Published on May 13th, 2016 | by Glenn Meyers3
Orange Button Initiative Launches
May 13th, 2016 by Glenn Meyers
We announce the launch of the Orange Button initiative, part of the US Department of Energy’s SunShot initiative.
“Creating unified data standards will help the solar industry reduce market inefficiencies and lower costs for consumers. Orange Button, originally named Solar Bankability Data to Advance Transactions and Access, targets a reduction in soft costs by streamlining the collection, security, management, exchange, and monetizing of solar datasets across the value chain of solar. Creating an industry-driven standardized data landscape will facilitate the growth and expansion of distributed solar. As the solar market continues to rapidly expand, it’s critical that the collection, management, and exchange of solar datasets – especially those that affect the bankability of solar assets – are coordinated and streamlined to protect consumers, increase efficient pricing, and support new and existing businesses entering the solar marketplace.”
“SGIP is an industry consortium representing a cross-section of the energy ecosystem focusing on accelerating grid modernization and the energy Internet of Things through policy, education, and promotion of interoperability and standards to empower customers and enable a sustainable energy future. Our members are utilities, vendors, investment institutions, industry associations, regulators, government entities, national labs, services providers and universities. A nonprofit organization, we drive change through a consensus process.”
These entities are asking industry leaders to join us in defining the strategy and business requirements to make solar projects more bankable.
To accomplish our team goals, we are forming five Working Groups:
- Deployment: (including solar asset installers, engineering firms, permitting officials, etc.) Focused on the data needs associated with structural and electrical safety and other permitting concerns. This working group will include building code and safety standards experts, project developers, and other relevant stakeholders.
- Financial: (including banking and specialty finance institutions, solar project developers, asset managers, etc.) Engaged in supporting efficient finance for projects, as well as efficient financial reporting practices during project operation. This working group will examine data practices for tax and accounting systems, streamlining information exchange between banks and developers to assess development risk, and the data exchange environment necessary to conduct effective financial asset management activities.
- Real Estate: (including professionals experienced in identifying and transacting in real estate for solar projects) Focused on data requirements of the real estate industry (as they are relevant to solar projects) to deploy projects at various types of commercial real estate (e.g., owner-occupation of buildings, types of lease structures held by tenants).
- Solar O&M: (including project developers, O&M service providers, etc.) Focused on all data requirements behind project operations and maintenance practices and cost models.
- Grid Integration: (including electric utilities, project developers, ISOs, state regulatory bodies, etc.) Focused on the data needs for utilities, ISOs, and solar developers with regard to new utility-scale and behind-the-meter connections.
SGIP public relations vice president Gabrielle Puccio has said anyone who is interested in joining one of the Orange Button Strategy and Business Requirements working groups listed above can simply register on the SGIP website.
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