The latest on Energetic and renewable energy trends.

As global energy systems shift due to climate policies and technological advancements, renewable energy has become the leading source of new power capacity. Technologies like solar, wind, and marine energy hold immense potential, but their growth also brings evolving risks. Insurance plays a vital role in securing project financing for renewable developments, making risk management crucial for the sector's expansion.

Lloyd’s and Imperial College London’s Centre for Energy Policy and Technology present a series of reports analyzing the changing risk landscape, technology advancements, and the role of insurance in supporting the renewable energy transition.

Download the full report series here.

The US Honors 2020 awards ceremony recognizes exceptional talent and outstanding achievements within the global wholesale, specialty, and (re)insurance sectors in the United States. This prestigious event highlights the innovative contributions and leadership shaping the future of the industry, celebrating companies and individuals driving excellence and impactful change across the insurance landscape.

Learn more about the award winners and their achievements here.

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The InsurTech Impact 25 report by Oxbow Partners identifies 25 InsurTech companies poised to significantly impact the insurance industry. As InsurTech has grown rapidly since its emergence in 2015, industry executives face a flood of new technology-driven businesses. This report offers a carefully curated selection of companies most likely to transform the sector in 2018 and beyond. By analyzing InsurTech’s potential and challenges, Oxbow Partners provides insurers and brokers with critical insights to back the right companies and leverage technology for industry transformation.

Explore the full report here.

Foley Hoag LLP advised Energetic Insurance in securing a $2.7M seed investment, led by Congruent Ventures with participation from Clocktower Ventures and Powerhouse Ventures. This funding brings Energetic’s total capital to over $4M. Energetic Insurance, a Boston-based Managing General Underwriter (MGU), addresses a critical barrier in commercial solar by offering insurance that covers default risks for businesses without public credit ratings, enabling easier access to long-term power purchase agreements.

Read more about this investment here.

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Energetic Insurance has announced the first solar energy project to utilize its SCOR-backed EneRate Credit Cover®. The 800-kilowatt carport project, developed by CalCom Energy and financed by Live Oak Bank, provides electricity to a retail center in California. This innovative insurance product mitigates default risk for businesses without public credit ratings that enter long-term power purchase agreements, unlocking new financing opportunities for commercial and community solar projects.

James Bowen, CEO of Energetic Insurance, highlighted that this milestone will help small and medium businesses access solar savings typically reserved for larger companies.

Learn more about this milestone project here.

Energetic Insurance has announced the successful completion of its first EneRate Credit Cover® policy for an 800-kW solar carport project at a California retail center. The policy mitigates payment default risk for commercial solar projects, enabling developers to secure affordable financing and access more customers. Developed by CalCom Energy with financing from Live Oak Bank and Symbiont Energy, this milestone opens new opportunities for small and medium businesses to benefit from solar energy, a space traditionally dominated by large corporations.

Learn more about this breakthrough project here.