Plug Power Olin Joint Venture Hydrogen Plant Louisiana

Insurance Giant SCOR Expands Into Hydrogen Sector

Global reinsurance company SCOR is increasing its involvement in the hydrogen economy as insurers and financial institutions continue moving deeper into clean energy infrastructure projects.

According to recent reporting, SCOR is supporting the Hidrogenii green hydrogen project in Louisiana as part of its broader “New Energy Practice” strategy focused on emerging low-carbon technologies including hydrogen, carbon capture, biofuels, wind, and solar.

As hydrogen projects continue scaling globally, insurance and risk management are becoming increasingly important parts of the industry. Large industrial projects often require complex underwriting for:

  • construction risk
  • operational safety
  • transportation and storage
  • environmental liability
  • infrastructure financing

The involvement of major insurers like SCOR may signal growing institutional confidence in hydrogen infrastructure development.

Hydrogen Infrastructure Growth Continues

Hydrogen investment activity has expanded rapidly across North America and internationally in recent years. New projects include:

  • hydrogen production facilities
  • electrolyzer installations
  • fueling stations
  • storage hubs
  • ammonia and methanol infrastructure
  • industrial decarbonization projects

Many projects remain in early development phases, while others are moving toward commercial operation.

The St. Gabriel hydrogen liquefaction facility in Louisiana began operations in 2025 as part of the Hidrogenii joint venture between Olin Corporation and Plug Power. The plant produces up to 15 metric tons per day of liquid hydrogen by capturing by-product hydrogen from Olin’s chlor-alkali chemical production process, then purifying and cryogenically liquefying it for transport and distribution to industrial and fuel cell customers across the United States.

Related Infrastructure

RespectMyPlanet.org maintains an interactive hydrogen infrastructure mapping system tracking projects across North America and other regions.

Related Facility

The hydrogen industry continues evolving as energy companies, industrial operators, utilities, insurers, and governments evaluate long-term decarbonization strategies and infrastructure investment opportunities.

Source: FuelCellsWorks


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