kWh Analytics
kWh Analytics is a renewable energy–focused specialty insurance MGA offering performance, property, and warranty products for solar, wind, and storage projects, serving developers and lenders via a panel of 11–15 global reinsurers.
- Company typePrivate
- Founded2012
- HeadquartersBeaverton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What kWh Analytics does
kWh Analytics is a specialty insurance Managing General Agent (MGA) focused exclusively on renewable energy, founded in 2012 and headquartered in the San Francisco Bay Area with additional presence in Beaverton, Oregon. The company designs and distributes insurance and risk-transfer products for utility-scale and commercial solar, wind, energy storage, and other zero-carbon projects, serving developers, project owners, and the lenders that finance them. Its product suite spans performance insurance — including the Solar Revenue Put® and Wind Proxy Hedge — physical-damage property insurance, warranty insurance under the kWhote® brand, and the Heliostats data intelligence platform.
Underpinning the underwriting is a proprietary data and modeling stack: a curated database covering 300,000+ zero-carbon projects and $100B–$150B in industry loss data, the REAL risk model, and structured risk-transfer designs such as the Indifference Structure. The company accesses capital through a panel of 11–15 global reinsurance carriers and channels products via major insurance brokers; as of March 2026 it operates as a wholly owned subsidiary of Beazley, a Lloyd's specialty insurer, following acquisition. Revenue mechanics are insurance-driven: kWh Analytics earns commissions and fees on premiums written and placed through its reinsurance panel, with non-dilutive capital from sources such as the U.S. Department of Energy supplementing product R&D. The company has disclosed roughly $25M in cumulative equity funding, including a $20M Series B led by Lacuna in February 2022.
kWh Analytics firmographics
Firmographics- Name
- kWh Analytics
- Legal name
- kWh Analytics, Inc.
- Website
- https://kwhanalytics.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- kWh Analytics is a renewable energy–focused specialty insurance MGA offering performance, property, and warranty products for solar, wind, and storage projects, serving developers and lenders via a panel of 11–15 global reinsurers.
- Ownership category
- akta.pro rank
kWh Analytics industry classification
Industry- Product category
- Specialty Renewable Energy Insurance
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industries
- Grid Analytics, Forecasting & Decision Support (Load/DER/Outage) (EUADAEAI), Warranty, Service Contracts & OEM Relationship Management (Claims, SLAs, Performance Guarantees) (EUAMAGAO)
Keywords
Where kWh Analytics is headquartered
LocationHeadquarters
- HQ city
- Beaverton
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
kWh Analytics business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Property Insurance (Delegated Authority MGA): Property insurance for utility-scale solar, BESS, wind, and minority renewable asset classes underwritten by Solar Energy Insurance Services (subsidiary) with delegated authority from carrier panel led by Aspen Specialty. Up to $100M per project location following 2026 expansion. Construction and operational risk coverage. Excess Natural Catastrophe coverage of up to $20M added in 2025 for severe convective storms and named windstorms in non-coastal regions. Earns MGA commissions and brokerage fees.
- Performance Insurance - Solar Revenue Put & Wind Proxy Hedge: Project finance-linked performance insurance products. Upfront premium paid by sponsor; counterparty (e.g., Munich Re) pays claims on revenue shortfall triggers. Calibrates debt sizing (e.g., 20% more debt for Greenbacker 59MW Maine project). Premium-based revenue.
- Data Intelligence Services (Heliostats): Risk management platform providing data parsing, integration, analytics, and performance benchmarking. Supports solar investors deploying more capital. Subscriptions/data licensing.
- Tax Credit Insurance: New product line under development (from late 2024) targeted at smaller tax credits that have historically been uneconomic to insure, with $500K funding from InnSure Insurance Innovation Prize supported by NYSERDA.
