Long-duration storage provider ESS has announced an expansion to its 10-year warranty insurance coverage for its Energy Center product through Munich Re.
The innovative policy provides a warranty backstop for ESS’s proprietary flow battery technology and electrolyte management system, supporting the system performance guarantee regardless of project size or location.
ESS has also collaborated with Munich Re to similarly expand its Project Cover to ensure a bankable product offering for the Energy Center. The Cover eliminates any technology or business continuity risk for operators and can be extended to provide long-term assurance of project performance to system owners, investors and lenders.
“As a leader in the long-duration energy storage industry, we’re constantly looking to innovate and break ground on new programs that increase confidence in our utility-scale storage solutions,” said Eric Dresselhuys, CEO of ESS. “Utility-scale project developers and asset owners can now deploy our flow batteries with greater confidence in securing financing, system operations, and successful performance outcomes.”
