Renew Risk, a London-based company specializing in risk modeling and analytics for renewable energy, has raised £5M to enhance their offerings. The funding, led by Molten Ventures and backed by Lloyd's, aims to improve proprietary models that assess physical risks like severe weather. This support will enable Renew Risk to strengthen its team and expand its presence globally. The company aims to empower stakeholders with better decision-making tools to navigate disaster risks associated with wind and solar energy projects, ensuring a more resilient energy transition.
Renewable assets need effective risk modeling for appropriate financing and insurance to support the acceleration of energy transition.
Investments in risk modeling will enhance data-driven decision-making for resilient and sustainable renewable energy investments.
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