Capital Infusion to Accelerate REsurety’s Information and Risk Management Toolkits for the Clean Energy Industry

Rhea-AI Summary

Hannon Armstrong is leading a $16 million Series B funding round for REsurety, enhancing its market intelligence and risk management tools in the clean energy sector. Hannon Armstrong contributed significantly to this investment and will gain a board seat. The funding aims to grow REsurety's team by 50% and leverage its new Locational Marginal Emissions (LME) tool, enhancing carbon impact analytics. This collaboration reflects Hannon Armstrong's commitment to utilizing REsurety’s innovative offerings for its sustainable infrastructure investments.

Positive

• Hannon Armstrong leads a successful $16 million Series B funding for REsurety, reflecting confidence in clean energy analytics.
• Funding will allow REsurety to grow its team by 50%, enhancing capacity for product and service delivery.
• The collaboration will utilize REsurety's Locational Marginal Emissions tool for improved carbon impact analysis.

Negative

• None.

 Climate solutions investment firm Hannon Armstrong leads $16 million Series B raise 

BOSTON--(BUSINESS WIRE)-- A $16 million capital infusion will fuel the growing breadth of REsurety’s market intelligence, asset insight and risk management tools for clean energy sellers, buyers, investors, and advisors.

Lee Taylor, founder and CEO of REsurety (Photo: Business Wire)

Climate solutions investment firm Hannon Armstrong (NYSE: HASI) provided a majority of the Series B raise, joining existing investors including Launch Capital and a predecessor fund to Clean Energy Ventures (CEV). Hannon Armstrong’s Executive Vice President, Chief Risk Officer and Co-Head of Portfolio Management Richard Santoroski will take a seat on REsurety’s Board of Directors.

Today, Hannon Armstrong uses the full array of REsurety’s product and service toolkit including its risk transfer, market analytics, carbon impact and advisory services to gain insight into their sustainable infrastructure investments. Hannon Armstrong is also working with REsurety as a private beta customer of REsurety’s soon-to-be-launched project tracking and forecasting tool.

“REsurety delivers on its promise of best-in-class information products and risk transfer services. We’ve forged a strong relationship with the team and have confidently made this unique investment to help accelerate the expansion of REsurety’s toolkit – both for our own benefit as a client as well as for the benefit of other clean energy industry leaders,” said Santoroski.

Of note is REsurety’s recently launched Locational Marginal Emissions (LME) tool, which measures and maximizes carbon emissions impact and which Hannon Armstrong plans to use to inform its CarbonCount® metric. Santoroski said, “REsurety’s LME data allows us to utilize precision that previously did not exist in the marketplace.”

“This investment will allow REsurety to accelerate our team growth by 50% as we deliver on our vision to build the analytics engine for the clean energy-fueled future,” said Lee Taylor, REsurety’s founder and CEO. “We found a great partner in Hannon Armstrong and look forward to continued collaborative success.”

For more information about how your company can benefit from REsurety’s products and services, please contact Tara Bartley, Vice President for Marketing, at tbartley@resurety.com.

About REsurety

REsurety is the leading analytics company empowering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable the industry’s decision makers to thrive through best-in-class value and risk intelligence, and the tools to act on it. For more information, visit www.resurety.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005076/en/

Peter Kelley, peter@renewcomm.com

+1-202-270-8831

Source: REsurety

FAQ

What is the significance of Hannon Armstrong's $16 million investment in REsurety?

The investment supports REsurety's expansion of market intelligence and risk management tools crucial for the clean energy sector.

How will Hannon Armstrong's funding impact REsurety's operations?

The funding will enable REsurety to increase its workforce by 50%, enhancing its analytics capabilities.

What is the Locational Marginal Emissions tool developed by REsurety?

The LME tool measures carbon emissions impact and supports better decision-making in clean energy projects.

Who will represent Hannon Armstrong on REsurety's Board of Directors?

Richard Santoroski, Hannon Armstrong's Executive Vice President and Chief Risk Officer, will join the board.