- Insurance Premiums (Carrier Risk Transfer): Premium pass-through on property and performance policies placed with capacity partners (Aspen, Lloyd's, Munich Re, Swiss Re, Everest, Fortegra, Ant). Premiums collected from asset owners, retroceded to carrier panel per delegated authority.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Annual | Quote-based property insurance with resilience-weighted pricing |
| Outcome Based/ Performance | Multi-year contract | Parametric Wind Proxy Hedge - upfront premium |
| Outcome Based/ Performance | Multi-year contract | Solar Revenue Put - upfront premium with project-tenor coverage |
Go-to-market motion5 records
Distribution channels2 records
Marketing channels8 records
kWh Analytics product offering
Product offeringCore offering
kWh Analytics is a specialist Managing General Agent (MGA) that underwrites property and performance insurance for utility-scale solar, wind, and battery energy storage assets. It leverages a proprietary database of 300,000+ renewable energy projects and $100B–$150B in loss data, combined with the Heliostats data intelligence platform and the REAL (Renewable Energy Adjusted Loss) model, to deliver resilience-based pricing, parametric performance products (Solar Revenue Put, Wind Proxy Hedge), and broker-led placement with delegated authority.
Product overview
kWh Analytics operates a multi-product insurance and data analytics portfolio for the renewable energy industry rather than a single unified product. Heliostats is the underlying data intelligence platform that powers risk analytics across the insurance offerings. The core insurance products comprise Property Insurance (including the Microcracking Endorsement and Excess Natural Catastrophe add-on coverages) and Performance Insurance, which is delivered through two financial sub-products: the Solar Revenue Put and the Wind Proxy Hedge. Alongside these, SolarScape (with Brokerscape) is a separate marketplace platform connecting brokers with solar asset owners and lenders, while Tax Credit Insurance is a new product line currently in development.
Differentiator
Problem solved
Functional benefit
Brands
- Solar Revenue Put: Registered trademark; tailored asset performance/revenue firming solution that minimizes downside sponsor risk and protects solar revenues.
- Wind Proxy Hedge
- Heliostats
- SolarScape
- REAL Model (Renewable Energy Adjusted Loss Model)
Products and services
- Property Insurance All-risk physical damage insurance for utility-scale solar, wind, and battery energy storage systems, underwritten by Solar Energy Insurance Services (subsidiary) with delegated authority up to $100M per project location through Aspen Specialty. Designed for utility-scale renewable asset owners, developers, and brokers.
- Solar Revenue Put Performance insurance product that puts a floor on solar project revenues by hedging against production shortfalls versus forecast, enabling tax credit recapture coverage and improved debt sizing for utility-scale solar sponsors and lenders.
- Wind Proxy Hedge Parametric insurance product that compensates for wind resource shortfalls when measured wind speed at a proxy location drops below a predetermined threshold. Pairs with the kWh Analytics Indifference Structure to calibrate P99 debt sizing for utility-scale wind project sponsors and lenders.
- Heliostats Data Intelligence Platform Industry risk management platform providing data parsing, integration, analytics, and performance benchmarking to enable solar investors to deploy more capital more intelligently. Powers kWh Analytics' underwriting pipeline for property and performance insurance products.
- SolarScape / Brokerscape Market view tool cataloguing active renewable energy property insurance brokers (Brokerscape) and asset owners/lenders to help match projects with brokers and surface data on the renewable insurance market.
Quantifiable outcome
- 72% natural catastrophe insurance rate reduction for resilient utility-scale solar developer in high-hail zone
- +8 more outcomes
Companies that use kWh Analytics
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles5 records
kWh Analytics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature7 records
kWh Analytics partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered flagship, core and minor.
- Nextpower (formerly Nextracker, Nasdaq: NXT)flagshipFirst OEM partner in kWh Analytics' April 2026 hail-ready data sharing program. Nextpower's NX Horizon® trackers with Hail Pro™ technology share real-time and historical hail stow performance data, enabling kWh Analytics' telematics-driven underwriting (mirroring auto-insurance telematics). Joint 2024 case study with Longroad Energy published in 2024 Solar Risk Assessment.
- Beazley GroupflagshipAcquirer: Beazley (LSE: BEZ, $10B UK-based specialty insurer) acquired kWh Analytics in March 2026 and embedded it into Beazley's Marine, Accident & Political (MAP) Risks team. kWh Analytics' CEO reports directly to Beazley's Group Head of MAP Risks. Transaction strengthens Beazley's modeling, underwriting, and risk management for renewable energy portfolios. Beazley itself subject to a ~$10.9B all-cash offer from Zurich Insurance Group.
- Aspen Specialty InsuranceflagshipLead capacity partner since the January 2023 launch of kWh Analytics' property insurance for renewable energy. Renewed and expanded agreement in February 2026, increasing delegated authority to up to $100M per project location for construction and operational risks across solar, BESS, and minority asset classes. Joint 2023 InsuranceERM Climate and Sustainability Collaboration of the Year award winner.
