Munich Re has backed climate-tech pioneer raicoon’s “industry-first” 100% fault detection guarantee with zero false alarms for solar energy operations.
According to raicoon, this “groundbreaking” collaboration with Munich Re will empower the acceleration of the energy transition, increase the efficiency and profitability of solar asset management, and optimise resource use.
The alliance will also bolster trust in AI-driven solutions in the renewables sector, the firm suggests.
Munich Re’s AI specialists conducted an extensive analysis of raicoon’s AOC technology leading to the development of a tailored insurance product for raicoon AOC.
If the AOC generates a false alarm or fails to detect an anomaly, raicoon will compensate 100% of the loss.
The insurance product from Munich Re indemnifies raicoon for its liabilities to customers as a result of this guarantee, allowing customers to confidently invest in raicoon’s technology without risk.
Michael Berger, Head of Insure AI at Munich Re, commented, “The partnership showcases Munich Re’s commitment to absorbing technical risks and fostering sustainable growth in green technologies.
“Based on Munich Re’s 14 years of experience in renewables, we back the outstanding technical quality of AI-driven solutions like raicoon AOC.”
CEO of raicoon, Ralf Tschanun, added, “Our partnership with Munich Re is a game-changing milestone for raicoon and the renewable energy industry.
“Our unique 100% fault detection and zero false alarms guarantee empowers customers to trust AI-driven technology and advance the transition to sustainable energy sources without any risk.
“Our customers can have peace of mind knowing that raicoon AOC runs their PV plants fully autonomously with unprecedented quality and accuracy.”
