Startup Series: Energetic Insurance

Today's guest is Jeff McAulay, Co-founder & President of Energetic Insurance. Energetic Insurance is an InsurTech startup with a novel, data-driven approach to developing new insurance products for the renewable energy industry. Before co-founding Energetic Insurance, Jeff worked in distributed energy resources at TechBridge Program Manager and solar, storage, and distributed energy resources at EnerNOC. While at EnerNOC, Jeff discovered many small- and mid-sized businesses don't have an investment-grade credit rating. With backgrounds in insurance and renewable energy, Jeff and his co-founder, James Bowen, invented a new kind of insurance product to backstop the credit risk of commercial electricity buyers and make financing renewable energy projects easier. Jeff walks me through his time at EnerNOC and how that motivated him to co-found Energetic Insurance. He also explains Energetic Insurance's mission, product, and the problem it's working to solve. Jeff and I discuss the key phasing of the company, what success looks like for the startup, and why a PPA model is successful in renewable energy financing. Jeff is a great guest, especially for those looking to deploy commercial renewable energy. Enjoy the show! You can find me on twitter @jjacobs22 or @mcjpod and email at [email protected], where I encourage you to share your feedback on episodes and suggestions for future topics or guests. Episode recorded July 21st, 2021