Up to $300 mln cover for construction, start-up phasesLONDON, Aug 22 - Broker Marsh, a unit of Marsh & McLennan
U.S. politicians earlier this month backed a $430 billion spending package that included support for a range of renewable energy sources such as hydrogen.Projects involving the highly flammable gas have often found it harder to find cover, partly because of the complexity and risks involved in production, transportation and storage, and as new and emerging technologies are generally considered riskier.
"Marsh's facility is an important development for the insurance industry that will help enable the acceleration of the global energy transition to renewables," said Andrew George, Global Head, Energy & Power, Marsh Specialty.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: