Renew Risk offers science‑driven catastrophe modelling and risk analytics exclusively for renewable energy infrastructure, providing site‑specific loss estimates, repair and reinstatement cost calculations, and business interruption scenarios. Its cloud‑based platform and Industry Exposure Database cover every offshore wind farm worldwide through 2032, delivering detailed hazard assessments for insurers, developers, and financiers to better price and manage risk.
Funding
$6.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
1OFounders
Product
Problem
Renewable energy assets face increasing uncertainty from natural catastrophes, climate‑induced hazards, and engineering failures, while traditional risk models rely on historical claims data that do not capture the specific vulnerabilities of modern wind, solar and interconnector projects.
Solution
Renew Risk provides science‑driven risk modelling and analytics tailored exclusively to renewable energy infrastructure. Their proprietary catastrophe models incorporate site‑specific calibrations such as wave height, wind speed, soil type and asset age, delivering loss estimates that include repair and reinstatement costs. The company also offers bespoke risk engineering reports and an Industry Exposure Database covering every offshore wind farm worldwide through 2032. By delivering detailed natural, climate‑induced and human‑induced hazard assessments, Renew Risk enables insurers, developers and financiers to quantify, price and manage risk more accurately, supporting the financial planning and resilience of renewable projects.
Target Audience
Primary customers are insurers, reinsurers, brokers, renewable project developers, and financiers who need detailed risk quantification and pricing for wind, solar and interconnector assets.
Features
- Dedicated catastrophe models built specifically for renewable assets, validated by leading insurers and brokers
- Vulnerability calculations that factor per‑asset repair, reinstatement costs and design/material specifics
- Site‑calibrated inputs (e.g., wave height, wind speed) and modifiers for foundations, substations, cables, and soil conditions
- Bespoke risk engineering reports covering natural, climate‑induced and human‑induced hazards for onshore/offshore wind, solar farms and interconnectors
- Industry Exposure Database providing comprehensive data on all offshore wind farms (existing and planned) up to 2032
- Cloud‑based analytics platform delivering scenario loss estimates and business interruption costs for individual assets or portfolios