kWh Analytics, the market leader in solar risk management, today (9/19) announced the release of Orange Button Translate, the first piece of software designed exclusively to support the U.S. Department of Energy Solar Energy Technologies Office's (SETO) Orange Button data standards.
Orange Button Translate streamlines data sharing in the market by facilitating the transmission of solar data between developers, investors, and other key stakeholders. This tool is the culmination of a two year award from the DOE, and it supports Orange Button's goals of reducing transaction costs and increasing bankability.
"kWh Analytics has built and maintains the most comprehensive performance database of solar assets in the United States," said Jason Kaminsky, COO of kWh Analytics. "We are proud to leverage our experience working with solar big data in support of the adoption of Orange Button along with the Department of Energy, NREL, SEPA, and SunSpec Alliance."
"Orange Button Translate will improve data sharing throughout the solar value chain and will help reduce solar soft costs as the Department of Energy and the solar industry have envisioned," said Aaron Smallwood, Senior Director for Technical Services at the Smart Electric Power Alliance (SEPA). "This is the culmination of years of work by the project teams and the solar industry, and will quicken the transition to a more clean and modern grid."
Orange Button is supported by the solar finance community, including large banks like Wells Fargo.
"Standardized data will reduce time, cost, and industry inefficiencies," said Jon Previtali, Director of Technology and Technical Services for Wells Fargo's Renewable Energy & Environmental Finance team. "With Orange Button Translate, kWh Analytics has moved the industry forward with their advanced data capabilities. Wells Fargo is a proud supporter of the Orange Button initiative."
Orange Button Translate is free and available to the public. More information can be found here: kwhanalytics.com & translate.kwhanalytics.com.
About kWh Analytics
By leveraging the most comprehensive performance database of solar projects in the United States (20% of the U.S. market) and the strength of the global insurance markets, kWh Analytics' customers are able to minimize risk and increase equity returns of their projects or portfolios. kWh Analytics also provides HelioStats risk management software to leading project finance investors in the solar market. kWh Analytics is backed by Anthemis, a leading fintech Venture Capital firm, ENGIE New Ventures, the venture arm of France's largest energy company, and the US Department of Energy.
Contacts
kWh Analytics
Sarah Matsui
sarah.matsui@kwhanalytics.com
