New Energy Risk, a division of Paragon Insurance Group, has partnered with global leader Topsoe to provide insurance solutions for hydrogen electrolyzer projects. This collaboration aims to facilitate cost-effective financing for Topsoe's customers by enhancing project bankability through NER's technology performance insurance products. Topsoe's solid oxide electrolyzer technology, powered by its extensive experience in electrolysis, is set to revolutionize the generation of sustainable hydrogen for transportation, manufacturing, and energy purposes. The completion of technical due diligence by NER on Topsoe's technology ensures efficient underwriting, placement of performance insurance, and improved project timelines. Topsoe's CCO emphasizes the importance of this partnership in boosting the delivery of green hydrogen projects, highlighting the insurance's role in de-risking and increasing bankability for projects involving their electrolyzers. This positive sentiment is echoed by New Energy Risk's CEO and Topsoe's Managing Director, acknowledging the confidence in Topsoe's innovative technology and the essential role of insurance in supporting green energy initiatives. Through this partnership, the industry is moving towards a more sustainable future with increased support for technology-driven decarbonization efforts.