Innovative Insurance Facility for Blue and Green Hydrogen Projects
Key Ideas
  • Zurich Insurance Group and Aon PLC have launched a new facility for blue and green hydrogen projects with up to $250 million in capital expenditures.
  • The facility offers comprehensive coverage including construction, operational cover, business interruption, and more, led by Zurich.
  • In addition to hydrogen projects, the insurance also covers carbon capture, utilization, and storage technologies.
  • Blue hydrogen, derived from natural gas, aims to reduce carbon intensity, while green hydrogen is produced via renewable energy-powered electrolysis.
Zurich Insurance Group and Aon PLC have collaborated to introduce an innovative insurance facility designed specifically for blue and green hydrogen projects. This new facility offers global coverage for projects with capital expenditures of up to $250 million. The coverage is multi-line and led by Zurich, providing a single integrated policy for various aspects of the projects, including construction, operational cover, business interruption, and more. Notably, the insurance also extends to carbon capture, utilization, and storage technologies, reflecting a comprehensive approach to sustainability. Blue hydrogen, which involves the use of natural gas with carbon capture methods to lower carbon emissions, and green hydrogen, produced through electrolysis powered by renewable energy, are key focus areas of this initiative. The collaboration between Zurich and Aon signifies a significant step towards supporting and securing investments in sustainable hydrogen projects while addressing the associated risks through tailored insurance solutions.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.