kWh Analytics wins Celent Model Insurer Innovation Execution Award

Posted on by Nikky V

Company recognized for its use of enhanced modeling and industry collaboration to advance renewable energy resilience

SAN FRANCISCO, Calif., June 15, 2026 – kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, has been awarded the Model Insurer Award for Innovation Execution by Celent, a global research and advisory firm for the financial services industry. Now in its 20th year, the Celent Model Insurer Awards recognize excellence in technology usage within the insurance industry, celebrating innovative practices and outstanding results. Submissions are judged on three core criteria: demonstrable business benefits, degree of innovation, and technology or implementation excellence.

kWh Analytics was chosen as the recipient of this prestigious global award for its demonstrated results in advancing renewable energy resilience by spearheading industry collaboration and strengthening its data models to incorporate resilience factors. The company’s initiative to reward resilience is based on its belief that solar, wind, and battery projects that invest in design, development, and operations to actively reduce their assets’ exposure deserve to be recognized.

“Extreme weather events and demanding data centers are underscoring the need for a robust and resilient grid and making insurers’ role in enabling power supply growth more critical than ever,” said kWh Analytics CEO Jason Kaminsky. “We are honored to be recognized by Celent for our initiatives to encourage asset owners to prioritize risk management, which in turn strengthens sector stability and insurability and drives continued growth and innovation.”

kWh Analytics has been able to significantly enhance its ability to reward resiliency measures by taking a two-pronged approach: leading industry collaboration to promote renewable energy resilience and enhancing the company’s proprietary Renewable Energy Adjusted Loss (REAL) Model to account for physical resilience features that reduce the risk of natural catastrophe damage to renewable energy projects. This physics and loss base approach significantly improves risk differentiation, enabling the company to implement transparent pricing that rewards resilient design and operational practices.
Celent will feature kWh Analytics in a case study, further highlighting the company’s innovation execution. The case study will provide a detailed look at the company’s collaborative approach to enhancing its model using secondary modifiers, enabling it to offer the most accurate and effective insurance on the market.

The Celent Model Insurer Award for Innovation Execution marks the latest in a string of industry honors for kWh Analytics. In 2025, the company was awarded Sustainable Insurer of the Year and Climate Risk Transfer Deal of the Year by InsuranceERM, and named a finalist for Insurance Insider US Underwriting Innovation of the Year. In addition, kWh Analytics was awarded $500,000 from InnSure’s Insurance Innovation Prize supported by the New York State Energy Research and Development Authority (NYSERDA).

About kWh Analytics
Solar Energy Insurance Services, Inc., a kWh Analytics company, a leader in insuring the energy transition, underwrites property insurance and revenue firming products for renewable energy assets. Our proprietary database of 300,000+ zero-carbon projects and $150B in loss data supports advanced modeling, insights, and precise risk assessment for renewable energy, mixed energy, and low-carbon projects. This data-driven approach incorporates resiliency measures in risk evaluation, promoting sustainable practices in the energy sector.

Our tailored solutions further our mission to underwrite the Energy Transition. Trusted by 15 global reinsurers and recognized by Insurance ERM Climate and Sustainability Awards as Sustainable Insurer of the Year, kWh Analytics continues to pioneer in the renewable energy insurance sector.

Learn more at https://www.kwhanalytics.com/, or LinkedIn.

PODCAST: Which Solar Risks Actually Matter?

Posted on by Nikky V

Solar assets have been underperforming by 7–8%. That finding was controversial when kWh Analytics first published it. Then asset owners checked their own data, and the numbers matched. The industry is past debating the problem. Now the work is figuring out what to do about it.

In this episode of Suncast, kWh Analytics’ CEO, Jason Kaminsky, and Nico Johnson dig into what the 2026 Solar Risk Assessment reveals about performance, risk, and financial outcomes at scale, and what it will take to build the data infrastructure that supports better decision-making across the market.

Download the 2026 Solar Risk Assessment: https://kwhanalytics.com/industry-reports/2026-solar-risk-assessment/

kWh Analytics Reveals Top Risk Management Challenges for Renewable Energy Generation and Battery Energy Storage Systems

Posted on by Nikky V

Annual Solar Risk Assessment underscores critical importance of industry collaboration as grid dependence on renewables intensifies the need for resilience strategies

May 12, 2026

SAN FRANCISCO – kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today released its 8th annual Solar Risk Assessment (SRA), a comprehensive report designed to provide an objective, data-driven evaluation of renewable energy and battery energy storage systems (BESS) risk. The annual report includes contributions from academia, technology, financing, and insurance leaders in the solar and wind energy and BESS industries.

