kWh Analytics Expands Insurance Solutions with Excess Natural Catastrophe Coverage

kWh Analytics, the leading provider of climate insurance solutions, has announced the expansion of its insurance offerings with a new Excess Natural Catastrophe coverage through its licensed insurance entity, Solar Energy Insurance Services, Inc. This new coverage addresses the growing need for severe convective storm protection in the renewable energy market, complementing kWh Analytics' existing property capacity, which provides 100% operational and construction coverage for solar, wind, and battery energy storage assets. The Excess Natural Catastrophe layer will provide up to $20M in additional capacity specifically covering damage from severe convective storms and named windstorms in non-coastal regions.

The new coverage is designed to reward resilience in renewable energy projects, evaluating protective measures such as hail stow capabilities, reinforced module characteristics, and proper O&M protocols. Projects that demonstrate robust hail defense strategies through the Hail Stow and Risk Evaluation tool, developed in collaboration with VDE Americas, can secure more favorable terms, even in the excess layer. According to Jason Kaminsky, CEO of kWh Analytics, hail accounts for 73% of total solar industry losses by damage amount, highlighting the critical market gap that this new offering addresses.

Key Takeaways:

• kWh Analytics has expanded its insurance solutions with Excess Natural Catastrophe coverage through its licensed insurance entity, Solar Energy Insurance Services, Inc.
• The new coverage provides up to $20M in additional capacity for severe convective storms and named windstorms in non-coastal regions.
• The Excess Natural Catastrophe layer evaluates resilience factors in renewable energy projects, rewarding protective measures such as hail stow capabilities, reinforced module characteristics, and proper O&M protocols.
• Projects that demonstrate robust hail defense strategies through the Hail Stow and Risk Evaluation tool can secure more favorable terms, even in the excess layer.
• kWh Analytics' existing property capacity covers 100% operational and construction risks for solar, wind, and battery energy storage assets.
• The company's underwriting process rewards resilience at every level of coverage, requesting asset owners and sponsors to provide details of their hardening strategies.

Statistics:

• 73% of total solar industry losses by damage amount are attributed to hail (Source: kWh Analytics).
• Up to $20M in additional capacity is provided by the Excess Natural Catastrophe layer.
• The Excess Natural Catastrophe coverage evaluates the same resilience factors considered in primary coverage.
• The Hail Stow and Risk Evaluation tool examines critical factors such as panel specifications, tracker stow angles, forecasting systems, and testing protocols.

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