USQRisk and Ascend Analytics Close Breakthrough Energy Storage Insurance Structure to Encourage Clean Energy Investment
NEW YORK, March 12, 2024 /PRNewswire-PRWeb/ -- USQRisk, LLC ("USQ"), the international managing general agent specializing in alternative risk transfer solutions, and Ascend Analytics, LLC ("Ascend"), an industry-leading energy software and consulting firm, announce the launch of an innovative solution to provide more efficient financing for utility-scale energy storage projects.
- "This new insurance offering creates greater opportunities for the clean energy industry to gain access to more efficient financing for utility-scale energy storage projects," said USQRisk President Michael Zipper.
- "Now, institutional investors have a more effective tool to demonstrate revenue certainty and reduce financing risk, thereby expanding the potential for the development of energy storage projects."
- By utilizing these platforms to provide benchmarking and projection data, USQ can structure, price, and tailor the revenue protection coverage to meet the unique needs of individual utility-scale energy storage projects.
- "With this innovative insurance solution, we are able to improve revenue stability across the entire lifecycle of our energy storage assets, and guard against negative energy price fluctuations."