The International Energy Agency expects the total value of the battery market to reach at least $330B by 2030. 

Batteries are a growing solution to manage the shift to low-carbon and electrified power grids. However; as the pace of these battery projects increases, so does the need for insurance solutions that are fully charged. 

NARDAC, a specialist energy and infrastructure MGA, offers a battery energy storage system (BESS) insurance program that provides battery developers and operators the coverage they need for a wide range of BESS projects. 

Why Nardac

With a team that spans, engineering, underwriting and claims, we’re able to translate our technical understanding of evolving cell chemistries and types; the more granular battery management systems (BMS) now available; and the increasing energy density of cabinets into comprehensive insurance offerings that protect our energy future. 

Coverage highlights

• Operational Property Damage and Business Interruption coverage for battery energy storage systems
• Natural catastrophe coverage available
• Lender-compliant terms 

Broad appetite

• LFP or NMC chemistry
• All cell suppliers & integrators
• Can offer 100% insurance solutions for projects under $25M TIV
  

Target clients 

• Projects in the US, UK and Australia
• Projects of any size, from micro-grid installations to utility-scale mega projects