatory compliance burden, while enhancing transparency and accountability, and for other purposes. More information below my signature line.
Learn More
Energy Storage Association Advancing Contracting in Energy Storage (ACES) Working Group ENERGY STORAGE BEST PRACTICE GUIDE
Chapter 4: Technical Performance- Data Interoperability - Dixon Wright
Appendix 1: Chronology and Historical Resource
Appendix 2: Leadership and Resources
Appendix 3: Global Climate Action Summit Impact Event
Chapter 7: Risk Management- Surety - Dixon Wright, USI Insurance
Financial Data Transparency Act of 2022 (S.4295)
Senator Mark Warner – Official Website
Warner & Crapo Introduce Legislation to Boost Transparency Around Financial Data
Financial Data Transparency Act - Fact Sheet
Data Coalition
Statement on the Senate Introduction of the Financial Data Transparency Act
Financial Data Transparency Act – Fact Sheet
Executive Order - Digital Assets - Cyptocurrecy
March 9, 2022
Executive Order on Ensuring Responsible Development of Digital Assets (Cryptocurrency)
Sec. 5. Measures to Protect Consumers, Investors, and Businesses.
b (vii)
… the heads of other relevant agencies, shall submit a report to the President on the connections between distributed ledger technology and short-, medium-, and long-term economic and energy transitions; the potential for these technologies to impede or advance efforts to tackle climate change at home and abroad; and the impacts these technologies have on the environment.
The report should specifically address:
(A) potential uses of blockchain that could support monitoring or mitigating technologies to climate impacts, such as exchanging of liabilities for greenhouse gas emissions, water, and other natural or environmental assets; and
(B) implications for energy policy, including as it relates to grid management and reliability, energy efficiency incentives and standards, and sources of energy supply.
Learn More
March 9, 2022
Executive Order on Ensuring Responsible Development of Digital Assets (Cryptocurrency)
Entitles Engaged in data interoperability collaboration
Contributors to Open Data to enable Next Generation Products and Services
Model Digital Ecosystem for Community Resiliency - Developer and Contractor Participants
Blu Banyan – Developed SolarSuccess, an award-winning NetSuite application optimized for residential and commercial solar installers. A leading supporter of the U.S. Department of Energy’s Orange Button initiative to establish an Open Data Exchange Format for the solar industry.
PrairieDog provides the construction industry’s leading transactional platform and digital ecosystem that is transforming the global construction industry through better allocation of risk, improved data interoperability between organizations, agile project delivery methods, and significantly reduced transactional costs enabled by blockchain and Smart Contracts.
- The Operating System 2.0 Initiative conducts research and development aimed at defining new ways of doing business in the capital projects industry.
BuilderChain provides a blockchain-based, construction marketplace and digital industry ecosystem that includes a completely agnostic and consistent business operation and coordination (scheduling) platform.
Working Groups
Construction Progress Coalition
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