1. Insurer Munich Re Offers 10-year Warranty on Battery Storage Performance

    Insurer Munich Re Offers 10-year Warranty on Battery Storage Performance

    German insurance giant, Munich Re, announced on Friday what it called the world's first long-term insurance product for the existing warranties manufacturers issue on battery performance. The offering is intended to ease project financing and quicken the pace of deployment for batteries. Munich Re is offering insurance policies for 10 years to cover 'major projects, such as those to ensure grid stability or to cover peak demand periods.'

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