To assist the many communities and businesses that are seeking to take advantage of new digital tools SRC Digital Insurance Services is hosting a Digital Ecosystem Demonstration to showcase the potential efficiency and cost reductions made possible by DOE initiatives Orange Button, Orange Buton Taxonomy Viewer and SolarApp.
Stakeholders engaged in clean energy are invited to participate in a digital ecosystem demonstration that leverages DOE Orange Button and SolarApp along with XBRL and FDX. Participants will learn about the DOE initiatives and engage with other participants as they consider transitioning to digital themselves.
Utilities around the country are looking for ways to transition to local energy being produced in the private sector with private financing. Introducing a wide range of stakeholders for planning, finance, insurance and surety for construction and operations of private energy generation facilities. From the large utility scale and data centers to the small solar carport there is an urgent need for consistent, reliable and secure data interoperability for efficiency and cost reductions.
In 2011 The Department of Energy launched the SunShot Initiative which lead to the Orange Button - an extensive multi-industry collaboration effort to leverage data standards to reduce soft costs and improve risk management by establishing data interoperability.
A decade later the DOE has launched SolarAppfor standardizing the process and data elements for permitting solar projects and enabling the opportunity to further reduce soft costs by multiple stakeholders utilizing SolarApp data for construction, finance, insurance and surety.
Digital Ecosystem Demonstration
The digital ecosystem demonstration will allow participants to engage in a mock project to send and receive digital financial, insurance and surety contracts as next generation products and services to make energy grids cleaner and more resilient. Particularly in California where Power Shutoffs have negative economic and personal impacts but also create significant pollution as gas powered backup systems are utilized.
The mock project will also demonstrate how local governments can develop community energy resilience plans and expedite permit review of distributed energy resources. Including how to maintain a publicly available and searchable database of all projects as called for in California AB1223 and pending Senate Bill 833, similar to Caltrans and VDOT. Stakeholders will have the transparency required to create next generation products and services by leveraging available community energy resilience planning tools like Orange Button and SolarApp.
For the mock project we are utilizing the publicly available Solar Master Plan created for the City of Novato in 2015 as a typical “Any City” community where a city-wide microgrid connecting all campuses as “critical community facilities” could provide grid resiliency while promoting clean energy. Participants will bid to “Any City”, and can receive bids, with real surety bonds and prototype smart contracts.
One element of the demonstration is to develop a model grant request as outlined in SB833 for installing solar/storage on all 17 model campuses connected by 40 miles of underground infrastructure tunnel by EarthGrid.
Grant participants will establish a digital ecosystem where a majority of the process is paperless, from inception, through permitting and final project completion enabled the DOE Orange Button, XBRL and SolarApp. It will be an “Any City” model that can be replicated across the state and country as a Public Benefit.
From the contractors that build to the lenders that finance, from insurers that provide risk management to the sureties that protect against default, the next generation of digital products and services enabled by the DOE Orange Button and SolarApp will accelerate the transition to digital while promoting innovation and competition for expanding the range of products and services for various stakeholders in the digital ecosystem.