Ariel Green to Speed Energy Transition by Growing Technology Performance Insurance Consortium at Lloyd’s

London, 29 May 2024: Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology
Performance Insurance (“TPI”) Consortium. First launched in 2023, Ariel Green successfully renewed
the Consortium, while growing the number of markets participating and capacity available, to
protect clean energy technologies and projects.

With the Consortium’s backing, Ariel Green now offers TPI policies with up to $150,000,000 in
aggregate per risk, and more in special circumstances, allowing the major cleantech projects and
stakeholders to benefit from meaningful risk transfer. The increased scale will allow the clean energy
sector to access more capital and accelerate deployment of innovative technologies essential to
achieving Net Zero.

“We are proud to be the Technology Performance Insurer at Lloyd’s, leading the convergence of the
green energy sector and the insurance industry.” Jan Napiorkowski said, adding that “the demand
for participation in the Consortium reflects the increasing demand for clean energy TPI as well as
insurers’ commitment to support this fast-growing energy sector, while adding new and
uncorrelated classes of business.”

Rachel Turk, Lloyd’s Chief Underwriting Officer said: “Lloyd’s offers a unique global platform to host
this renewable consortium thanks to our global licenses and position as the world’s leading specialist
insurance market. We are delighted that major traditional insurance players view Lloyd’s and our
consortia as a great platform to identify and support specialty insurance offerings in this segment.”