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Concord Servicing Collaborates with Blu Opportunity, Qcells NA, and SRC Digital for Orange Button

Concord Servicing, a leading loan servicing provider for residential solar companies, has partnered with Blu Opportunity, Qcells North America, and SRC Digital Insurance Services to support the Orange Button initiative. The Orange Button initiative aims to establish data-exchange standards and an open-source community for the solar and energy storage industry. This initiative facilitates free data exchange between systems used in the asset lifecycle to reduce costs and drive innovation in the solar industry.

Concord Servicing believes that the Orange Button initiative will bring the solar industry closer to a new era in energy distribution and financial management by implementing unified data standards. This will help reduce market inefficiencies and ultimately lower costs for consumers.

Blu Opportunity, a financial technology company, is working towards making residential financing more affordable for homeowners and supporting solar installers in deploying solar systems more quickly. Blu Banyan, the company behind Blu Opportunity, aims to provide affordable, no-hidden-fee residential solar financing through their SolarSuccess business management software.

Qcells North America, a leading photovoltaic module manufacturer in the U.S. market, has joined the Orange Button initiative to streamline their expanding business units. Qcells plans to leverage their industry experience to make Orange Button Taxonomy and other SunSpec Alliance Standards useful across various use cases.

SRC Digital Insurance Services is engaged in efforts to modernize finance and construction of infrastructure projects within the renewable energy sector. They are also a lead investor in Blu Opportunity, playing a key role in reshaping the financial landscape of the renewable energy sector.

Concord Servicing has been providing award-winning loan servicing and financial technology solutions for over three decades. With more than 3 million active accounts and managing $16 billion in assets, Concord serves clients globally in industries such as vacation ownership, residential solar, energy services, and home improvement.

Blu Opportunity, majority owned by Blu Banyan, is a pioneering FinTech company that aims to reduce market inefficiencies and lower costs for consumers in the solar industry. Qcells North America is a leading clean energy company recognized for its high-performance solar cells and modules, intelligent storage systems, and large-scale renewable energy projects. SRC Digital Insurance Services specializes in digital innovations to connect stakeholders to capital and financial markets in the Metaverse, focusing on enhancing energy financing efficiency and sustainability.

Overall, these partnerships and initiatives are making significant strides towards reshaping the renewable energy sector through standardized data exchange, affordable financing options, and streamlined business operations.

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