Zurich Insurance Group and Aon have unveiled a new clean energy insurance facility tailored for blue and green hydrogen projects with capital expenditures up to $250 million. Zurich leads as the insurer, with Aon as the exclusive broker, in a move to bolster the development of clean hydrogen initiatives and advance the net-zero transition. The initiative underscores the critical role of insurance in supporting the energy transition by managing risks and offering expertise. Clean hydrogen, identified as a promising substitute for traditional fuels, is poised to play a crucial role in the global energy transition. Sierra Signorelli, CEO of commercial insurance at Zurich, emphasized the significance of this collaboration with Aon, recognizing clean hydrogen's potential in reducing carbon emissions. Joseph Peiser, global CEO of commercial risk at Aon, highlighted the challenges faced by developers and capital providers in securing adequate insurance for hydrogen projects worldwide. The innovative insurance facility offers a comprehensive policy covering various risks associated with hydrogen projects throughout their lifecycle, including CCUS technologies. The initiative has garnered significant interest from insurers, surpassing initial expectations and indicating a market demand for sustainable solutions. This initiative not only showcases the industry's commitment to supporting clean energy projects but also demonstrates a proactive approach towards managing risks in the evolving landscape of renewable energy.