RENEWABLE Energy storage insurance
Here to help you with your renewable energy storage insurance
The ability to store renewable energy plays a critical role in the UK's transition to a low carbon future.
Long-life technologies – that allow thousands of repeat charges and discharges – are needed to store enough energy to match demand effectively. From 100kw to 100mw+, we can support your renewable energy project, including the following technologies:
- battery energy storage systems
- pumped hydroelectricity storage
- pumped heat electricity storage
- liquid air energy storage
How our renewable energy storage insurance experts can help you
We understand the challenges your renewable energy project faces. By working with experts in the sector, we have developed an energy storage insurance product that will protect your project from risks throughout the design, construction and operational stages.
Renewable energy storage protection we can offer when building your project
We'll manage the risks associated with the construction stages of your project, as well as arranging the correct levels of cover to protect your business, including:
- marine transit
- contractors all risks
- delay in start-up (advance loss of profit)
- public liability
- abortive planning cover.
Renewable energy storage insurance for day-to-day risks
Once your project is up and running, you'll need cover to protect against everyday operational risks, such as:
- operational all risks (including damage, breakdown, loss of revenue)
- public liability
- environmental liability
- cyber attacks
- decommissioning bonds
- defective title/chancel.
Protecting your renewable energy investments
The UK’s renewable energy sector faces uncertainty and changes. From targeted net-zero emissions by 2050, to concerns around new technologies. Our renewable energy eBook explores how key organisations are working together to help the industry grow by ensuring long-term insurance protection.
Renewable energy project insurance
Planning a bigger project?
Whether this is your first project, or you are an experienced investor, getting insurance cover and mitigating the risks should be a priority during the planning process. We can advise on key areas of company risk to help reduce claims and business disruption.
Frequently asked questions
1. they will understand your plant; and
2. you will be able to factor in loss mitigation controls they require from the outset. It is far more financially viable from a Capital Expenditure (CAPEX) perspective to do this than trying to retrofit which can be extremely costly.
Read the latest renewable energy articles
From early planning to completion, renewable energy projects face different risks. Find out what renewable energy insurance could help you manage them.
As the battery energy storage market matures, the size and complexity of installations increases, operators and insurers are still learning about the risks. We take a look at explaining one of the main risks, fire.