Zurich Insurance Group and Aon have collaborated to launch a new clean energy insurance facility focused on supporting blue and green hydrogen projects with capital expenditures of up to $250 million. Acting as the lead insurer and exclusive broker respectively, Zurich and Aon aim to facilitate the development of clean hydrogen projects as part of Zurich's broader commitment to the net-zero transition. Insurance plays a vital role in enabling the energy transition by providing protection and risk expertise, with clean hydrogen positioned as a key player in reducing carbon emissions. Sierra Signorelli, CEO of commercial insurance at Zurich, emphasized the significance of this initiative in promoting clean hydrogen and its potential in carbon emission reduction. By catering to the specific needs and challenges of blue and green hydrogen projects, this new solution offers comprehensive coverage throughout the project life cycle, addressing complex risks associated with hydrogen production. Joseph Peiser, global CEO of commercial risk at Aon, acknowledged the difficulties faced by developers and capital providers in securing adequate insurance for global hydrogen projects. The new insurance facility provides a comprehensive suite of solutions, including coverage for carbon capture, utilization, and storage technologies, reflecting the industry's readiness to embrace sustainable alternatives. The facility's integrated policy covers various aspects such as construction, operational risks, business interruption, and third-party liability, meeting the unique requirements of hydrogen projects. With strong interest from insurers surpassing expectations, the initiative demonstrates the market's appetite for sustainable solutions and the insurance sector's willingness to embrace new risks in the clean energy landscape.