Paineng energy storage buys insurance

Why do you need warranty insurance for your energy storage system?

Our warranty insurance solutions help to secure your sustainable business in the long run. Energy storage systems often involve the complex integration of multiple high-tech components. These are all prone to failure and malfunction, particularly over long periods of ten years and more.

Does insurance enhance the profit model of energy storage?

The insurance, a financial product explored in this paper, enriches the profit model of energy storage, provides a feasible path for energy storage investors to lock in profits in advance, helps to stimulate the enthusiasm of energy storage investment, and promote the development of China's new energy and energy storage industry. 1. Introduction

How much does energy storage cost?

It is calculated that if 14 wind power stations and 9 photovoltaic stations are individually configured with energy storage, a total of 1392.6 MW of energy storage needs to be configured, and the annual cost of energy storage and deviation assessment cost borne by the installed unit of 23 new energy stations are 168,798.8 yuan /MW· year.

How long do energy storage systems last?

Energy storage systems often involve the complex integration of multiple high-tech components. These are all prone to failure and malfunction, particularly over long periods of ten years and more. As a manufacturer and system integrator you have to provide your customers with warranties.

What happens if a shared energy storage operator buys insurance?

If 23 new energy stations purchase insurance from the shared energy storage operator, the shared energy storage operator needs to allocate 256.7 MW of energy storage, which is 81.57 % less than the installed energy storage capacity of the new energy-independent configuration.

What are the pricing conditions for shared energy storage?

3.2.2. Binding conditions The pricing of the deviation insurance service provided by shared energy storage is determined according to the cost of shared energy storage, and its pricing range is “the upper limit of the price that new energy is willing to buy” and “the lower price limit borne by the shared energy storage operator”.