New Energy Risk partners with Topsoe

New Energy Risk , a wholly owned division of Paragon Insurance Holdings , has entered into a partnership with Topsoe, a carbon emission reduction technology company.

NER will serve as the preferred insurance supplier for Topsoe’s hydrogen electrolyzer business.

This partnership helps Topsoe deploy its hydrogen electrolyzer technology globally by making financing easier for customers. NER’s insurance supports project bankability, backed by detailed technical reviews of Topsoe’s electrolyzer. The streamlined process speeds up insurance and improves financing certainty.

Topsoe’s electrolyzers use proprietary technology to produce sustainable hydrogen for industries like transportation, manufacturing, and energy storage.

“We recognize the potential of the hydrogen market to replace essential hydrocarbon feedstocks and are grateful that Topsoe, a company with over 80 years of excellence in the process industries, has entrusted NER to add value to its offering and support customer adoption.” – New Energy Risk’s CEO, Tom Dickson.

“Topsoe’s vast experience in chemical processing is evident in its solid oxide electrolyzer technology. NER has completed extensive technical due diligence and is proud to offer a world-class performance insurance product in support of this technology.” – Brad Price, Managing Director for Technical Due Diligence at New Energy Risk.

“Our partnership with NER is an important milestone to accelerate the delivery of our customers’ green hydrogen projects and is testimonial to the confidence in our technology. As the insurance provides performance coverage for commissioning, ramp-up and operations, it’s a strong de-risking tool supporting customers and investors with increased bankability for projects that involve our SOEC electrolyzers.” – Sundus Cordelia Ramli, CCO Power-to-X at Topsoe.