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GCube Insurance
http://www.gcube-insurance.com/Last activity: 27.02.2023
Probably Closed - Reference to TMGX: Home
GCube Insurance is a specialist provider of insurance services for utility-scale renewable energy projects around the globe. They have over 25 years of experience in the renewable energy sector, which makes them understand the unique exposures and risks of developing and operating these power generation projects. They are the leading provider of insurance services for renewable energy projects in wind, solar, wave, hydro and tidal around the globe. Their specialized focus and robust underwriting authority make them stand out among their competitors. They have paid over $500M in claims, 95% of which within 30 days of Proof of Loss being signed. They have insured over 100GW assets worldwide and covered 40 territories.
Overview
Location
United States, California, Newport Beach
Employees
51-200
Total raised
$95M
Founded date
1987
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 3
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 2, 2019 | Solar insurance needs to “reset benchmark” with higher loss expectancy | There are many layers of risk mitigation in the solar industry. Solar modules have hardware and production warranties (with 50-year lifetimes being sought by some), inverters have their own 10-25 year guarantees, batteries are getting banka... |
| Electrek green energy brief: RMI saves 40% on community solar, Japan going wind, India building transmission, more | Rocky Mountain Institute expands Community Solar across the country – The article is a good read because it gives guidelines on how to get better pricing for community solar projects. The main drivers – get a competitive RFP versus a single... |
Reviews 0
FAQ about GCube Insurance
When was GCube Insurance founded?
GCube Insurance was founded in 1987.
How much funding has GCube Insurance raised?
GCube Insurance has raised $95M in total across 1 funding round.
What has the press written about GCube Insurance?
Parsers VC has collected 3 articles mentioning GCube Insurance, among them “Solar insurance needs to “reset benchmark” with higher loss expectancy” (Apr 2, 2019) and “Electrek green energy brief: RMI saves 40% on community solar, Japan going wind, India building transmission, more”.
Is GCube Insurance still active?
GCube Insurance is probably closed: its latest activity on Parsers VC dates from Feb 27, 2023.