- InnSure (with NYSERDA)core$500,000 InnSure Insurance Innovation Prize supported by New York State Energy Research and Development Authority (NYSERDA) awarded January 2025 to develop innovative tax credit insurance for renewable energy projects.
- U.S. Department of Energy (Solar Energy Technologies Office - SETO)flagship$2.4M MORE PV (Materials, Operation, and Recycling of Photovoltaics) Funding Program partnership announced September 2024 to develop innovative approaches to solar PV resilience, focusing on introducing asset resilience measures against natural catastrophes earlier in the asset development lifecycle. Phase 2 go-decision received November 2024. Earlier U.S. DOE award supported development of long-term production forecasting models underlying Solar Revenue Put.
- Munich ReflagshipReinsurance partner for kWh Analytics' Wind Proxy Hedge product. Co-developed the first-of-its-kind parametric Wind Proxy Hedge structured with kWh Analytics' Indifference Structure, closed July 2024 for Greenbacker's 59MW Maine wind project, enabling ~20% more debt than otherwise possible. Reinsurance counterparty on subsequent transactions.
- Pivot EnergycorePartnership announced March 2023 for unique insurance solution amid rising solar costs; featured in kWh Analytics blog for solar cost management.
- Lloyd's of London SyndicatescoreNew capacity partner introduced in 2024-2025 to expand U.S. renewable insurance market capacity. Lloyd's article on BESS risk published in 2024 Solar Risk Assessment. Surplus lines policies written by Lloyd's market.
- Ant InsuranceminorCapacity partner (logo displayed under 'Trusted globally' section of kWh Analytics website).
- Swiss ReminorCapacity partner (logo displayed under 'Trusted globally' section of kWh Analytics website).
- Everest ReminorCapacity partner (logo displayed under 'Trusted globally' section of kWh Analytics website).
- FortegraminorCapacity partner (logo displayed under 'Trusted globally' section of kWh Analytics website).
- Longroad EnergycoreCo-authored hail stow case study with Nextpower published in kWh Analytics' 2024 Solar Risk Assessment showing 87% damage probability reduction from 75-degree vs 60-degree proactive stow in 2022 hail event. Active in SolarScape network.
- GroundWork RenewablescoreContributor to 2024 and 2026 Solar Risk Assessments; co-authored 'Hail-hardened Modules Plus Robust Stow' analysis with Nicole Thompson of kWh Analytics evaluating 100MW single-axis tracker configurations across the U.S. CEO Ann Will appointed to Sandia Solar Industry Advisory Board.
- DNVcoreContributor to 2026 Solar Risk Assessment; co-authored 'Assumed Useful Lives of 30 years+' analysis with Veronica Anderson and Michael Kalnas of kWh Analytics on module life assumptions and project financial return vulnerability.
- GameChange SolarminorContributor to 2026 Solar Risk Assessment (logo displayed among 19 industry contributors).
- Vaisala / XweatherminorContributor to 2026 Solar Risk Assessment (logo displayed among 19 industry contributors).
- ACCURE Battery IntelligenceminorContributor to 2025 and 2026 Solar Risk Assessments; provided analysis on LFP battery SOC estimation errors for grid-scale energy storage.
- Raptor MapsminorContributor to 2026 Solar Risk Assessment (logo displayed among 19 industry contributors).
- Lightsource bpminorContributor to 2026 Solar Risk Assessment (logo displayed among 19 industry contributors).
- Amazon Web Services (AWS)coreCloud infrastructure provider for kWh Analytics (per Privacy Policy, data stored in AWS data centers in USA). Cookie Policy references AWSELB load balancer cookies.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
kWh Analytics competitors and assessment
Company assessmentDirect peers
- Arbol: Arbol is a climate risk management platform that offers parametric insurance products for weather-related risks. Both Arbol and kWh Analytics provide data-driven, parametric-style insurance products that bridge climate/weather data with insurance underwriting in specialty markets.
- Descartes Underwriting: Descartes Underwriting is a specialty MGA focused on parametric insurance for natural catastrophe risks including severe weather events. It is comparable to kWh Analytics in using proprietary data and parametric structures to address climate-driven property and performance risk in specialized asset classes.
