Tallarna, a London, UK, New York and Stockholm, Sweden-based climate tech company, received an investment from ABB.
The amount of the deal was not disclosed.
With ABB’s backing, the company’s scope will be extended to Energy Service Companies (ESCOs) serving commercial and industrial organisations.
Led by CEO Tim Meanock, Tallarna provides an AI platform called KESTREL, which enables users to manage decarbonization projects by aligning what can be achieved from an engineering perspective with what can be insured and funded. The software is integrated with the related underwriting processes of AmTrust Financial Services, a global specialty property and casualty insurer, who is also an existing investor.
Together, the companies have created a unique Energy Savings Insurance product which enables customers to access project investors integrated into Tallarna’s platform.
FinSMEs
28/11/2022