Insurers warn of supply chain strain, tighter OEM warranties in battery sector

Insurers say the maturing battery energy storage system (BESS) market is improving risk data and underwriting confidence, but rising fire-related costs, stretched supply chains, and reduced manufacturer warranties are creating new financial pressures.From ESS News BESS are not an obscure insurance outlier, and the good news for the battery industry is that as deployments scale and technology matures, underwriters are beginning to see enough data to price risk with more confidence. At the same time, there are enough incidents in the industry to flag new cost drivers and see grey areas in liability ...

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