New Energy Risk
Brad Price, P.E. is currently serving New Energy Risk as the Managing Director of Technical Due Diligence. He previously worked at Chevron Phillips Chemical Company, where he held various roles such as Process Engineer, Production Engineer, and Process Automation Engineer. Brad also has experience as a Process Engineering Intern at ConocoPhillips and a Water Quality Intern at the Colorado Department of Health. He obtained a BS in Chemical Engineering from the Colorado School of Mines and has a background in humanitarian engineering as well. Throughout his career, Brad has demonstrated expertise in process design, operations support, technical due diligence, automation, and project management.
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New Energy Risk
New Energy Risk offers performance insurance solutions that enable our clients to advance breakthrough technologies addressing global challenges. Together with our re/insurance allies, we transfer specific and carefully calibrated technology and financial risks to the insurance markets. This is the most effective way to ensure our clients get the financial and customer support they need to accelerate their innovations. To date, our clients have unlocked over $2 billion for the development of new and renewable clean energy technologies and other imperative projects. Our typical client lacks extensive long-term performance data at a commercial scale. A lack of data hinders revolutionary technologies from securing financing, going to market, and achieving mass customer adoption. Our proprietary, technoeconomic modeling assesses the uncertainty around technology performance and reliability—as well as the relevant economics—by outlining realistic outcomes of a project or technology. With our insurance solutions, our clients can: 1. Access Efficient Capital We design insurance solutions that ultimately mitigate risk for capital providers, which reduces the need for high-interest debt; with better financing terms for our clients, the overall cost of capital decreases and profits increase 2. Accelerate Time to Market We provide The Power of Certainty™ that deals will close, and close faster, when financiers and/or customers are supported by our performance insurance solutions 3. Achieve Commercial Scale We design insurance solutions that backstop technology warranties, even for first-of-a-kind projects, so that our clients can instead focus on commercialization and scaling their operations