Business
Founded in 2010, the mission of New Energy Risk is to accelerate the deployment of breakthrough technologies that address global challenges. Our platform allows flexibility wherever we can evaluate new technology performance to facilitate risk transfer and growth. With an original focus on renewable energy, today we have provided and/or are developing support for clients working within a variety of sectors including:
Renewable Energy
Fuel Cells
Energy Storage
Energy Efficiency
Waste to Energy
Power Generation
Biofuels & Chemicals
Petrochemicals
Grid
Nuclear
Water Treatment
Indoor Farming
Industrial Processes
Carbon Capture
Biomass Processing
Anaerobic Digesters
We have a wide range of clients and partners that know us well and help us curate a high-quality pipeline; our deep and varied relationships put us at the center of valuable networks in technology development, global insurance, and finance markets. This unique access is one of our strategic advantages.
We are a majority-owned indirect subsidiary of AXA SA (“AXA”), operating under the global brand AXA XL, a division of AXA, which has core operating insurance and reinsurance companies with a current S&P financial strength rating of AA- (set forth here). Our model-enabled performance insurance solutions facilitate policies that are issued by one of the affiliate companies of AXA XL, with $5 million-$200+ million in capacity, for terms of up to 15+ years. Policies may cover but are not limited to performance risks associated with:
- Commissioning
- Operating/Production
- Warranty
- Business Interruption
- Revenue Swap
- Feedstock Supply
- Tax Recapture
- Other
Sustainability
We are proud that our client portfolio includes decarbonizing technologies including fuel cells, energy storage, energy savings, waste to value including new and renewable fuels, carbon capture, and other innovations with environmental benefits. Read our 2020 Sustainability Report
Our clients’ annual sustainability impact includes (as of 2020):
449K Tons/Year
Waste Processing
Reducing landfills and building a circular economy, NER clients convert trash including household waste, nonrecycled plastic, and woody biomass into valuable products like transportation fuels and specialty waxes
This is the amount of trash produced each year by 545,565 US residents
695K MWh/Year
Clean Energy Generated
Reducing dependence on aging centralized power grids, NER clients provide customers with reliable power that’s better for the environment
This is the amount of power used per year by 63,343 US homes
50M Gal/Year
Alternative Fuel Produced
Reducing transportation’s dependence on petroleum, NER clients provide customers with better fuels by circulating waste back into the value chain as a solution for overflowing local landfills, reducing long-term greenhouse gas emissions
This is the amount of fuel used per year by 88,809 US drivers
314K Tons/Year
CO2e Avoided
Preventing harmful greenhouse gas emissions, NER clients are transitioning society to greater sustainability through a variety of practices, which displace carbon dioxide and its equivalents to slow down our worsening climate crisis
This is the amount from flying roundtrip, NYC to SFO, by 482,446 passengers
“Their insurance solution is a unicorn in this industry.”
Jay Schabel, President, Plastics Division, Brightmark