Battery energy storage systems are now at the forefront of the UK’s renewable energy mix with the technology being a key factor in maintaining power supply and avoiding outages at peak times of power usage in the UK.
We can arrange insurance for battery energy storage projects of any size in the UK across all stages of the project offering the following covers:
For any developers, EPC contractors or owner/operators looking to insure a battery energy storage project, our experienced insurance experts are on hand to help you understand and help mitigate the risks involved. They have key industry relationships to help find you the right cover to protect you if things go wrong.
By taking the time to assess your individual needs, we’ll explore the renewable energy insurance market and arrange the cover that’s right for your business.
With any emerging technology like battery energy storage, comes new risk to insurers however one issue that is relatively well known in this sector is the risk of fire. We break down fire mitigation for battery energy storage projects into four main areas when sourcing the best insurance solution:
Planning and Design: Considerations include the overall design of the site and specifically the separation of battery containers and other major equipment i.e transformers, inverters and sub stations. Fire walls could also been introduced into the design of battery energy storage projects. These are generally constructed of concrete or composite materials and positioned between containers.
Construction: The key issue here is in respect of the experience and familiarity of the EPC contractor with battery energy storage technology. Other important construction factors include the use of non-combustible materials within the insulation of the battery containers and the chosen ventilation and suppression systems for the site.
Fire protection systems: Battery energy storage operators should ensure an adequate water supply is available for firefighters and that the local fire brigade have visited to familiarise themselves with the site. The fire brigade will ideally have a plan devised to prevent any re-ignition scenarios and thermal runaway. Remote and continuous online monitoring, early detection sensors, appropriate venting to avoid the build-up of gas and automatic fire suppression systems to FPA 855 standard should also be in place.
Maintenance: Every battery energy storage site should have a dedicated maintenance schedule including monthly preventive checks, thermographic testing and spare parts should be readily available to minimise business interruption losses
The cost of your wind turbine insurance will depend on many factors such as:
Our specialist renewable energy insurance experts can help explore the renewable energy insurance market and arrange cover that's right for your business.
Your policy should match the specific complexities of your project and there is no one-size-fits-all solution. We work with insurers to tailor coverage to suit your needs from project planning through to operational. This can include product cover such as:
The cost of your insurance will depend on many factors such as:
Our specialist renewable energy insurance experts can help explore the renewable energy market and arrange cover that’s right for your business.
We support specialist renewable energy sectors including:
Our team of specialist renewable energy insurance experts understand this ever-changing industry and are here to help. By taking the time to assess your individual needs, we'll explore the renewable energy insurance market and arrange the cover that's right for your business. That's why we're a valued member of the Renewable Energy Association and the Anaerobic Digestion and Bioresources Association.
Ideally, during the design phase of your project to enable us to discuss with insurers and ensure it meets their requirements before construction commences. However, please reach out to our expert team and we can support your insurer conversations during the construction phase and once operational.
