SRC Digital Insurance Services leads crowdfunding campaign to digitally connect renewable energy stakeholders with capital and financial markets

PETALUMA, Calif., April 3, 2024–(BUSINESS WIRE)–SRC Digital Insurance Services has launched the Blu Opportunity crowdfunding campaign with K. Dixon Wright as lead investor.

Crowdfunding is transforming the renewable energy sector as entrepreneurs can now access seed capital to develop next-generation products and services that operate in digital ecosystems, the Metaverse. These partnerships will revolutionize the way renewable energy stakeholders engage with capital and financial markets and leverage the DOE Orange Button initiative to create a comprehensive, open standards-based digital ecosystem to drive efficiency , improve transparency and sustainability.

Revolutionizing renewable energy financing

“Given the urgent need to more efficiently connect renewable energy initiatives with capital and financial markets, our partnerships are more than just strategic collaborations; they represent a leap toward redefining the financial landscape of the renewable energy sector,” said K. Dixon Wright, President of SRC Digital Insurance Services. “This is about creating a seamless digital ecosystem where the flow of capital is not just a transaction but a catalyst for sustainable energy solutions.”

SRC's goal is to streamline insurance and guaranteeing for power purchase agreements and introduce a utility bill management model that introduces a scalable and repeatable model for digital innovation in energy financing. “Our collaboration represents a pivotal moment in the pursuit of sustainability,” noted Blu Banyan’s Jan Rippingale. “By working 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 Servicing

The partnership extends to groundbreaking projects with Concord Servicing aimed at demonstrating the potential of this digital ecosystem to large utilities. Pilot projects include solar farms developed using digital ecosystems that connect utilities, project owners, contractors and consumers with capital markets for financing, insurance and guarantees. These projects are evidence of the practical benefits and transformative potential of digital integration in the renewable energy sector.

The story goes on

“Working with SRC Digital Insurance Services on this initiative was an exceptional opportunity to demonstrate the effectiveness of digital solutions in streamlining energy management and transactions,” said Tom Myers of Concord Servicing. “It marks a step toward a new era in energy distribution and financial management.”

About SRC Digital Insurance Services

SRC Digital Insurance Services is at the forefront of digital innovation and specializes in connecting stakeholders within the “Industrial Metaverse” with the capital and financial markets – the “Economic Metaverse”. Through cutting-edge digital solutions, SRC Digital is committed to increasing the efficiency and sustainability of energy financing and applying improved governance and risk management to all types of next-generation infrastructure.

About Blu Opportunity

Blu Opportunity – a pioneering FinTech company, is majority owned by Blu Banyan, a company working with the US Department of Energy's Orange Button Initiative to support the digital transformation of the solar industry, reduce market inefficiencies and costs to consumers to lower. Blu Banyan's award-winning SolarSuccess business management software is used by more than 60 of the fastest-growing solar installers in the United States.

More information about Blu Opportunity:

Revolutionizing the solar loan market through an innovative lending platform

The integration of Blu Opportunity into the SolarSuccess platform enables automated payment processing and simplifies and accelerates the payment process.

About Concord Servicing

As a fintech company leading the way in loan portfolio management, Concord delivers compliant, flexible and scalable solutions to meet individual needs. To learn more about our loan processing options, contact us today at (866) 493-6393 or [email protected].

View source version on businesswire.com: https://www.businesswire.com/news/home/20240403394597/en/

contacts

K.Dixon Wright
Digital insurance services from SRC
[email protected]

Jan Rippingale
Blu Banyan
[email protected]

Susan Kelly
Concord Maintenance
[email protected]