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Technology Wraps
Coverage that pays out if the asset fails to meet defined performance specifications — output, efficiency, availability — for the duration of the financing.
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First-of-a-kind technology is the financing wall every climate infrastructure sponsor hits. Edge designs technology performance insurance — wrapped underwriting from rated carriers — that converts unproven performance into transferred, modeled, bankable exposure.
FOAK financing is broken in a specific way. The technology works. The unit economics make sense. The market wants the product. But because no commercial-scale plant has run for 10 years, lenders treat the project as venture risk — and price it accordingly, or pass entirely.
The capital that should fund the energy transition sits on the sidelines because conventional underwriting cannot accept what amounts to engineering risk.
A Technology Performance Insurance policy, designed and placed by Edge through rated carriers, contractually transfers the consequence of underperformance away from the lender — and onto a balance sheet built to absorb it.
Coverage that pays out if the asset fails to meet defined performance specifications — output, efficiency, availability — for the duration of the financing.
Insurance products that establish minimum project revenues, addressing offtake risk in projects with merchant exposure or developing market dynamics.
Asset value protection at end of debt term, supporting refinancing assumptions and lender LTV thresholds for novel asset classes.
Coverage addressing the credit quality of project offtakers, EPC contractors, and feedstock suppliers — particularly valuable in emerging supply chains.
We identify every material risk lenders cite as a financing barrier — performance, revenue, counterparty, regulatory.
Bespoke insurance coverages designed and submitted to A-rated carriers for binding underwriting.
Insurance terms integrated into the credit agreement and rating analysis — risk now sits with the carrier.
Project closes on terms that previously couldn't clear underwriting. Sponsor preserves equity.
Deals that previously stalled at credit committee close successfully — often on better terms than originally targeted.
Lenders accept higher leverage when risk is documented and transferred. Less equity required for the same project.
Insurance enhancement enables NRSRO investment-grade ratings — opening institutional placement options.
Pre-packaged risk transfer dramatically compresses lender diligence timelines.
Reduced perceived risk drives down the all-in cost of debt — typical reductions of 100–200 bps.
The wrap structure can be replicated across project portfolios — supporting platform-level financing.