Petaluma, California, April 3, 2024–(BUSINESS WIRE)–SRC Digital Insurance Services has launched its Blue Opportunity crowdfunding campaign with K. Dixon Wright as lead investor.
Crowdfunding is transforming the renewable energy sector as entrepreneurs gain access to startup capital to create the next generation of products and services that operate in the metaverse, a digital ecosystem. These partnerships will leverage the DOE Orange Button Initiative, which establishes a comprehensive, open standards-based digital ecosystem to enhance efficiency, transparency, and sustainability, allowing renewable energy players to engage in capital markets. It will revolutionize the way we connect with our customers and financial markets.
Revolutionizing renewable energy financing
“Our partnership is more than just a strategic collaboration, as there is an urgent need to link renewable energy efforts more efficiently to capital and financial markets, “This is a leap forward in redefining the landscape,” said President K. Dixon Wright. of SRC Digital Insurance Services. “This is about building a seamless digital ecosystem where capital flows are not just transactions, but catalysts for sustainable energy solutions.”
SRC aims to streamline insurance and guarantees for power purchase agreements, introduce a bill management model for utilities, and demonstrate a scalable and repeatable model for digital innovation in energy finance. “Our collaboration marks a pivotal moment in our pursuit of sustainability,” said Blue Banyan's Jean Rippingale. “By partnering with SRC Digital Insurance Services, we are setting the stage for a future where digital solutions pave the way for significant advances in renewable energy financing.”
Pioneering digital solutions with Concord Services
The partnership extends to a groundbreaking project with Concord Servicing that aims to demonstrate the potential of this digital ecosystem to major power companies. Pilot projects include solar power plants developed using a digital ecosystem that connects utilities, project owners, contractors, and consumers to capital markets for financing, insurance, and guarantees. These projects prove the practical benefits and transformative potential of digital integration in renewable energy.
“Working with SRC Digital Insurance Services on this initiative was a great opportunity to demonstrate the effectiveness of digital solutions in energy management and transactional streamlining,” said Tom Myers of Concord Servicing. “This marks a step towards a new era in energy supply and financial management.”
about SRC Digital Insurance Service
SRC Digital Insurance Services is at the forefront of digital innovation and specializes in connecting stakeholders within the “industrial metaverse” to capital and financial markets, or the “economic metaverse.” SRC Digital is committed to increasing the efficiency and sustainability of energy financing and applying improved management and risk management to all types of next-generation infrastructure through cutting-edge digital solutions.
about blue opportunity
Blu Opportunity – majority owned by Blu Banyan, a pioneering FinTech company. Blu Banyan is a company that works with the U.S. Department of Energy's Orange Button Initiative to support the digital transformation of the solar industry, reducing market inefficiencies and lowering costs for consumers. Blu Banyan's award-winning SolarSuccess business management software is used by over 60 of his fastest-growing solar installers in the United States.
For more information on Blu Opportunity, please see below.
Disrupting the solar power loan market through an innovative financing platform
Blu Opportunity's integration with the SolarSuccess platform enables payment processing automation, simplifying and speeding up the payment process.
about concord services
As a fintech company at the forefront of loan portfolio services, Concord provides compliant, flexible, and scalable solutions to meet your unique needs. To learn more about our loan repayment capabilities, contact us today at (866) 493-6393 or bd@concordservicing.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240403394597/en/
contact address
K. Dixon Wright
SRC Digital Insurance Service
dixon@srcdis.com
Jean Rippingale
blue banyan
jrippingale@blubanyan.com
susan kelly
concord services
sukelly@concordservicing.com
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