Capital Infusion to Accelerate REsurety’s information and risk management toolkits
A $16 million capital infusion is set to fuel REsurety’s market intelligence, asset insight and risk management tools for clean energy sellers, buyers, investors, and advisors.
Climate solutions investment firm Hannon Armstrong provided a majority of the Series B raise, joining existing investors including Launch Capital and a predecessor fund to Clean Energy Ventures (CEV).
Hannon Armstrong’s executive vice president, chief risk officer and co-head of portfolio management Richard Santoroski will take a seat on REsurety’s board of directors.
Today, Hannon Armstrong uses the full array of REsurety’s product and service toolkit including its risk transfer, market analytics, carbon impact and advisory services to gain insight into their sustainable infrastructure investments. Hannon Armstrong is also working with REsurety as a private beta customer of REsurety’s soon-to-be-launched project tracking and forecasting tool.
“REsurety delivers on its promise of best-in-class information products and risk transfer services. We’ve forged a strong relationship with the team and have confidently made this unique investment to help accelerate the expansion of REsurety’s toolkit – both for our own benefit as a client as well as for the benefit of other clean energy industry leaders,” said Santoroski.
Of note is REsurety’s recently launched Locational Marginal Emissions (LME) tool, which measures and maximises carbon emissions impact and which Hannon Armstrong plans to use to inform its CarbonCount metric. Santoroski said: “REsurety’s LME data allows us to utilise precision that previously did not exist in the marketplace.”
Lee Taylor, REsurety’s founder and CEO added: “This investment will allow REsurety to accelerate our team growth by 50 percent as we deliver on our vision to build the analytics engine for the clean energy-fuelled future. We found a great partner in Hannon Armstrong and look forward to continued collaborative success.”
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