New Energy Risk, a division of Paragon Insurance Holdings, has announced a partnership with Topsoe, a leading carbon emission reduction technology company, to support the global deployment of sustainable hydrogen technology. As the preferred insurance supplier for Topsoe’s hydrogen electrolyzer business, NER's role is to enhance project bankability and financing certainty for customers worldwide. Topsoe's electrolyzers, known for their proprietary technology, aim to produce sustainable hydrogen for industries such as transportation, manufacturing, and energy storage. The partnership between NER and Topsoe marks a significant step in accelerating the delivery of green hydrogen projects. NER's insurance services include detailed technical reviews of Topsoe’s electrolyzer technology, ensuring performance coverage for commissioning, ramp-up, and operations. This support acts as a de-risking tool, increasing the bankability of projects involving Topsoe's SOEC electrolyzers. New Energy Risk's CEO, Tom Dickson, and Topsoe's Managing Director for Technical Due Diligence, Brad Price, both express confidence in the partnership, highlighting the potential of hydrogen as a replacement for hydrocarbon feedstocks. Sundus Cordelia Ramli, CCO Power-to-X at Topsoe, underscores the importance of the insurance coverage in supporting customers and investors, further validating the confidence in Topsoe's technology. Overall, the collaboration between NER and Topsoe showcases a positive outlook on the advancement of sustainable energy solutions in various industries.