Arcadia CEO Kiran Bhatraju discusses the historical shortcomings of standard utility data-sharing efforts like Green Button.
Insight
Bhatraju: Utility payment history beats FICO scores for clean energy financing
“What we have found is that on-time payment history can be a better indicator of future payment history than something like a credit score or FICO score”
What-if
Bhatraju: Arcadia remains valuable even if all utilities build APIs
“If tomorrow we woke up and every utility in America
Created like an incredibly well-documented API for their utility.
We would still provide an incredible service that is a single meta API for all thousands of those, just with probably better data being piped …”
Assertion Not checkable as stated
Bhatraju: Most enterprise ESG accounting software relies on estimates, not data
“A lot of these companies that are approaching the enterprise, fortune The E in your ESG they're mostly running off estimates, right?”
Assertion Not checkable as stated
Arcadia: A major EV OEM uses its API to calculate charging rates
“One of the larger EV OEMs, as you pull up their app to charge they're actually pulling from our API, whether, again, whether you live in, you know, Kentucky, DC, California, all the different rate structures available to you so that you can get the cheapest ch…”
Insight
Bhatraju: Requiring 12 past utility bills causes massive solar funnel drop-off
“When you look at any rooftop solar company's funnel, there's a huge drop-off when the salesperson, you know, they come to your door, they say, we'll get you cheaper solar, put it on your roof. Then they say, can you print out 12 of your past PDF utility bills?…”
Opinion
Bhatraju: Utilities should set a single standard for intraday carbon intensity
“There needs to be a single standard, and I actually see this as where the utilities role is, of, like, what is the single standard on a utilities distribution grid of the carbon intensity in an intraday period? Like, I think they should own that. Someone shoul…”