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    • Home
    • About
    • Products & Services
    • Leadership
    • Contact
    • Meetings
    • Sign In
    • OBTV
    • Links
      • More Information
      • Legislation
      • DOE XBRL Orange Button
      • NREL
      • Sunspec Alliance
      • XBRL Orange Button
      • XBRL Solar
      • XBRL Construction Surety
      • CPC-Construction Progress
    • The Great Reset Dialogues
    • Review and Comment
    • Digital Surety Bond
    • PG&E On Bill Pilot
    • Digital Ecosystem
    • SBRM - General Contractor
    • FISTech Digital Ecosystem
    • DATA-Act-2.0

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  • Home
  • About
  • Products & Services
  • Leadership
  • Contact
  • Meetings
  • Sign In
  • OBTV
  • Links
  • The Great Reset Dialogues
  • Review and Comment
  • Digital Surety Bond
  • PG&E On Bill Pilot
  • Digital Ecosystem
  • SBRM - General Contractor
  • FISTech Digital Ecosystem
  • DATA-Act-2.0

SRC Digital Insurance Services

SRC Digital Insurance ServicesSRC Digital Insurance ServicesSRC Digital Insurance Services

Digitally Connecting Stakeholders with Capital & Financial Markets

Digitally Connecting Stakeholders with Capital & Financial MarketsDigitally Connecting Stakeholders with Capital & Financial Markets

UC BERKELEY CENTER FOR CATASTROPHIC RISK MANAGEMENT

UC Berkeley Center for Catastrophic Risk Management 


March 10,2021

Digital Ecosystem for Infrastructure Reliability – Attracting Capital and Financial Markets to Infrastructure


Archive of CCRM Presentations


Digital Ecosystem for Infrastructure Reliability - Attracting Capital and Financial Markets to Infrastructure

Presentation Slide Deck (pdf)

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Webinar Timeline (pdf)

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Presentation

0:00 Introduction - Rune Storesund

Background on Center for Catastrophic Risk Management


Presentation

1:35 K. Dixon Wright

2:46 Presentation

   3:06 Overview

   6:07 Problem Statement

   6:50 The Federal Button

   9:00 Ecosystem Stakeholders

   10:09 The Data Element

   12:12 The Data Stack

   15:33 Use Cases

   15:36 Digital Contractors Monthly Progress Payment Application

   16:47 Digital Solar System Monthly Operating Report

   20:09 Digital Surety Bond

   21:38 On Bill Repayment

   24:40 Where We Are Today

   27:20 Summary

   27:51 Going Forward – Brainstorming

32:02 End

Post Presentation Brainstorming

0:00 Dixon Wright

0:36 Pete Dumont – Blockchain and OS2

4:07 Dixon Wright – XBRL and other Standards

5:20 George Kelly – PV System Monitoring System 

5:55 Emery Roe – Real Time Information Question

6:48 Dixon Wright – Data report timing response 

8:23 Dixon wright, Question - Are Case Studies Available 

9:17 Jan Rippingale, AHJ Registry/Solar App

12:07 Dixon Wright, Working outside of XBRL.

12:45 Jan Rippingale, Working Outside XBRL

15:28 Thomas Frossard, Blockchain and Security

16:17 Peter Dumont, Blockchain use cases.

17:40 Dixon Wright, Question Does Blockchain undermine competitive advantage.

18:49 Peter Dumont, Blockchain and the construction industry

19:50 Dixon Wright, Private sector more agile than public

20:21 Dixon Wright, Environmental permits

20:50 Rune Storesund, Future workshop at UC Berkeley

22:02 Dixon Wright, Future workshop at UC Berkeley

22:52 Rune Storesund, Future workshop at UC Berkeley – Blockchain

23:18 Pete Dumont, Blockchain

26:59 Thomas Frossard, Blockchain 

27:24 Dixon Wright, Meeting wrap up

27:54 Dixon Wright, Last question – Climate data for risk modeling

28:30 Jonathan Previtali, Climate data for risk modeling 

30:20 Rune Storesund, Meeting close

30:35 End

Abstract

Insurance/surety companies have a unique perspective on risk management due to the very large portfolio of organizations and jurisdictions they service. This broad window gives them unparalleled insights into the skew between ‘intended’ performance and ‘actual’ performance, where the insurance company has to ‘pay out’ if things don’t actually go as ‘intended.’ Insurance companies manage this risk through data. Big data provides opportunities to refine and optimize risk management. Use of ‘big data’ is seen as a means to not only create an actuarial database to set ‘risk premiums,’ but also more near-real time identify potential risk factors that can be used as ‘leading indicators’ for risk management.

