Energy storage epc risks

What should I do if an EPC is not 'best for project'?

It is a dynamic market and traditional models (e.g. wrapped EPC) may not be 'best for project'. Ensure tender flexibility for adjustments and if the scope is split, map OEM-BOP interactions for risk mitigation. Align internal approval timing with connection progress and commitments for pricing and manufacturing slots with OEM and BOP contractor.

How can you navigate battery energy storage systems challenges?

We discuss how you can navigate battery energy storage systems challenges with insights on procurement, risk mitigation, and project optimisation for successful delivery. Optimise market engagement and procurement efficiency by tendering based on a combination of OEM and owner/financier terms.

Are battery energy storage systems being affected by fires?

Battery energy storage systems (BESS) have been in the news after being affected by a series of high-profile fires.

Is Bess a good investment for battery energy storage risks?

As a lead underwriter in both London and New York of battery energy storage risks we have a strong appetite for BESS and it is an important part of our renewable energy insurance portfolio.

Why are large-scale battery energy storage systems important?

As the energy and renewables sector evolves, large-scale battery energy storage systems ( BESS) are becoming increasingly critical and prevalent. BESS projects bring a range of legal, commercial and technical challenges.

What is a wrapped EPC?

For most projects, the wrapped EPC has long been the preferred delivery model for owners (and financiers), because it provides the owner with a turnkey product and a single point of accountability in the case of defects and performance issues.