As renewable energy becomes a cornerstone of the global transition to cleaner sources, the industry faces a critical challenge: resilience in the face of increasingly severe weather events.
In this rapidly changing environment, renewable energy projects like solar and wind farms are facing unexpected risks, and insurance is stepping up as a vital player in securing their future. Jason Kaminsky, CEO of kWh Analytics, details how the renewable energy is moving toward building for resilience. With property damage from severe weather on the rise, renewable developers are being forced to rethink their strategies. The “lowest cost provider” approach is giving way to a new era of resilience-focused design. Insurance has become a central factor in ensuring these projects’ financial viability.
The team at kWh Analytics combines powerful data models, advanced technology, and a fresh perspective on insurance. They use data-driven insights to help developers build assets that withstand natural catastrophes, collaborating with banks, the Department of Energy, and even leveraging parametric insurance to cover production risks.
As Jason explains, insurance is a tool for long-term sustainability in the renewable energy boom. In this episode, we dig into why insurance matters more than ever in clean energy and how companies like kWh are leading the charge in rethinking what it takes to secure a resilient, renewable future.