A battery storage system can meet every contracted performance guarantee and still leave its owner watching day-to-day output fall short of expectations.
We caught up with a partner at insurance broker Lockton about recent developments in the space, including the ramifications – or lack thereof – of the recent Moss Landing fire on insuring BESS projects going forward.
Battery storage plays an important role in adding resilience to energy networks. But it should also be remembered that natural catastrophes can affect BESS resources too, writes Ross Kiddie of bespoke battery insurance company Altelium.
The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.