This year’s report arrives at an inflection point for the energy transition, as unprecedented demand drives increasing reliance on solar, wind, and storage. At the same time, renewable energy and battery storage systems face ongoing operational and safety concerns, heightened cybersecurity threats, and intensified climate impacts amid a volatile regulatory landscape. Overcoming these challenges to meet demand will require robust collaboration between asset owners, operators, financiers, insurers, brokers, and manufacturers.

“Delivering durable, reliable, affordable renewable energy infrastructure requires the honest, data-driven exchange this report is built on,” said kWh Analytics CEO, Jason Kaminsky. “The valuable research from this year’s SRA contributors reflects the rigorous thinking our industry needs to build robust infrastructure in a heightened risk environment. We are grateful for their meaningful collaboration.”

The 2026 SRA consists of 19 articles written by U.S. and global industry partners and provides an objective analysis of the top resilience, reliability, and emerging risks facing the renewable energy sector.

Key takeaways include:

  • While hail is still the most expensive type of insured loss, the industry is starting to turn its attention to fire risk. 84% of PV fire events are equipment-driven brushfires, not wildfires, meaning the risk originates within the plant itself.
  • We are identifying ever more nuanced operational risks, which are now measurable drags on revenue and useful life. Tracker twist, fungal soiling, junction box fires, and substantial anomalies are cropping up as unexpected yet impactful issues.
  • Financing and compliance terms are tightening. Only 38% of developers feel fully prepared for the new prohibited foreign entity (PFE) rules taking effect in 2026, and non-compliance with heightened regulatory standards can trigger penalties of $1M per day for renewable energy developers.

Findings in the 2026 SRA by category include:

Resilience

  1. It’s Not All About Stow: Hail-Hardened Modules Plus Robust Stow is Needed to Keep a 100MW Powerplant Below an Acceptable Loss Threshold for 13% of the US (kWh Analytics & Groundwork Renewables)
  2. IEC Standards Underrepresent Cyclical Loading Experienced During a Real-World Hurricane by 8x (GameChange Solar)
  3. 32% More U.S. Wind Turbines Hit by 4+ Lightning Strokes in 2025 (Vaisala Xweather)
  4. Big Losses, Limited View: Only 4% of PV Fire Loss Events Occur in High Wildfire Risk Areas, While 84% of Fire Events Are Due to Equipment-Driven Brushfire (kWh Analytics)
  5. Invisible Ignition Risk: 79% of High-Risk PV Connector Failures Show No Thermal Signature at Time of Inspection (Nextpower)
  6. 30% of Manufacturers Exhibit Junction Box Failures in PQP Testing, Raising Fire Risk Across PV Portfolios (Kiwa PVEL & Kiwa PI Berlin)

Reliability

  1. Choose Wisely: Assumed Useful Lives of 30 Years+ Make Project Financial Returns Increasingly Vulnerable to Module (kWh Analytics & DNV)
  2. The Propeller Effect: How Tracker Operational Twist Can Reduce Total Yield by Over 2% and Increase Module Failure Risk (Azimuth Advisory Services)
  3. Thermal Anomaly Data From Over 3,000 Assets Shows Degradation Accelerating After Year 7 (Above Surveying)
  4. Blown Away: Industry Standard Practice of Modeling With Hourly Wind Data Underpredicts Energy Losses, Due to Tracker Wind Stow, by Up to 4% (Array Technologies)
  5. Undersized Fuses Caused 15% Power Loss and Over $200k Annual Revenue Loss: A Case Study (Univers & Lightsoure bp)
  6. Inverter Shutdowns Drive 28% of Recoverable Solar Performance Risk: Insights From 6.5 GW of Global Assets (SmartHelio)
  7. In 2025, 34.2% of Substations Inspected > 1 Time Had a High Priority Anomaly (Raptor Maps)
  8. Widespread Fungal Soiling Causing 5% Loss in the Humid Subtropical U.S. Alone (Solar Unsoiled)
  9. Thermal Anomalies in BESS: 75% of Sites Show Early HVAC-Related Risk Signals (PowerUp)
  10. SOC Inaccuracies Can Cost BESS Operators More Than $1 Million per GWh Annually (ACCURE Battery Intelligence)

Emerging Risks

  1. New Prohibited Foreign Entity (PFE) Rules Take Effect in 2026. Only 38% of Developers Feel Fully Prepared (Crux)
  2. Valuation “Step-Up” Risk Is a Binding Constraint for Renewable Energy Tax Insurance: 75% of Underwriters Won’t Cover Above 25% (CAC)
  3. 1 Million Dollars a Day in FERC Penalties Can Be Avoided With Proper Cyber Security (Vaisala)

To access the complete 2026 Solar Risk Assessment, please visit kwhanalytics.com/industry-reports/2026-solar-risk-assessment/

 

About kWh Analytics

Solar Energy Insurance Services, Inc., a kWh Analytics company, a leader in insuring the energy transition, underwrites property insurance and revenue firming products for renewable energy assets. Our proprietary database of 300,000+ zero-carbon projects and $150B in loss data supports advanced modeling, insights, and precise risk assessment for renewable energy, mixed energy, and low-carbon projects. This data-driven approach incorporates resiliency measures in risk evaluation, promoting sustainable practices in the energy sector.

