The US Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) has introduced a new initiative to develop an open-source database of real-world performance from solar facilities across the US.
The database, called Open Solar Performance and Reliability Clearinghouse (O-SPaRC), is being developed as part of the DOE’s SunShot Initiative, and is designed to improve access to low-cost financial capital by enabling credit rating agencies and potential investors to assess the underlying risk of the asset class.
“The O-SPaRC dataset will provide the market with critical data on the long-term performance of residential and commercial solar facilities,” NREL’s senior financial analyst Michael Mendelsohn said. “This is an important step to tapping the public capital markets and offers the potential to significantly lower the cost of solar energy.”
NREL has signed a contract with SunSpec Alliance to build the anonymous system-performance dataset. The project is being funded by the DOE’s Office of Energy Efficiency and Renewable Energy.