Empowering Clean Energy: Zurich and Aon Launch Global Insurance Facility for Blue and Green Hydrogen Projects
Key Ideas
  • Zurich and Aon have collaborated to introduce a clean energy insurance facility supporting blue and green hydrogen projects up to USD 250 million in capital expenditures globally.
  • The initiative offers comprehensive coverage, including carbon capture technologies and solutions across the hydrogen production value chain, aiming to accelerate the development of clean energy projects.
  • The facility, oversubscribed by insurers, provides a single integrated policy covering construction, operational risks, CCUS technologies, and more, facilitating the de-risking and insurance needs of hydrogen projects.
  • Leaders from Zurich and Aon emphasize the importance of insurance in enabling the net-zero transition and view clean hydrogen as a vital eco-friendly alternative with significant potential in the energy transition.
Zurich Insurance Group and Aon have jointly launched a global clean energy insurance facility tailored specifically for blue and green hydrogen projects. The initiative, with Zurich as the lead insurer and Aon as the exclusive broker, aims to provide comprehensive coverage for projects with capital expenditures of up to USD 250 million. By offering a single integrated policy, the facility covers various aspects of hydrogen projects, including construction, delay in start-up, operational risks, business interruption, and marine cargo limits. It also addresses the complexities of carbon capture, utilization, and storage (CCUS) technologies, ensuring that customers have a complete suite of solutions along the hydrogen production value chain. The oversubscription by participating insurers indicates strong market interest and confidence in this innovative insurance solution. Both Zurich and Aon executives highlight the pivotal role of insurance in supporting the net-zero transition by mitigating risks and providing expertise. They express optimism about clean hydrogen's potential as a sustainable alternative to traditional fuels and emphasize the importance of collaborations like this initiative in driving the energy transition forward.
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.