Broad incumbents
- Aon Renewable Energy Practice: Aon is a global insurance broker with a substantial renewable energy practice. As a SolarScape Brokerscape partner, Aon places renewable energy risks through kWh Analytics and competing capacity, making it both a distribution channel and a partial competitor for broker-led renewable energy placements.
- Munich Re Renewable Energy: Munich Re is a global reinsurer that co-developed the Wind Proxy Hedge with kWh Analytics and reinsures the Solar Revenue Put. As a capacity partner with visibility into kWh Analytics' structures, Munich Re could replicate parametric renewable energy products independently, making it a strategic incumbent peer.
- Palomar Holdings: Palomar Holdings is a specialty insurance company that provides property and casualty insurance for niche markets. While not renewable-energy-specific, Palomar operates as a specialty insurer/MGA in underserved segments similar to kWh Analytics' specialist MGA model.
Emerging players
- Raptor Maps: Raptor Maps provides drone-based solar asset analytics and is a contributor to kWh Analytics' 2026 Solar Risk Assessment. It overlaps with Heliostats in providing data intelligence and benchmarking for solar investors, though focused more on operations and inspection than on insurance.
- Heliogen: Heliogen is a renewable energy technology company with namesake confusion but no direct business overlap. Included only as an industry-adjacent renewable energy data and asset performance peer for context.
- ACCURE Battery Intelligence: ACCURE provides battery analytics and safety monitoring for grid-scale energy storage. As a contributor to kWh Analytics' 2025 and 2026 Solar Risk Assessments, ACCURE complements kWh Analytics' BESS insurance offerings with operational battery data intelligence.
- GroundWork Renewables: GroundWork Renewables provides solar PV engineering and asset management services. As a recurring contributor to kWh Analytics' Solar Risk Assessments, GroundWork overlaps with kWh Analytics in solar asset risk analysis and data benchmarking.
Others
- Beazley Group: Beazley plc is a UK-listed specialty insurer that acquired kWh Analytics in March 2026. As the parent, Beazley is the channel through which kWh Analytics accesses global specialty distribution; broader Beazley lines (marine, political risk, cyber) provide a structural peer for cross-line specialty insurance strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
kWh Analytics social profiles
Digital presencekWh Analytics compliance and trust
Trust signalCompliance1 record
kWh Analytics financial estimates
Financial estimateRevenue estimate
Valuation estimate
kWh Analytics leadership team
Management profileNumber of profiles
Profiles7 records
kWh Analytics subsidiaries and ownership
Company hierarchySubsidiaries1 record
kWh Analytics funding detail
Funding detailFunding overview
Funding rounds10 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
kWh Analytics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about kWh Analytics
What does kWh Analytics do?
kWh Analytics is a specialist Managing General Agent (MGA) that underwrites property and performance insurance for utility-scale solar, wind, and battery energy storage assets. It leverages a proprietary database of 300,000+ renewable energy projects and $100B–$150B in loss data, combined with the Heliostats data intelligence platform and the REAL (Renewable Energy Adjusted Loss) model, to deliver resilience-based pricing, parametric performance products (Solar Revenue Put, Wind Proxy Hedge), and broker-led placement with delegated authority.
Is kWh Analytics a public or private company?
kWh Analytics is a private company. It is classified as corporate owned and is currently acquired.
When was kWh Analytics founded?
kWh Analytics was founded in 2012. It employs 11 to 50 people.
Where is kWh Analytics based?
kWh Analytics is headquartered in Beaverton, United States, in the North America region.
How does kWh Analytics make money?
Five revenue lines are on record. Property Insurance (Delegated Authority MGA) is the primary driver. The others are performance Insurance - Solar Revenue Put & Wind Proxy Hedge, data Intelligence Services (Heliostats), tax Credit Insurance and insurance Premiums (Carrier Risk Transfer).
Who are kWh Analytics's main competitors?
Direct peers on record are Arbol and Descartes Underwriting. Broad incumbents are Aon Renewable Energy Practice, Munich Re Renewable Energy and Palomar Holdings. Emerging players are Raptor Maps, Heliogen, ACCURE Battery Intelligence and GroundWork Renewables. Beazley Group is listed as an others.
Does kWh Analytics have an API?
No public API is recorded for kWh Analytics.
What industry is kWh Analytics in?
kWh Analytics's product category is Specialty Renewable Energy Insurance. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of EUADAEAI, Grid Analytics, Forecasting & Decision Support (Load/DER/Outage).