Battery / Energy Storage Insurance

Energy Storage Insurance

As an established insurance broker within the renewable energy/power sector, the natural progression was for us to enter the energy storage market. We offer bespoke insurance cover for the protection of developers and owner/operators and their respective energy storage projects during design, construction and operational phase.

Large scale energy storage is now an essential part of the future of the energy market in the UK. With the National Grid having a requirement to procure ‘back up’ storage to improve energy stability supply and subsequently meet their own active power output target.

Subsequently the National Grid are currently working with developers and owner/operators of energy storage projects under schemes such as EFR, FFR (Primary & Secondary), Triad etc.

With the insurance market for energy storage still in its infancy and a clear lack of understanding in the market, Northern Alliance has worked with leading companies within the sector to devise an insurance policy specifically for energy storage projects.

We are active members of The Electricity Storage Network and have been liaising with the following types of companies:

  • Banks / Lenders
  • Developers
  • Consultants
  • Manufacturers
  • EPC’s
  • O&M Contractors
  • Owner / Operators

Northern Alliance provide insurance protection for projects attached to existing renewable energy projects or stand alone projects. We can cater for projects ranging from 100kw through to 50MW including the following energy storage technologies:

  • Battery Energy Storage Systems (BESS) – Lithium-ion, Lead – titanate etc
  • Pumped Hydroelectricity Storage (PHS)
  • Pumped Heat Electricity Storage
  • Liquid Air Energy Storage
  • Hydrogen
  • Flywheel
  • Supercapacitor

We offer a full range of covers from the start of feasibility studies, design stage, construction and operation phase. Covers include:

Construction Phase

Operational Phase

  • Operational All Risks (inc Damage, Breakdown, Loss of Revenue)
  • Cover for Imported Energy or Energy Stored
  • Extended Loss of Revenue Cover for Damage to Grid/Substations
  • Extended Loss of Revenue Indemnity Period (18 Months)
  • Public Liability
  • Environmental Liability
  • Terrorism
  • Cyber Attacks
  • Decommissioning Bonds
  • Defective Title/Chancel etc

Other Considerations

  • Combined Liability (Employers & Public Liability)
  • Professional Indemnity
  • Directors & Officers
  • Legal Expenses

Please contact a member of our team to discuss your insurance requirements, Tel No 01924 232913 or dan.maltby@alliancebrokers.co.uk

“It doesn’t always rain when you need water, so we have reservoirs – but we don’t have the same system for electricity” – Jill Cainey, Director of the UK’s Electricity Storage Network

Energy Storage Network