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Menlo Park, California, United States
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New Energy Risk (NER) is a leading provider of technology performance insurance, enabling the successful deployment of innovative energy transition and circular economy projects. By offering customized insurance solutions, NER helps technology developers, project sponsors, and investors mitigate financial risks and secure better financing terms. Since its inception in 2013, the company has supported over $4.2 billion in clean capital investments, reducing carbon emissions and advancing sustainable initiatives. Their services include investment tax credit insurance, performance insurance for lenders, and equity protection, ensuring financial stability for stakeholders. As a division of Paragon Insurance Holdings, NER partners with investment-grade reinsurers to provide flexible and tailored risk management solutions. Through its expertise, NER plays a crucial role in accelerating clean technology adoption, reducing environmental impact, and fostering financial confidence in emerging energy innovations. Their mission is to bridge the gap between breakthrough technologies and scalable market adoption.
Tom Hutton
Chairman
Operating since 2010
10 Members
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