Our tailored solutions further our mission to underwrite the Energy Transition. Trusted by 15 global reinsurers and recognized by Insurance ERM Climate and Sustainability Awards as Sustainable Insurer of the Year, kWh Analytics continues to pioneer in the renewable energy insurance sector.

Learn more at https://www.kwhanalytics.com/, or on LinkedIn.

Media Contact

Nikky Venkataraman

Senior Marketing Manager

kWh Analytics

E | nikky.venkataraman@kwhanalytics.com

T | (720) 588-9361

kWh Analytics Launches Data Sharing Program to Reward Hail-Ready Solar Projects with Lower Insurance Costs

Posted on by Nikky V

Nextpower first to enable ground-breaking solar telematics program with NX Horizon® tracking systems equipped with advanced stow technology

 

SAN FRANCISCO, Calif., April 7, 2026 – kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today announced a data-sharing pilot program to reward renewable energy assets for extreme weather mitigation efforts. kWh Analytics is expanding its risk modeling capabilities by leveraging data from solar projects that employ advanced resilience measures beyond the information typically captured in standard insurance submissions.

The initial focus of the pilot is on improving how project-level resilience data is captured and relayed to insurance carriers. Advances in tracker technology, including 70+ degree stowing capabilities, automated stow procedures, and the growing availability of historical stow performance data, create new opportunities to give insurers clearer visibility into how assets are designed and operated ahead of severe weather events.

Modeling these resilient configurations yield substantial reductions in portfolio-level average annual losses and insurance premiums compared to baseline assumptions and stow protocols. Projects that incorporate additional risk mitigation measures, including thicker, heat-tempered module glass, reduce loss profiles further.

For solar developer owners enrolled in the collaborative telematics program, tracking systems leader Nextpower will share real-time and historical hail stow performance data, enabling a more dynamic and evidence-based view of project risk. By integrating this operational data into its proprietary risk modeling platform, kWh Analytics can better evaluate how system design and operational readiness affect expected losses. This approach mirrors the use of telematics in the auto insurance industry, where driving behavior data is shared with carriers to better align premiums with actual risk.

“Extreme weather continues to be a significant driver of loss for utility-scale solar, and the industry is rapidly advancing how those risks are managed,” said Jason Kaminsky, CEO of kWh Analytics. “By incorporating real-world data, including stow performance from Nextpower tracking systems, we can tie insurance structures more closely to demonstrated resiliency, encouraging investments that protect assets and strengthen the long-term bankability of solar projects.”

“We’re excited to partner with kWh Analytics on this ground-breaking program that will bring greater transparency and precision to how solar asset risk is evaluated,” said Jyoti Jain, head of software product management at Nextpower. “By allowing customers to share verified stow performance data from our NX Horizon® trackers with Hail Pro™ technology, we’re enabling a shift from modeled assumptions to real-world evidence. This level of insight allows insurers to reward projects that are truly engineered and operated for long-term resilience.”

In the kWh Analytics Solar Risk Assessment 2024, Longroad Energy and Nextpower published a case study showing that proactive stowing at 75 degrees would have reduced the damage probability of an actual 2022 event by 87%, compared to stowing at 60 degrees.

The new framework recognizes the growing role of advanced solar tracker systems and site design strategies in strengthening projects against severe weather risks, including high winds, hail, and flooding. As extreme weather events become more frequent across the U.S., this approach is designed to better align insurance pricing with the engineering, technology, and operational choices that materially reduce loss potential and enhance long-term asset durability.

kWh Analytics expects additional technologies and operational practices to qualify for premium differentiation over time as data quality, verification, and modeling continue to advance. The company plans to expand this framework through continued collaboration with industry leaders. As kWh Analytics facilitates the communication of real-time resilience information to the insurance industry, it often sees other insurance companies follow suit.

