Insurer Zurich and broker Aon have partnered to launch a clean energy insurance facility that specifically focuses on providing coverage for blue and green hydrogen projects worldwide. Blue hydrogen, derived from natural gas with carbon capture, and green hydrogen, produced through electrolysis powered by renewable energy, are the main targets of this initiative. The facility targets projects with up to $250m capital expenditure and aims to expedite the progress of clean hydrogen ventures. Sierra Signorelli, Zurich's commercial insurance chief executive, stressed the importance of insurance in enabling the net-zero transition, expressing optimism about clean hydrogen's role in the energy transition. The coverage offered includes a wide range of aspects such as construction, operational cover, business interruption, and even carbon capture technologies. Joseph Peiser, Aon's global chief executive of commercial risk, highlighted the challenges faced by developers in obtaining adequate insurance for hydrogen projects, underscoring the comprehensive coverage provided by this new solution to mitigate risks throughout the project life cycle.