TWAICE, NARDAC partner to provide better insurance terms for BESS using software analytics
- Admin
- Jun 19, 2024
- 1 min read
The article discusses how battery data analytics can enhance the safety and affordability of insurance coverage for battery storage systems. TWAICE has partnered with NARDAC to improve insurance terms by integrating real-time analytics with passive mitigation strategies. The industry has faced challenges in securing insurance coverage due to incidents of thermal runaway. Despite a decrease in failure incident rates, the severity of thermal runaway events remains high. In a similar move, ACCURE collaborated with Gore Street Energy Storage Fund to deploy cloud-based battery data analytics for operational improvement and risk reduction.
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