Insuring Australia's first green hydrogen facility
As the world’s energy supply shifts towards renewable sources, Liberty Specialty Markets is supporting the transition.
In Australia, we’re the lead underwriter for the first operational green hydrogen facility built by Australian Gas Networks in South Australia which came online in May 2021. The Hydrogen Park South Australia project is revolutionary, supplying local households and commercial ventures. This facility is helping South Australia meet their target for net-zero emissions by 2050.
For our energy underwriters, getting to understand the form and function of the new technology components is critical to understanding the risks involved. As new renewable energy sources move into implementation, projects need to partner with an insurer with the flexibility and strong technical training to understand the risks of new technologies and help drive the project move forward.
Liberty Specialty Markets plays a role in many different renewable energy projects in Australia – solar photovoltaic, onshore wind, pumped hydro storage, and hybrid plants that blend these technologies together. Our insurance solutions cover the design, transportation (marine), construction, operation and liability of these projects, and also extend to other specialist lines including surety bonds, environmental impairment liability cover for site contamination and parametric weather index solutions that operators can utilise to ensure protection should weather conditions interfere with operations.