Zurich Insurance Group (Zurich) and broker Aon have launched a clean energy insurance facility which covers blue and green hydrogen projects globally, as well as CCUS, with capital expenditures of up to $250m.
Providing insurance cover is another key financial piece in the development and acceleration of hydrogen. According to a statement, the facility has already been ‘oversubscribed’.
Sierra Signorelli, CEO Commercial Insurance at Zurich, said insurance is a key enabler to facilitate the Net Zero transition, providing protection as well as risk expertise.
“Clean hydrogen has immense potential as an eco-friendly alternative to fossil fuels and we strongly believe it can play a critical role in the energy transition,” she said.
... to continue reading you must be subscribed
