Zurich and Aon Launch Innovative Clean Energy Insurance Facility for Hydrogen Projects
Key Ideas
  • Zurich and Aon have collaboratively introduced a new clean energy insurance facility for blue and green hydrogen projects globally.
  • The facility covers various aspects of hydrogen project development, from construction to operational cover and third-party liability, promoting risk mitigation.
  • This initiative has garnered significant interest from insurers, reflecting the industry's recognition of the growing importance of clean hydrogen in the energy transition.
  • The CEOs of both Zurich and Aon emphasize the crucial role of insurance in supporting the development and de-risking of hydrogen projects for a sustainable energy future.
Zurich and Aon have partnered to launch a groundbreaking clean energy insurance facility aimed at accelerating the development of blue and green hydrogen projects worldwide. This initiative, led by Zurich as the primary insurer and Aon as the exclusive broker, provides comprehensive coverage for projects worth up to $250 million. By offering a single integrated policy covering construction, operational risks, business interruption, and more, the facility addresses the unique challenges faced by hydrogen projects. The oversubscription of the facility indicates a strong market demand for such risk-mitigating solutions. Both companies recognize the pivotal role of clean hydrogen in the energy transition and view insurance as a key enabler to facilitate investment and mitigate risks. The CEOs of Zurich and Aon emphasize the importance of this initiative in de-risking global hydrogen projects and supporting developers and capital providers in securing adequate insurance coverage throughout the project life cycle. This collaborative effort marks a significant step towards promoting sustainable energy solutions and fostering the growth of the hydrogen industry.
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