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kWh Analytics has raised $25.5M across 3 funding rounds.
Key people at kWh Analytics.
kWh Analytics has raised $25.5M in total across 3 funding rounds.
kWh Analytics offers specialized climate insurance products tailored for the renewable energy industry. The company underwrites property insurance and revenue firming solutions specifically designed for renewable energy assets. Their methodology is underpinned by a comprehensive proprietary database encompassing hundreds of thousands of zero-carbon projects and billions in loss data, enabling highly precise risk modeling and underwriting analytics.
Richard Matsui founded kWh Analytics in 2012. His initial insight stemmed from the observation that traditional insurance markets lacked the specialized data and models required to accurately assess and manage risks associated with nascent renewable energy projects. Matsui, whose background supported a data-centric approach, established the company to address this critical gap, aiming to de-risk investment in solar and other clean energy infrastructure.
Project developers, asset owners, and financiers within the renewable energy sector utilize kWh Analytics' offerings to secure their investments and mitigate operational risks. The company’s long-term vision is to significantly accelerate the global transition to sustainable energy by providing robust and innovative financial instruments that enhance the insurability and attractiveness of renewable energy assets to the broader investment community.
kWh Analytics is a climate insurance company specializing in data-driven risk assessment and insurance products tailored for the renewable energy sector, primarily solar, wind, and battery storage projects. Their flagship offerings include property insurance and revenue firming products designed to protect renewable energy investments and reduce financial risk for project developers and financiers. Leveraging a proprietary database of over 300,000 zero-carbon projects and $100 billion in loss data, kWh Analytics uses AI-enabled underwriting to provide precise risk evaluation and promote resilient, sustainable renewable energy infrastructure. The company has insured over $50 billion in assets and is trusted by many of the top global (re)insurance carriers, positioning itself as a key enabler of capital flow into clean energy markets[1][2][3][5].
Founded in 2012 and based in Beaverton, Oregon, kWh Analytics began as a data risk management company focused on renewable energy project finance. Its founders and early team members brought backgrounds in project finance and insurance, recognizing insurance as a critical enabler for infrastructure capital in renewables. The company evolved from providing data insights to underwriting specialized insurance products, responding to market contractions after natural catastrophe losses around 2019. This shift allowed kWh Analytics to fill a gap in insurance capacity for renewable energy assets, helping developers raise capital and manage risks more effectively[1][4].
kWh Analytics rides the accelerating global trend toward renewable energy adoption and the urgent need for climate risk mitigation. As renewable projects face increasing exposure to extreme weather and financial uncertainties, kWh Analytics’ data-driven insurance solutions reduce investment risk and unlock capital flows critical for scaling clean energy infrastructure. Their timing is crucial as markets demand more resilient and financeable renewable assets amid tightening insurance capacity post-catastrophes. By standardizing risk assessment and underwriting, kWh Analytics influences the broader ecosystem by enabling more sustainable project finance and encouraging industry-wide adoption of resilience best practices[1][4][5].
Looking ahead, kWh Analytics is poised to expand its product suite, notably with the upcoming launch of tax credit insurance for small-scale distributed generation projects, which will address a significant financing barrier in the clean energy transition. Continued innovation in AI-driven underwriting and resilience-focused insurance will likely deepen their influence in renewable energy finance. As climate risks intensify and renewable deployment accelerates, kWh Analytics’ role as a bridge between capital markets and sustainable infrastructure will grow, shaping how the industry manages risk and scales clean energy solutions globally[2][5].
Key people at kWh Analytics.
kWh Analytics has raised $25.5M in total across 3 funding rounds.
kWh Analytics's investors include Lacuna Sustainable Investments, Anthemis Group, 9Yards Capital, Outrun Ventures, PROfounders Capital.
kWh Analytics has raised $25.5M across 3 funding rounds. Most recently, it raised $500K Other Equity in January 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 15, 2025 | $500K Other Equity | ||
| Feb 8, 2022 | $20.0M Series B | Lacuna Sustainable Investments | |
| Sep 1, 2016 | $5.0M Series A | Anthemis Group | 9Yards Capital, Outrun Ventures, PROfounders Capital |
