New Energy Risk (NER), a specialist in technology performance insurance with over a decade of experience underwriting complex technology projects, has announced its inaugural tax credit insurance transaction. This achievement was made possible through a partnership with the Tax Insurance brokerage group at Alliant Insurance Services (Alliant), binding the first tax credit insurance policy to support a utility-scale solar project in Texas. This facility is designed to provide clean electricity capacity for a large data center, contributing to the growing number of renewable energy projects aimed at meeting the increasing power demands of U.
S. data centers and fulfilling corporate clean-energy objectives.
George Schulz, CEO of NER, stated, “We are extremely pleased to announce our first participation in a tax credit insurance transaction. This success reflects months of dedicated effort and a logical extension of NER’s capabilities in supporting the clean energy industry.” Schulz also expressed appreciation for Alliant’s leadership and NER’s insurance partners for their support in delivering innovative, large-scale performance insurance solutions for breakthrough technologies.
Dan Schoenberg, Executive Vice President of Alliant Mergers & Acquisitions, commented, “Alliant is pleased to welcome NER into the tax insurance market and extends our sincere appreciation for the valuable support they provided to both our firm and our client.” He added, “We look forward to strengthening our collaboration with NER and their insurance partners in the years ahead.”
NER plans to enhance capacity in the tax credit insurance market by integrating its expertise in tax and technology underwriting. This approach will allow the company to offer comprehensive insurance solutions that address technology-related risk elements within tax credit transactions, particularly those involving Section 45 and Section 48 credits. Tax credits have historically been fundamental to clean energy development. The Inflation Reduction Act of 2022 significantly expanded their role by enabling credit transferability and broadening the capital pool for renewable energy projects, thereby increasing the demand for insurance to support these transactions. In 2025, the One Big Beautiful Bill Act introduced extensive changes but maintained tax credits as a mechanism for financing critical infrastructure, albeit with revised timelines for certain renewable energy projects.
Kevin Broich, Executive Underwriter for Tax at NER, noted, “With the passage of the One Big Beautiful Bill Act, as well as subsequent IRS guidance, administrative uncertainty surrounding the transition tax credit landscape has eased. In the coming years, tax credits will remain available to finance a wide range of clean energy solutions, including emerging technologies.” Broich further explained, “NER is building a platform to support the rapidly expanding demand for insurance and the need to demonstrate and scale innovative technology solutions.”
This transaction reinforces NER’s position as a trusted partner for clean energy developers and financiers, showcasing its ability to merge technology performance expertise with innovative risk-transfer solutions. By applying its underwriting platform to the tax credit market, NER aims to advance its mission of enabling investment in breakthrough technologies and accelerating the clean energy transition.