 

About kWh Analytics

Solar Energy Insurance Services, Inc., a kWh Analytics company, a leader in insuring the energy transition, underwrites property insurance and revenue firming products for renewable energy assets. Our proprietary database of 300,000+ zero-carbon projects and $150B in loss data supports advanced modeling, insights, and precise risk assessment for renewable energy, mixed energy, and low-carbon projects. This data-driven approach incorporates resiliency measures in risk evaluation, promoting sustainable practices in the energy sector.

Our tailored solutions further our mission to underwrite the Energy Transition. Trusted by 15 global reinsurers and recognized by Insurance ERM Climate and Sustainability Awards as Sustainable Insurer of the Year, kWh Analytics continues to pioneer in the renewable energy insurance sector.

Learn more at https://www.kwhanalytics.com/, or LinkedIn.

 

About Nextpower (formerly Nextracker)

Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. Learn more at www.nextpower.com.

 

Media Contacts

Nikky Venkataraman

Senior Marketing Manager

kWh Analytics

E | nikky.venkataraman@kwhanalytics.com

T | (720) 588-9361

 

Brandy Lee

Nextpower

Media@nextpower.com

Beazley builds out transition underwriting capability with acquisition of kWh Analytics

Posted on by Nikky V

Beazley, the leading specialty insurer, has reached agreement to acquire kWh Analytics, a US renewable energy MGA.

Beazley believes that the global energy transition is a significant strategic growth opportunity and is focused on underwriting the complex risks that will enable the transition. kWh Analytics will add scalability and enhance Beazley’s capabilities in modelling, underwriting and risk management across renewable energy portfolios.

kWh Analytics will be embedded into Beazley’s MAP (Marine, Accident & Political) Risks team. Jason Kaminsky, CEO, will report directly to Tim Turner, Group Head of MAP Risks and be a key part of the transition underwriting strategy which is led by Kelly Malynn.

Adrian Cox, CEO of Beazley, said:

“The energy transition represents one of the most significant opportunities for the specialty insurance market. At Beazley, we see transition underwriting as a dynamic, long‑term driver of structural growth, with investment in the energy transition projected to reach multiple trillions in the next decade.

“kWh Analytics’ reputation as an innovative player in the renewable energy space is well established, and this acquisition reflects our continued investment in the capabilities needed to support our transition clients with solutions to complex risk. I’m excited to work with the fantastic team at kWh Analytics.”

Jason Kaminsky, CEO of kWh Analytics, said:

“Joining Beazley represents an exciting new chapter for kWh Analytics. Together, we will accelerate the development of risk products and services that support the energy transition. Beazley’s global reach and commitment to innovation make them the right partner to scale our mission.”

Evercore Partners International LLP acted as sole financial adviser and Freshfields Bruckhaus Deringer LLP served as legal adviser to Beazley. McDermott Will & Schulte LLP acted as legal adviser to kWh Analytics.

 

Press Contact

Hannah Stewart, Corporate Media Relations Manager

Hannah.stewart@Beazley.com

About Beazley

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America, Bermuda and Asia. Beazley manages six Lloyd’s syndicates and, in 2025, underwrote gross premiums worldwide of $6,100.7million. All Lloyd’s syndicates are rated A+ by A.M. Best.

Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states and its subsidiary, Beazley America Insurance Company, Inc. In the surplus lines market, coverage is provided by Beazley Excess and Surplus Insurance, Inc.

Beazley’s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley’s Bermuda entity, Beazley Bermuda Insurance Limited, is A rated by A.M. Best and regulated by the Bermuda Monetary Authority.

Beazley is a market leader in many of its chosen lines, which include Directors & Officers, Financial Lines, Cyber, Property, Marine and Aviation, Reinsurance, Accident and Life, and Political Risks and Contingency business.

For more information, please go to: www.beazley.com

About kWh Analytics

kWh Analytics and its insurance subsidiary, Solar Energy Insurance Services, Inc., combine proprietary data with advanced analytics to deliver insurance and risk management solutions tailored to clean energy assets. Its performance database spans more than 300,000 renewable energy assets and over $150 billion in loss data, representing one of the most comprehensive datasets in the sector. This depth of insight enables accurate, technology-driven risk modelling and the development of more effective solutions for insurers, investors and asset owners.

VIDEO: The Energy Behind Data Center Growth

Posted on by Nikky V

Jason Kaminsky, CEO of kWh Analytics, speaks with Vanessa Witte, Senior Manager of Market Intelligence at Rowan Digital Infrastructure, about the growing intersection of energy and data center development. Their discussion spans power availability, speed to power, the role of battery storage, onsite generation trends, and the policy and regional dynamics shaping where and how data centers get built.

The conversation continues at the Solarplaza Asset Management North America conference in April in San Diego.

Use this code during registration: AMNA26KWH20

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