Energy Storage

Energy Storage

As an insurance broker, REIB's next step was to enter the energy storage sector. So we can provide comprehensive insurance coverage for developers and owners/asset management businesses. As well as their projects, during the development, construction, and operational phases.
Large-scale energy storage projects are now a vital component of the US energy market's future. With the National Grid having a requirement to obtain ‘backup’ storage in order to increase stable energy supply and subsequently meet their active power output target.
The insurance market is still unfamiliar with energy storage. Therefore, in its early stages, REIB collaborated with industry leaders to develop an insurance coverage exclusively for energy storage projects.
Energy_storage
Energy storage

We provide insurance protection for more than 60 MW capacity of Battery Energy Storage Systems worldwide.

In addition, our co-workers in Europe cooperate with the pioneers of energy storage in Germany. Therefore, the projects are ranging from 1 MW up to 50MW together with several other systems:

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

REIB can offer a full range of covers from start to finish. Including feasibility studies, development, construction and operation phase.

Construction Phase

Marine / Transit / Transport insurance
Contractors/Erection All Risks
Delay in Start-Up (Advance Loss of Profit)
Public Liability

Operational Phase

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

Why Choose Us?

  • We are specialists on the solar insurance field
  • Guaranteed 24 hours communication: online claim forms; responce to any query within 24 hours; senior advisor is available
  • We work only with A rated insurance companies
  • We can provide solar insurance package for your photovoltaic plant worldwide
  • We understand your business
  • We go above and beyond to make sure our customers are happy with our services
  • We can make your PV project more bankable

Schedule an appointment with one of our experts

Get in touch+359 89 996 9647