Zurich Insurance Group (Zurich) and Aon have teamed up to launch a groundbreaking insurance facility aimed at supporting blue and green hydrogen projects globally. Valued at up to USD 250 million, this initiative is a significant step in facilitating the transition to clean energy. The collaboration between Zurich and Aon, with Zurich leading as the insurer and Aon as the exclusive broker, underscores the commitment to promoting sustainable practices and reducing carbon emissions. The insurance facility offers extensive coverage for clean hydrogen projects, addressing the specific risks and challenges faced by developers and financiers in the sector. Blue hydrogen, derived from natural gas with carbon capture technologies, and green hydrogen, produced through electrolysis using renewable energy sources, are pivotal in advancing the energy transition. The comprehensive coverage provided by the facility spans construction, operational risks, business interruption, and third-party liabilities, ensuring enhanced risk management throughout the projects' lifecycle. Hydrogen's applications in various sectors such as transportation, industry, and energy storage are highlighted as key drivers for its adoption as a sustainable alternative to traditional fossil fuels. With the support of renewable energy sources, hydrogen offers a means to store and transport energy efficiently. Moreover, its potential as a replacement for natural gas in heating buildings and its integral role in industrial processes further emphasize the importance of clean hydrogen in achieving environmental goals. The robust market interest demonstrated by insurers subscribing beyond initial projections indicates a readiness within the insurance sector to address emerging risks and promote sustainable solutions. The introduction of the multi-line clean energy insurance facility, inclusive of carbon capture technologies and a comprehensive range of solutions across the hydrogen production value chain, signifies a progressive approach to fostering innovation and sustainability in the energy sector.