kWh Analytics and Nextracker Collaborate to Cut Municipal Solar Insurance Deductible by 50 Percent Through Innovative Hail Stow Technology [Yahoo! Finance]
Nextpower Inc. - Class A (NXT)
Company Research
Source: Yahoo! Finance
SAN FRANCISCO, April 23, 2025 BUSINESS WIRE )--kWh Analytics, the market leader in Climate Insurance, today announced a successful collaboration with Nextracker , a global leader in advanced solar energy solutions, that resulted in a 50 percent reduction in severe convective storm deductible for a solar project in Arkansas. This partnership demonstrates how strategic technology implementation can significantly improve insurance terms while enhancing risk mitigation for renewable energy assets. The collaboration was initiated when traditional carriers became unwilling to cover a municipal solar developer's hail risk, a growing challenge for solar assets in severe weather regions. kWh Analytics, recognizing that the project employed Nextracker's solar tracking systems, developed an innovative insurance structure with comprehensive hail limits with low deductibles contingent on the implementation of Nextracker NX Horizon Hail Pro™ automated stow technology. "This collaboration with
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