GlobeNewswire by notified

VDE Americas Goes Global to Meet Rising Demand for Hail Risk Intelligence

21.10.2025 23:00:00 CEST | GlobeNewswire by notified | Press release

Share

Technical advisory firm kicks off the international expansion of its hail risk products and services in Australia, targeting high-growth solar markets in the Asia-Pacific region, Europe, the Middle East, and South Africa

SAN JOSE, Calif., Oct. 21, 2025 (GLOBE NEWSWIRE) -- VDE Americas, a global leader in technical advisory and catastrophic risk assessment services for the solar industry, today announced the internationalization of its innovative hail risk assessment and mitigation services. Since 2021, VDE Americas has offered location- and technology-specific financial hail risk exposure reports to solar project developers, owners, financiers, and insurers operating in the most hail-exposed region in the world—the continental United States. After supporting increased customer demand in Australia, Europe, the Middle East, and South Africa, the company has formalized the global expansion of its hail risk assessment service territory.

Severe convective storms—a meteorological category that produces tornadoes, high winds, and damaging hail—account for tens of billions of U.S. dollars of insured losses worldwide each year. As solar project deployments have increased in size, frequency, and geographic distribution, financial losses specifically due to hailstorm damage have risen in parallel. According to GCube, a specialty insurer with an international book of business, hail accounts for less than 2% of solar project insurance claims by count—but more than 50% of total financial losses. Since 2018, hail-related solar losses in the state of Texas alone have exceeded $600 million.

Originally developed to de-risk capital investments in utility-scale solar, VDE Hail Risk Intelligence provides state-of-the-art hail severity and frequency forecasts to support engineered financial loss assessments and risk mitigation responses. Because severe hail hotspots occur globally, VDE Americas leveraged its longstanding collaboration with Dr. John Allen, a professor of meteorology at Central Michigan University, to develop state-of-the-art data analysis and transposition tools capable of characterizing hailstorm frequency and severity anywhere in the world, the results of which can be applied to any industry susceptible to hail damage.

“Though severe hail is often associated with the Great Plains of the United States, hail occurs regularly on every continent except Antarctica,” explained Dr. Allen, co-leader for Project ICECHIP, the largest-ever hail-focused field campaign and research initiative funded by the U.S. National Science Foundation. “Hail can form in any location that experiences severe thunderstorms. In Australia, as an example, where I am from originally, severe hail events are most frequent on the central east coast and nearby inland, from north of Brisbane to south of Sydney. This is a region where severe hail events are coincident with utility-scale solar development activities.”

The limited availability and quality of radar data is a key challenge in assessing hail risk outside the United States; this is especially true of many locations where solar development occurs. To solve this blind spot, VDE Americas has built upon novel work by the U.S. National Center for Atmospheric Research (NCAR), ETH Zurich, and others. By using a combination of human expertise and a proprietary meteorological model that pairs rich radar and ground-based hail data from the U.S. National Weather Service (NWS) with high-quality atmospheric data from the European Centre for Medium-Range Weather Forecasts (ECMWF), VDE is now able to offer Hail Risk Intelligence free of population bias to nearly every location in the world.

“Though large-diameter hail is inevitable in some parts of the world, large solar project losses are not,” noted Brian Grenko, president and CEO of VDE Americas. “Our hail products and services have consistently demonstrated that project stakeholders can limit catastrophic damage and financial loss via better technical literacy, due diligence, and risk mitigation practices.”

“Today’s solar farms are tomorrow’s critical power generation assets,” said Ansgar Hinz, CEO of the VDE Group. “For a worthwhile future, solar assets and portfolios must operate safely, sustainably, and reliably under their expected use conditions. Leveraging the VDE Group’s strong international network, we are excited to offer these financial hail risk assessments and consulting services to global markets.”

To kick off product internationalization, Jon Previtali, vice president of VDE Americas, is attending All Energy Australia, which takes place 29–30 October 2025 in Melbourne, to introduce VDE’s Hail Risk Intelligence capabilities to solar and insurance industry stakeholders at the southern hemisphere’s largest clean energy event. "Based on its solar development trends and severe convective storm activity, Australia represents an ideal market for our catastrophic risk assessment and loss prevention services,” said Previtali.

About VDE Americas
VDE Americas provides technical advisory and risk mitigation services to renewable energy stakeholders—from project owners and financiers to equipment manufacturers and those who construct, operate, and insure large-scale power generation and energy storage facilities. A wholly owned subsidiary of the VDE Group, VDE Americas is recognized globally as the leading authority in solar project hail risk intelligence and loss prevention. The company's expertise and innovative solutions have facilitated billions of dollars of investment in renewable energy assets. 

For more information, visit: www.vde.com/en/vde-americas

About VDE
VDE, one of the largest technology organizations in Europe, has been regarded as a synonym for innovation and technological progress for more than 130 years. VDE is the only organization in the world that combines science, standardization, testing, certification, and application consulting under one umbrella. The VDE mark has been synonymous with the highest safety standards and consumer protection for more than 100 years.

For more information, visit www.vde.com

MEDIA CONTACT:
Mission Control Communications for VDE Americas
vde@missionc2.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/11c58ae7-af7d-4bcf-b148-3d77a791af0e

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye