New Energy Risk (NER) has teamed up with Topsoe to advance the deployment of hydrogen electrolyzer technology. NER, a specialist managing general underwriter under Paragon Insurance Group, will act as the preferred insurance provider for Topsoe's electrolyzer business. By offering technology performance insurance products, NER aims to facilitate cost-effective financing and enhance the bankability of projects utilizing Topsoe's electrolyzer technology. This collaboration comes after NER conducted thorough technical due diligence on Topsoe's electrolyzer technology, simplifying underwriting processes and improving project timelines. Topsoe's solid oxide electrolyzer technology leverages its extensive experience in electrolysis to produce sustainable hydrogen for applications such as transportation, manufacturing, energy storage, and industrial processes. The partnership signifies a significant milestone in accelerating the delivery of green hydrogen projects, providing a strong de-risking tool that supports customers and investors by increasing project bankability.