Underwrites technology performance insurance that lets lenders and tax equity finance first-of-a-kind clean energy projects.
New Energy Risk pairs engineering and actuarial modelling to write policies that sit between a novel technology and the capital stack: performance insurance for lenders that covers debt service during underperformance, performance insurance for equity through commissioning and operations, warranty backstop cover for when an equipment vendor cannot honour its warranty, and Section 48 investment tax credit and Section 45 production tax credit insurance. The firm says its portfolio has supported roughly $5B of clean capital deployment since 2013 across renewables, storage, hydrogen and alternative fuels. It operates as a wholly owned division of Paragon Insurance Holdings from Avon, Connecticut.
- Headquarters
- Avon, CT
- Employees
- 11–50
- Business model
- Services
- Ownership
- Subsidiary
No queue positions recorded under this name. Expected for software, capital and supply chain companies, which do not hold interconnection requests.
- · Curated research
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