Renew Risk Description
We offer a software platform that empowers our clients to evaluate risks and deliver tailored insurance and financing solutions for renewable energy projects. Leading the charge in offshore wind, our Renew Risk software is quickly being adapted to accommodate new asset classes as the industry experiences technological advancements. Our SaaS solution provides users with in-depth insights into risk through advanced, innovative, and patented modeling techniques. Offshore wind represents one of the most promising and rapidly expanding avenues for renewable energy globally. Nevertheless, assets in this sector are also vulnerable to severe weather events and natural disasters. We are convinced that enhancing risk analytics and modeling software is essential for the sustainable growth of renewable energy, thereby benefiting developers, insurers, and financial backers alike. As the demand for renewable energy continues to rise, our solutions will play a crucial role in navigating the complexities of risk management in this dynamic market.
Renew Risk Alternatives
Pylon
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D&B Risk Analytics
Globally, teams in risk, procurement, and compliance are under pressure to manage geopolitical risks and business risks. Third-party risks are impacted by the complexity of domestic and international businesses, as well as complex and diverse regulations. It is crucial that companies proactively manage third-party relationships. This cutting-edge platform, powered by D&B Data Cloud's 520M+ Global Business Records with 2B+ annual updates for third-party risks, is an AI-powered solution that mitigates and monitors counterparty risk on a continual basis. D&B Risk Analytics uses best-in class risk data, including alerts for high-risk purchases and match points of more than a billion. This helps to drive informed decisions. Intelligent workflows allow for quick and thorough screening. Receive alerts on key business indicators.
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Verisk Sequel
Verisk Specialty Business Solutions, previously known as Sequel, has established itself as a premier software provider in the industry for more than 25 years, offering effective and dependable solutions that ensure comprehensive management of both insurance and reinsurance operations. Consequently, our clients experience enhanced growth and improved business management through increased efficiency, adaptability, and robust data governance. With our dynamic software solutions and attentive support services, we have identified pathways to success. We are excited to introduce a groundbreaking offshore renewable energy module within our exposure management system, Impact, which utilizes the extensive global dataset of offshore wind farms compiled by Clarksons, the leading shipping services firm. This recent upgrade reflects our commitment to innovation, as our advanced and cohesive software suite facilitates complete management for all insurance and reinsurance entities, empowering our clients to gain a clearer perspective for sustainable business growth and management. Ultimately, our goal is to continue evolving alongside industry needs, ensuring that our clients are equipped with the tools necessary to thrive in a competitive landscape.
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OpenFAST
OpenFAST is a publicly accessible wind turbine simulation software created by the National Renewable Energy Laboratory (NREL). It enhances the earlier FAST v8 code, merging elements of aerodynamics, hydrodynamics, control mechanisms, and structural dynamics to facilitate detailed, coupled nonlinear aero-hydro-servo-elastic time-domain simulations of wind turbines. The tool accommodates various setups, such as onshore, fixed-bottom offshore, and floating offshore turbines. Designed to cultivate an open source developer community among research institutions, industry players, and academic circles, OpenFAST offers a comprehensive software engineering framework that includes well-structured source code, automated testing processes, and compatibility across multiple platforms. Significant updates from FAST v8.16 to OpenFAST feature the creation of a new GitHub repository that centralizes modules, glue codes, and compiling utilities; a revised versioning system; and the implementation of unit testing at the subroutine level. This evolution not only improves functionality but also enhances collaboration opportunities among users and developers involved in wind energy research.
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Integrations
No Integrations at this time
Company Details
Company:
Renew Risk
Year Founded:
2021
Headquarters:
United Kingdom
Website:
renew-risk.com
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Product Details
Platforms
Web-Based
Customer Support
Online Support
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