While “Big Data,” “Data Analytics,” “Predictive Analytics,” and “Data is the New Oil” have become commonplace terms in global business parlance, managing “data overload” remains a fundamental and consequential challenge: fragmented data from multiple sources in the ecosystem that lacks the data consistency to be of value.


The ‘Orange Button’ initiative aims to solve the challenge of data consistency across the construction infrastructure ecosystem which will enable and facilitate data interoperability between and among stakeholders — public or private — as well as generate innovations to improve efficiency, reduce risk, and provide the transparency to attract capital (cash funding sources) and financial markets (bank and trade credit, insurance, surety) with greater capacity as well as improved terms and conditions. This ‘Big Data’ approach will facilitate measuring and monitoring key performance indicators to improve risk management as well as to strengthen policies and capabilities. Data interoperability will become an increasingly significant factor in determining risk, accessing capital, and/or securing trade credit, and the costs of insurance or surety will likely also be impacted.


This session will illustrate the U.S. federal government’s efforts, in collaboration with the private sector, to establish data interoperability across industries and ecosystem stakeholders in financing, building, insuring, and operating renewable “green” infrastructure projects such as solar and wind energy. 


Here are some of the experts and their respective expertise that will be responding to questions and participating in the brainstorming:

 

Orange Button Collaboration Group

Jan Rippingale, Chief Executive Officer, Blu Banyan

· Authority Having Jurisdiction  (AHJ) Registry 


Jonathan Previtali, Director of Technology & Technical Services, Wells Fargo Bank


Joel E. Boeder, Vice President - Emerging Technologies Strategy Consultant - System Architect, Wells Fargo Bank

· Orange Button Taxonomy Viewer


Call for Concepts and Collaboration

Eric Altman, Assistant Vice President - Surety, Sompo International


Smart Contracts and Blockchain

Pete Dumont, Chief Executive Officer, PrairieDog Venture Partners

· Construction Industry Institute at the University of Texas at Austin - Operating System 2.0

· Construction Users Roundtable

· June 22, 2020 - Smart Contracts with Blockchain – Redefining the Capital Projects Business Model


Digital Surety Bonds and the Bond Validation Number (BVN)

Patrick McGinty, President, SuretyWave




Learn More

SunSpec Alliance

Orange Button 


National Institute of Standards and Technology  (NIST)

Framework and Roadmap for Smart Grid Interoperability Standards, Release 4.0

  

National Academy of Sciences

The Future of Electric Power in the United States.


California Public Utilities Commission (CPUC)

Order Instituting Rulemaking to Investigate and Design Clean Energy Financing Options for Electricity and Natural Gas Customers 


PG&E On Bill Finance Pilot

  • Concept Proposal Pilot Participants


SolarApp

SolarApp is a standardized national data set for permitting solar projects that can also be utilized for finance, construction, surety and insurance. 

  • SolarApp - National Renewable Energy Laboratory
  • SolarApp – The Solar Foundation
  • SolarApp - Solar Energy Industries Association


  • February 17, 2021 - Early adopters approve of NREL instant solar permitting software SolarAPP


National Renewable Energy laboratory (NREL).

Solar TRACE: Permitting, Inspection, and Interconnection Data and Analytics


Authority Having Jurisdiction  (AHJ) Registry

  • Searching AHJs for solar permitting? Check this free, crowd-sourced registry


  • Is Permitting Killing Your Solar Business? Help May Be An Orange Button Away.


Construction Users Roundtable (CURT)

How Smart Contracts are Reducing Inefficiencies in Construction

  

Energy Storage Association 

Energy Storage Best Practice Guide


Caltrans - Progress Payment Transparency 

  • By District


Virginia Department of Transportation 

  • Project Dashboard
  • Project Details 


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

Data Collaboration for the Common Good: Enabling Trust and Innovation Through Public-Private Partnerships


World Economic Forum - Great Reset Dialogues

Unleashing the Power of Data Standardization - Video



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