The latest on Energetic and renewable energy trends.
Energetic Insurance Raises $2.5M to Expand Solar Financing Solutions
Boston-based Energetic Insurance has raised $2.5M in a funding round led by Congruent Ventures, with participation from Clocktower Technology Ventures and Powerhouse Ventures. The company also launched its flagship product, EneRate Credit Cover®, a credit insurance policy designed to mitigate default risk for commercial solar projects. Backed by SCOR Global P&C, this policy addresses the financing challenges faced by developers working with businesses lacking public credit ratings, unlocking new opportunities in the renewable energy market.
Learn more about this funding and product launch here.
Energetic Insurance Raises $2.5M to Expand Solar Financing Solutions
Boston-based Energetic Insurance has raised $2.5M in a funding round led by Congruent Ventures, with participation from Clocktower Technology Ventures and Powerhouse Ventures. The company also launched its flagship product, EneRate Credit Cover®, a credit insurance policy designed to mitigate default risk for commercial solar projects. Backed by SCOR Global P&C, this policy addresses the financing challenges faced by developers working with businesses lacking public credit ratings, unlocking new opportunities in the renewable energy market.
Learn more about this funding and product launch here.
Energetic Unveils ‘Game-Changing’ Insurance Policy for Commercial Solar Market
Energetic Insurance has launched EneRate Credit Cover®, a groundbreaking 10-year credit insurance policy designed to protect solar developers from payment default risks in commercial and industrial (C&I) projects. Backed by SCOR Global P&C, this policy addresses the challenge of financing projects for businesses without public credit ratings—an issue that affects over 90% of U.S. companies. By providing protection, Energetic unlocks a vast, untapped market for C&I solar development. The company also announced a $2.5 million funding round led by Congruent Ventures.
Learn more about this innovative solution here.
Insider's Guide to Energy: Exploring Insurance’s Critical Role in the Energy Transition
In the latest episode of Insider’s Guide to Energy, Jeff McAulay, COO & Co-Founder of Energetic Insurance, joins the conversation to discuss how innovative insurance products are driving the renewable energy transition. McAulay explains how Energetic Insurance is helping the solar industry overcome challenges related to counterparty credit risk, enabling more capital to flow into clean energy projects. Tune in to learn how the right risk management solutions can accelerate the growth of renewable energy and make previously unattainable projects viable.
Listen to the full discussion here.