Climate Risk Partners (CRP) has announced its integration into Climate Commodities (CC), coinciding with the launch of a credit enhancement product line.
According to the announcement, CRP will now rebrand as Climate Commodities Risk Solutions (CCRS), in tandem with the release of the proprietary offtake, feedstock, and counterparty credit enhancement product line.
CCRS has developed considerable proprietary capabilities that will be deployed through the Climate Commodities Platform to offer turnkey feedstock, offtake, and general counterparty credit enhancement solutions across all major sub-sectors of the climate economy.
This will include: critical minerals and materials, solar, energy storage, waste upcycling, hydrogen, carbon capture, alternative fuels, sustainable agriculture, and the circular economy.
Nicholaus Rohleder, co-founder of Climate Commodities, said: “CCRS’ proprietary counterparty credit enhancement product development pipeline is exceptionally well-positioned to scale within the Climate Commodities Platform, allowing it to offer its customers holistic credit enhancement solutions to de-risk their revenue contracts to attract traditional and non-dilutive capital at an earlier stage.”
CCRS’ solution is set to include critical minerals and materials, solar, energy storage, waste upcycling, hydrogen, carbon capture, alternative fuels, sustainable agriculture, and the circular economy.
it has also been confirmed that Cody Edgeworth, a seasoned specialty risk insurance executive who has transacted in excess of $1 billion in the Lloyd’s of London specialist insurance market, will lead the rollout of CCRS product line, serving as CEO.
In addition, Edgeworth will be supported by CCRS Chairman, Aaron Ratner, Co-Founder of Climate Risk Partners, a veteran climate technology investor who has invested in and developed climate infrastructure projects.
Commenting on the announcement, Ratner said: “The capital intensity of the global energy transition will require trillions of dollars of credit, and that will require more innovative insurance solutions. This deal, and the opportunity to operate on the Climate Commodities platform, will be catalytic for CCRS’ growth.”
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