Zurich Insurance Group and Aon have introduced a new clean energy insurance facility to cater to blue and green hydrogen projects with capital expenditures up to $250 million. Zurich leads as the insurer, while Aon serves as the exclusive broker. This initiative aligns with Zurich's commitment to the net-zero transition by supporting clean hydrogen projects and offering protection and risk expertise. Clean hydrogen is recognized as a vital alternative to fossil fuels in the energy transition. Sierra Signorelli, CEO of commercial insurance at Zurich, emphasized the importance of clean hydrogen in reducing carbon emissions. The facility provides a comprehensive policy that includes various coverages like construction, operational risks, business interruption, and technologies such as carbon capture, utilization, and storage. Joseph Peiser, global CEO of commercial risk at Aon, highlighted the challenges faced by developers and capital providers in securing insurance for global hydrogen projects and how this new solution addresses their unique needs. The initiative has garnered significant interest from insurers, surpassing expectations and showcasing the industry's willingness to embrace sustainable solutions and cover emerging risks.