Renew Risk builds proprietary risk models and analytics for renewable energy assets, supplying (re)insurers, brokers, bankers, developers and asset managers with insights into physical hazards. Its models quantify risks from events such as hurricanes, earthquakes and severe connective storms affecting offshore wind farms and solar farms. The platform enables financial-market participants to make data-driven decisions, supporting more resilient and sustainable coverage and investments. Renew Risk has established itself as a trusted partner within the insurance industry, with a number of clients currently using the product. With the new £5 million funding, the company plans to scale by enhancing its risk-model suite, expanding its team of risk modellers and climate experts, and extending its market reach globally. Renew Risk is a London-based clean-energy risk analytics SaaS company that provides risk assessment solutions for (re)insurers, insurance brokers, and offshore wind developers. Led by CEO Ashima Gupta, its data-science-driven risk modelling software calculates the frequency and severity of financial losses due to natural disasters for billion-dollar renewable energy assets constructed offshore and in disaster-prone regions. The product enables (re)insurers to understand risk and confidently provide capacity, helping secure insurance and thereby facilitate financing for large offshore wind projects. Renew Risk already has models live with global (re)insurers supporting the transition to green energy. The company raised £1.7M in Seed funding and plans to use the proceeds to engage customers across the US and Asia and to build products covering additional asset classes.

Total raised

$9M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2025