Clarity fuels progress.
We believe the path to scaling clean energy starts with understanding.
What is GreenieRE?
GreenieRE is a reinsurance company dedicated to the clean energy transition. We leverage commercial financial products to alleviate risks that are holding back new energy infrastructure.
We believe insurance can be a force for good. Our backing can alleviate the energy crisis and contribute to lowering greenhouse gas emissions at the same time, while also helping to restore American energy independence and dominance.
Why is GreenieRE necessary?
The U.S. faces an electricity crisis: rising demand and limited supply mean higher costs for consumers and businesses, more blackouts, and delays in building critical manufacturing facilities and data centers. Americans need more clean, low-cost power as soon as possible. But a major hurdle for financing new energy projects is obtaining affordable and reliable insurance.
Many insurers are hesitant to cover these projects because they involve newer technologies without years of loss history. This leads to higher premiums, restrictive terms, and limited coverage options, all of which make it harder for developers to secure the funding they need.
GreenieRE helps bridge these gaps. We work alongside other insurance companies to ensure qualified clean energy projects obtain the financial backing needed to move forward.
Who is behind GreenieRE?
GreenieRE has grown from a vision shared by stakeholders across the green ecosystem, initially led by Energetic Capital, the Coalition for Green Capital, InnSure, and kWh Analytics. Our Board of Directors brings years of experience in insurance, finance, and clean energy to solving the challenges of insuring alternative energy projects. Meet our team here.
How is GreenieRe structured?
The GreenieRE Coalition is a licensed industry association captive, domiciled in Vermont.
Initial capitalization has been provided by the Coalition for Green Capital with an investment of Greenhouse Gas Reduction Fund proceeds.
How is GreenieRE set up for success?
As a new reinsurer, GreenieRE can use both sides of its balance sheet to ensure that our investments and mission are aligned on Day One. We do not have entrenched legacy businesses and investments that need to be unwound. And as a non-profit, we aren’t beholden to shareholders, so we can select good risks that might otherwise be overlooked. We are both mission-aligned and financially sustainable.
Equally important, we are motivated to spend time with challenging deals. Climate risks are tough, and we want to help the insurers and specialty underwriters that are already in the space.
I’m interested in working with GreenieRE – what are the next steps?
Reach out by submitting an inquiry! We want to hear from you about what's missing in the market. What are the gaps preventing new energy infrastructure from moving forward, and how can we work together to fill them? What are the risks being overlooked?