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Digitally Connecting Stakeholders with Capital & Financial Markets
DOE Smart Grid Grants
Concept Paper - Expand XBRL Taxonomy to Support Model Digital Ecosystem for Community Resiliency
February 2, 2023 - DOE responded and discouraged a formal proposal.
BIL Grid Resilience and Innovation Partnerships (GRIP)
Department of Energy
National Energy Technology Laboratory
Concept Papers Due: December 16, 2022
DOE Response to Concept Papers: January 27, 2023
Full Applications Due: March 17, 2023
Project Concept:
Expand the XBRL Taxonomy to Support Model Digital Ecosystem for Community Resiliency to unleash the power of data standardization with a multi-stakeholder effort that is individual but collaborative, independent but integrated, that results in:
- A “Model Digital Ecosystem for Community Resiliency” that identifies and incorporates all the data elements that need to be in the XBRL taxonomy and establishing an open standards based digital ecosystem model that can be utilized by any system and replicated by any community.
- Expanded the XBRL taxonomy as a public benefit that can be monetized by the private sector and leveraged by public agencies; local, state and federal.
- Accelerating the implementation of private digital construction management systems that align with all federal agencies, specifically SEC, SBA, GSA, DOE and DOT.
Topic Area being addressed: Topic Area #2
Smart Grid Grants - Enhancing Interoperability and Data Architecture of Systems
Technical and business points of contact:
K. Dixon Wright, Chairman, Surety Resource Connection, Inc.
Names of all collaboration member organizations
- Surety Resource Connection
- Orange Button Collaboration / XBRL US
- Texas A&M / PrairieDog
- Construction Progress Coalition
- Financial Data Exchange
- Digital 360 Summit - CMG Consulting
- American Resilience Project
Project location(s)
Physical Project: Novato California
Statements regarding confidentiality
Open Standards – Open Collaboration - No Confidentiality
Executive Summary
SRC Digital Insurance Services (SRC) and various collaborators seek funding to support a continuing collaboration with the Orange Button working group, expanded to include other data interoperability initiatives like the Accelerated Capital Project Formation (ACPF) research initiative at Texas A&M University, Financial Data Exchange (FDX), Orange Button JSON, and Construction Data Exchange (CDX) to enable a digital ecosystem that can be leveraged across public and private infrastructure market segments, including regulatory, construction, finance, insurance and surety.
Deliverables
1. Novato California micro-grid to demonstrate how XBRL and data interoperability will enable an extended public/private digital ecosystem, promote innovation and competition, plus provide grid resiliency that can be replicated by other communities
2. Expanded XBRL Taxonomy with established data sets that will enable mapping across systems and other data standards.
3. Establishing data interoperability with international stock markets for financial reporting in IFRS/XBRL will enable an international supply chain.
4. Extensive university participation for greater outreach, transparency, collaboration and production of free software models and demonstrations.
5. Shareware basic code available on GitHub for converting, sending and receiving standardized data sets in XBRL or Excel.
6. Low-cost subscriptions for applications available on the Salesforce platform for converting, administering, sending and receiving data sets in XBRL or Excel.
Learn More
Submission
Institute for Sustainable Communities
School of Architecture
Texas A&M University
- Accelerated Capital Project Formation (ACPF) research initiative
Expand the XBRL and JSON taxonomy to incorporate Orange Button utilized data sets recorded and validated on blockchain
Model Digital Ecosystem for Community Resiliency
Background Information
Formula Grants to States and Indian Tribes for Preventing Outages and Enhancing the Resilience of the Electric Grid - DATA Act 2.0
Digital Infrastructure Panel at the Digital 360 Summit
Orange Button Data Element Reference
Orange Button XBRL Taxonomy Guide
XBRL Application Programming Interface (API)
Chapter 4: Technical Performance- Data Interoperability
- Appendix 1: Chronology and Historical Resource
- Appendix 2: Leadership and Resources
- Appendix 3: Global Climate Action Summit Impact Event
Chapter 7: Risk Management- Surety
Legislation
Climate resilience districts: formation: funding mechanisms.
California AB-1223 Construction contract payments: Internet Web site posting
IIJA and IRS – Accelerating the implementation of digital construction management systems
James M. Inhofe National Defense Authorization Act
TITLE LVIII, the Financial Data Transparency Act (FDTA)
Federal implementation of data standards provides local and state agencies a guideline to align state, local and federal reporting along with the private sector for data interoperability that enables a public/private digital ecosystem
Section (page 1028) that is at the core of any public/private alignment of data standards, which align with the concept paper submitted to the DOE.
c) Data Standards.--
1) Common identifiers; quality.--The data standards established in the final rules promulgated under subsection (b)(2) shall--
A) include common identifiers for collections of information reported to covered agencies or collected on behalf of the Council, which shall include a common nonproprietary legal entity identifier that is available under an open license for all entities required to report to covered agencies; and
(B) to the extent practicable--
(i) render data fully searchable and machine-readable.
(ii) enable high quality data through schemas, with accompanying metadata documented in machine-readable taxonomy or ontology models, which clearly define the semantic meaning of the data, as defined by the underlying regulatory information collection requirements;
(iii) ensure that a data element or data asset that exists to satisfy an underlying regulatory information collection requirement be consistently identified as such in associated machine-readable metadata;
(iv) be nonproprietary or made available under an open license;
(v) incorporate standards developed and maintained by voluntary consensus standards bodies; and
(vi) use, be consistent with, and implement applicable accounting and reporting principles.
Concept Paper Submission to DOE
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