Zurich Insurance Group and Aon PLC Launch New Insurance Facility for Clean Hydrogen Projects
Key Ideas
  • Zurich Insurance Group and Aon PLC collaborate to provide insurance support for clean hydrogen projects globally.
  • The new insurance facility offers comprehensive coverage for both blue and green hydrogen projects with expenditures of up to $250 million.
  • This initiative aims to encourage and safeguard investments in the clean hydrogen sector by mitigating risks associated with such projects.
Zurich Insurance Group and Aon PLC have jointly launched a new insurance facility to bolster clean hydrogen projects worldwide. The facility is designed to offer extensive insurance coverage for both blue and green hydrogen initiatives, specifically catering to projects with capital expenditures reaching $250 million. This partnership between Zurich and Aon aims to support the clean energy transition by providing risk mitigation solutions for investors and developers in the hydrogen sector. By covering a wide range of risks associated with hydrogen projects, such as technological failures, supply chain disruptions, and natural disasters, the insurance facility seeks to instill confidence and attract more investments in the clean hydrogen industry. The collaboration between these two major insurance companies signals a commitment to sustainability and decarbonization efforts, aligning with the global push towards cleaner energy sources. Overall, this initiative signifies a positive step towards driving the adoption and growth of clean hydrogen projects on a global scale.
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