Climate Risk Partners Merges Into Climate Commodities
Climate Risk Partners ("CRP") has announced it will rebrand as Climate Commodities Risk Solutions ("CCRS") and merge into the Climate Commodities ("CC") , a global commodity merchant with operating companies in physical trading, mineral processing and refining, transportation and logistics, renewable power, and financial services. CCRS will focus on turnkey feedstock, offtake, and general counterparty credit enhancement solutions across all major sub-sectors of the climate economy including critical minerals and materials, solar, energy storage, waste upcycling, hydrogen, carbon capture, alternative fuels, sustainable agriculture, and the circular economy.
"CCRS' proprietary counterparty credit enhancement product development pipeline is exceptionally well-positioned to scale within the Climate Commodities Platform, allowing it to offer its customers holistic credit enhancement solutions to de-risk their revenue contracts to attract traditional and non-dilutive capital at an earlier stage", said Nicholaus Rohleder, Co-Founder of Climate Commodities and co-chief investment officer of private investment firm New American Energy, and board member of the Earth Institute and Climate School at Columbia University.
"The capital intensity of the global energy transition will require trillions of dollars of credit, and that will require more innovative insurance solutions. This deal, and the opportunity to operate on the Climate Commodities platform, will be catalytic for CCRS' growth", said Aaron Ratner, Co-Founder of Climate Risk Partners and Climate Commodities Platform board member.
CCRS will be led by Houston, TX based CEO Cody Edgeworth, an insurance executive who previously transacted in excess of $1 billion in the Lloyd's of London specialist insurance market.