Shared grid connections concentrate battery insurance risk

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Tokio Marine GX warns that shared grid connections at co-located battery storage sites can concentrate insurance exposure, potentially reaching billions of dollars. It also says lenders are only beginning to require cyber coverage for these facilities.

Tokio Marine GX (TMGX) sees exposures of up to billions of dollars building up at co-located battery energy storage system (BESS) sites, and says lenders are only beginning to require cyber cover. The post Shared grid connections concentrate battery insurance risk appeared first on pv magazine Global.