New Energy Risk, a division of Paragon Insurance Group, has partnered with Topsoe, a leader in carbon emission reduction technologies, to provide insurance solutions for Topsoe's hydrogen electrolyzer business. This partnership aims to support the global deployment of Topsoe's electrolyzer technology by offering cost-effective financing through NER's technology performance insurance products. NER conducted detailed technical due diligence on Topsoe's technology, simplifying the underwriting process and increasing financing certainty for eligible projects. Topsoe's solid oxide electrolyzer technology, which converts water into sustainable hydrogen, is expected to be utilized across various sectors including transportation, manufacturing, and energy storage. The CEOs of New Energy Risk and Topsoe expressed confidence in the partnership, highlighting the potential of hydrogen to replace traditional hydrocarbon feedstocks. NER's CEO, Tom Dickson, emphasized the value NER brings to Topsoe's offering, while Brad Price, Managing Director at NER, praised Topsoe's expertise in chemical processing. Sundus Cordelia Ramli, CCO Power-to-X at Topsoe, noted the importance of the insurance coverage in de-risking projects and enhancing their bankability. This collaboration signifies a significant step in supporting the green hydrogen market with innovative technology and financial solutions. The partnership aims to accelerate the adoption of Topsoe's electrolyzer technology by providing performance coverage for commissioning, ramp-up, and operations, ultimately benefiting customers and investors involved in green hydrogen projects.