kWh Analytics offers data‑driven insurance and revenue‑firming solutions for renewable energy projects, leveraging AI‑enabled underwriting assessments and a proprietary database. The company underwrites property insurance and revenue stability products for solar and storage assets and has attracted top‑tier insurance capacity. Its data assets include a database of more than 300,000 zero‑carbon projects and $100 billion in loss data, which it uses to inform precise underwriting decisions. kWh reports having insured over $30 billion in assets to date and is trusted by five of the top ten global (re)insurance carriers. The company is developing a tax credit insurance product to serve small distributed generation projects and expects to launch it within 18 months. That product aims to streamline due diligence and enable projects under 20 MW to monetize transferable IRA tax credits. kWh Analytics uses a proprietary database of over 300,000 operating renewable energy assets to underwrite insurance for zero‑carbon projects. Its first product, the Solar Revenue Put, now protects over $3 billion of solar power plants and has delivered a best-in-class loss ratio. The company recently launched a Property Product that provides all-risk coverage against physical damage for solar, storage, and wind projects. kWh leverages real-world performance data to innovate underwriting and pricing for renewable assets and collaborates with global re/insurers, including Swiss Re. With new funding, the company plans to develop additional solutions to support solar, wind, and storage asset owners and investors and to expand these offerings into new international markets. kWh Analytics is funded by venture capital and the U.S. Department of Energy and has announced a $20 million capital raise to support its expansion. kWh Analytics offers HelioStats, a risk management tool for the solar industry, and has launched PowerLock, a financial product designed to address mispricing of risk for solar. The company is led by CEO and founder Richard Matsui. It raised $5M in a Series A funding round to support growth. kWh Analytics intends to use the funds specifically to scale PowerLock. Yann Ranchere of Anthemis joined the company’s board alongside Larry Ng and D. Van Skilling. The company is based in San Francisco, CA.

Total raised

$26M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2025