The renewables sector is focusing on the development and scaling of clean energy technologies, with solar PV, hydropower, and offshore wind being prominent in the near term. However, there is a shift towards developing technologies in the longer term, with battery storage and hydrogen taking the lead. Battery energy storage systems have seen significant growth, with investments in BESS increasing substantially. Governments worldwide are supporting battery storage to enhance energy providers' flexibility and stability. On the other hand, the hydrogen sector is projected to grow rapidly, but challenges like high production costs and infrastructure limitations exist. Insurance markets are adapting to support the energy transition, although the pace of technological advancements poses challenges in providing adequate coverage. Insurers are navigating new risks and complexities in renewable energy projects, leading to a disconnect between technology readiness and insurability. Companies are urged to engage with specialized risk engineers to mitigate risks and optimize insurance coverage to support the growth of clean energy projects.