Energy Storage Data

Leveraging Data interoperability 

Overview
The emerging ConstrucTech, InsurTech and FinTech companies will generate innovations that drive down costs and improve access to capital with data analytics for underwriting and predictive analytics for risk management and loss control.

The resulting products and services from the capital markets will be more competitively priced, and insurance and surety financial markets will leverage data to better define terms and conditions, as well as coverages and claims response.

As contracts more clearly define and quantify obligations the traditional separation between the “On Demand” letter of credit or “On Default” surety bond will lessen, as the predictability and reliably of surety claims response will be improved. 

As contracts more clearly define and quantify obligations and “cure remedies” the traditional separation between risk that is transferred through insurance, to the surety bond where risk is retained will also be impacted.

The necessary requirement to promote and accelerate the ConstrucTech, InsurTech and FinTech companies development of those innovative products and services is data with and secure reliable data interoperability based on industry adopted data standards and standardized model contracts.

Leveraging Data for Energy Storage
The best way to facilitate financing and surety credit support for energy storage is not to create a separate or silo approach to storage, but to consider a holistic approach for the entire system with storage a synergized component of that system, not a stand-alone asset. 

To synergize components of an energy system there must be an established data interoperability capability with industry adopted data element terms and definitions that not only allows a “plug and play” type of structure for procurement and construction, but a way to quantify, monitor and measure performance so that obligations can also be quantified in contracts and clearly understood by the capital and financial markets.

The DOE Orange Button collaboration to establish data interoperability with the capital and financial markets recently expanded the federally recognized eXtended Business Reporting Language (XBRL) that public companies, including many utilities, use to report financial data to the Securities and Exchange Commission with many of the data elements used in the construction and operations of solar facilities for reporting to the capital and financial markets.

The objectives of the Orange Button were to reduce soft costs by streamlining the administration and processing of financing and for securing insurance and surety on projects.

The objective of many of the Orange Button collaborators is to leverage the DOE Orange Button XBRL data for implementing improved risk management by enabling portfolio administration where the data originates at multiple disparate systems operating under multiple vendor and O&M systems.  With data standards, the data received will be in a consistent format that can be measured and monitored for predictive analytics and improve risk management.

Summary
While the data elements themselves are valuable, for maximum impact from the capital and financial markets the data elements need to consistently applied within the contracts themselves, so standardized and/or model contracts and related contract forms like surety bonds, letters or credit and insurance polices are beneficial.

The DOE Orange Button and the expanded XBRL taxonomy provide secure reliable data interoperability based on industry adopted data standards and can be used for standardized model contracts.

Standardized contracts that utilize industry adopted data standards that enable improvements in risk management and predictive analytics will impact the ability to secure financing, insurance and surety.

Contracts and related forms that need to reviewed and underwritten in addition to the underlying contract risk, with ongoing monitoring requiring individual attention and processing, will not be as easy to secure competitive financing, surety and insurance.

Leveraging Data

Comments Submitted


Link to Comments Submitted


January 14, 2019

Pacific Gas & Electric
Request for Abstracts (“RFA”) 
from Third-Party Energy Efficiency Implementers
To design, propose, and implement energy savings services and/or programs (“3P Programs”)


January 7, 2019

The U.S. Department of Energy
Office of Energy Efficiency and Renewable Energy
Solar Energy Technologies Office (SETO)
Request for Information:
Challenges and Opportunities for the American Solar Industry


​​July 25, 2018

Comments to US Department of Commerce 

Cross- Agency Priority Goal: Leveraging Data as a Strategic Asset

Reducing Burdens for Construction of Infrastructure
Data Interoperability as Innovation Enabler
Impact


December 10, 2017

XBRL-CET Memo to Homeland Security
Modernizing Energy and Transportation Infrastructure
Emergency Response for Puerto Rico


July 19, 2017

Comments to US Department of Transportation 
Reducing Burdens for Construction of Infrastructure
Data Interoperability as Innovation Enabler
Impact


​December 11, 2017​
Comments to California Department of Transportation 
Caltrans SB1 / SB103 Small Business
Reducing Burdens for Construction of Infrastructure
Data Interoperability as Innovation Enabler
Impact


June 22, 2015
Department of Energy (DOE)
Office of Energy Efficiency and Renewable Energy (EERE)
Funding Opportunity Announcement (FOA) Number:  DE-FOA-0001319 
Solar Bankability Data to Advance Transactions and Access - (SB-DATA)


​April 8, 2015

SunShot Initiative
Department of Energy
Office of Energy Efficiency & Renewable Energy

Request for Information for Solar Data & Informatics
Funding Number:    DE-FOA-0001318

December 19, 2014
The U.S. Department of Energy (DOE)
Office of Energy Efficiency and Renewable Energy (EERE)
Building Technologies Office
Funding Opportunity Announcement (FOA)
Buildings University Innovators and Leaders Development (BUILD) – 2015

August 2014
American Energy Data Challenge
U.S. Department of Energy and the Green Button Initiative
Open Data by Design Contest.
Construction Performance Measurement Dashboard using XBRL-CET

January 16, 2012
XBRL Contest