New Energy Risk offers performance insurance solutions that enable our clients to advance breakthrough technologies addressing global challenges
Together with our re/insurance partners, we transfer specific and carefully calibrated technology and financial risks to the insurance markets. This is the most effective way to ensure our clients get the financial and customer support they need to accelerate their innovations
$3B
To date, our clients have unlocked over $3 billion for the development of new and renewable clean energy technologies and other imperative projects
Our typical client lacks extensive long-term performance data at a commercial scale
A lack of data hinders revolutionary technologies from securing financing, going to market, and achieving mass customer adoption. Our proprietary, technoeconomic modeling assesses the uncertainty around technology performance and reliability—as well as the relevant economics—by outlining realistic outcomes of a project or technology. With our insurance solutions, our clients can:
Access Efficient Capital
We design insurance solutions that ultimately mitigate risk for capital providers, which reduces the need for high-interest debt; with better financing terms for our clients, the overall cost of capital decreases and profits increase
Accelerate Time to Market
We provide The Power of Certainty™ that deals will close, and close faster, when financiers and/or customers are supported by our performance insurance solutions
Achieve Commercial Scale
We design insurance solutions that backstop technology warranties, even for first-of-a-kind projects, so that our clients can instead focus on commercialization and scaling their operations
Our services can help you achieve your goals with The Power of Certainty™
Case Study Success Stories
Bloom Energy
Fulcrum BioEnergy
Brightmark
Recent Press
New Energy Risk Announces Milestone as Clients Raise $3B in Capital, Also Announce Senior Promotions
Recently, NER surpassed $3 billion in capital raised by clients. Building on this momentum, the company announces multiple staff changes.
New Energy Risk Clients Surpass $3 Billion of Capital Raised for the Energy Transition
New Energy Risk has helped our clients raise over $3 billion of capital for their projects and assets on the path of Underwriting a Greener Future™.
NER Acquired by Paragon Insurance Holdings
Paragon Insurance Holdings, LLC, a national MGA based in Avon, Connecticut, announces today the acquisition of New Energy Risk (NER), an insurance solutions provider to a wide range of energy technologies and related infrastructure projects and technologies that accelerate the energy transition.
NER Included in Report: Advancing Collaborative Action on Forest Biofuels in California
Low-carbon/-negative fuels from forest biomass can help California attain its greenhouse gas reduction targets while reducing wildfire risk.
New Energy Risk Announces Collaboration with Markel® to Support Dramatic Growth of Bloom Energy Fuel Cell Installations
Increasing demand for clean and reliable power illustrates the rapidly growing ESG and energy transition sectors supported by New Energy Risk.
New Energy Risk Announces the Promotion of Dr. Brentan Alexander to President in Response to Continued Business Acceleration
NER is positioned to further capitalize on tremendous growth in the ESG and energy transition sectors.
AXA XL Publishes its 2020 Sustainability Report
Every year, AXA XL publishes a Sustainability Report, which describes its commitment to sustainability and its purpose to act for human progress by protecting what matters. Find NER on page 8.
NER’s CSO/CCO Quoted in Utility Dive
NER's CSO/CCO Brentan Alexander is quoted in Utility Dive. Read about why long-duration energy storage is key to US decarbonization goals.
NER Featured in Berne Union’s The BUlletin
New Energy Risk is pleased to have been featured by Berne Union in its latest issue of The BUlletin, Summer 2021: Illuminating Climate, to discuss technology and credit risk.
AXA Publishes its 2021 Climate Report
Every year since 2015, AXA publishes a Climate Report which describes its current climate strategy and new developments. Find NER on page 69.
Client Testimonials
“If you have innovative technology but you’re having trouble convincing financers to support you, New Energy Risk is the partner you need to bridge that gap. They have the engineering prowess to understand what you’re trying to do and the translational skills to pull the financial implications from the technical risk—and they’re able to do it better than anyone else I know.”
Jim McDermott, Founder & Executive Chairman, Fulcrum BioEnergy
“With New Energy Risk’s help, we were able to close financing and reduce the cost of our capital, which allowed us to deliver a more competitively priced product to our end users. They help you cross the chasm. They help you go from early-stage development to mainstream by doing extremely thorough technical risk assessment and managing risks others do not have the quantitative ability to model and understand.”
Scott Reynolds, Managing Director, Bloom Energy
“New Energy Risk’s ability to understand our proprietary technology and to tailor their technology insurance solution on a timely basis to meet key financing needs was integral to the ultimate success of [our] project financing.”
Scott Healy, SVP & Chief Financial Officer, Brightmark