New Energy Risk (NER) has been selected as Topsoe’s insurance partner for its solid oxide electrolysis (SOEC) products to “enhance bankability and enable a lower cost of capital.”
H2 View understands that the deal with NER will support the Danish firm in de-risking their development and customers’ green hydrogen and power-to-X projects that will utilise Topsoe’s SOEC technology, such as First Ammonia.
Furthermore, the deal could improve the rollout timelines of green hydrogen projects to deliver on the growing global demand. The contract will cover technical issues leading to temporary or permanent performance drop where coverage is provided to support cash flow and project revenue.
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