Insurance is there to take risks that equity or debt can't or won't take. Often an overlooked form of financing, Insurance is somewhat of a backbone in a lot of arenas of life and can play the same role in Geothermal. It helps de-risk Geothermal development drilling, decreases the cost of capital, limits downsides for equity or debt investors and ultimately increases access to more capital. As Julian Richardson with Parhelion Underwriting put it, we are here to take on the low probability/high impact risks so that geothermal development can advance globally.
Parhelion Underwriting
https://www.linkedin.com/company/parhelion-underwriting-ltd/
Julian Richardson
https://www.linkedin.com/in/julian-richardson-parhelion/
Julian's book recommendation
The Gold Finch by Donna Tartt
JRG Energy
GRC
https://grc2022.mygeoenergynow.org/
CORE Knowledge
https://www.linkedin.com/company/core-geothermal/
Nick Cestari