Articles from New Energy Risk

New Energy Risk (NER), a wholly owned subsidiary of Paragon Insurance Group and leading provider of customized technology performance insurance solutions for energy transition projects, today announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz succeeds outgoing CEO Tom Dickson, who is departing the company to explore new opportunities after more than ten years at the helm.

New Energy Risk (“NER”), a wholly owned division of Paragon Insurance Group and leading provider of customized technology performance insurance solutions for energy transition projects, has entered into a partnership with Topsoe, a global leader in carbon emission reduction technologies. NER will serve as the preferred insurance supplier for Topsoe’s hydrogen electrolyzer business.

New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, and Ecostrat, a leader in assessing, developing, optimizing, and managing biomass supply chains, today announced a partnership to develop Feedstock Supply Insurance© (FSI), an insurance offering that aims to mitigate risk in biomass feedstock supply chains. It will do this by effectively capping feedstock costs and securing long-term project debt repayment obligations.

New Energy Risk (NER), a wholly-owned division of Paragon Insurance Group, today announces the release of its annual Sustainability Report. The report details the results of the sustainability efforts of NER’s client portfolio, where innovations to reduce carbon intensity for fuels and power, as well as to promote the circular economy and curb waste, have delivered measurable results amid the energy transition.

Please replace the release dated June 26, 2024 with the following corrected version due to multiple revisions.

New Energy Risk (“NER”) and Ascend Analytics, LLC (“Ascend”) have announced the closing of an industry-first energy storage insurance policy providing coverage for the performance of Ascend’s battery storage forecasting and bidding optimization platform. The policy will enable the financing of a portfolio of grid-scale energy storage facilities in Texas’s ERCOT power market. NER is a leading insurance agency specializing in insurance solutions for technology in the energy transition that act as an effective bridge between technology innovators, their customers and lenders, and the insurance markets. Ascend is a leader in energy market valuation and dispatch optimization, whose independent economic assessments have supported over 100 project financings and whose SmartBidder™ platform conducts live dispatch operations across six ISO’s in the United States.

New Energy Risk (NER), a wholly-owned division of Paragon Insurance Group, today announces the release of its annual Sustainability Report.

New Energy Risk, (“NER”) a wholly owned division of Paragon, and provider of customized insurance technology solutions for energy transition projects, has provided Yilkins with a performance warranty backstop insurance program to support the company’s project pipeline. Yilkins supplies novel, patented technology and equipment for cost-effectively turning a wide range of organic residue streams such as forestry and agricultural residuals into standardized fuel products. Yilkins is involved in projects for the production of low carbon intensity fuels for a range of applications including industrial heat and power, green hydrogen, sustainable aviation fuels, and renewable chemicals. Yilkins’ process offers lower capital cost and uses significantly less energy than incumbent solutions. The latter translates into a favorable carbon index for novel biomass-based processes.

New Energy Risk (“NER”), a wholly owned division of Paragon Insurance Group, and Green Circle, a wholly-owned division of Lummus Technology, today announce a strategic partnership in which NER will serve as the preferred insurance supplier for Green Circle’s advanced waste plastic recycling technology.