Battery Energy Storage Systems: A deep dive on the hot topic of BESS

Bios:

Ali Nicklin works in business development for the Marsh Power and Renewable Energy team. Ali holds a master’s degree in chemistry from the University of Oxford, and now leads Marsh’s BESS offering for Energy and Power clients.

Matthew Thurley is a loss adjuster at SteegeXP. Matthew holds a master’s degree in mechanical engineering from University of Nottingham, and for the last seven years has been handling complex energy claims, including BESS claims.

Synopsis:

Battery Energy Storage is a crucial component of the energy transition and an area of significant growth within the clean energy sector. This presentation will provide an update on the BESS sector from both the client side (brokers perspective) and loss side (loss adjusters perspective). Topics discussed will include:

Intro to the technology

The use case (gird requirements)

The business case (revenue models)

Insurance market response

Failure types and causes

Mitigations

Case studies