Altelium, which provides warranty insurance for the battery supply chain, has signed a deal with MS Amlin Underwriting to provide a construction all risk and operational all risk insurance solution for the battery energy storage system market.

Julian Samuel, head of natural resources at MS Amlin Underwriting, said: “We’ve partnered with Altelium, a specialist in this sector, because of their deep technical knowledge and expertise within the battery market. I’m delighted that through this partnership, we are playing a part in the effort to combat climate change.”

Ed Grimston, co-founder at Altelium, added: “We’re delighted to have MS Amlin Underwriting Limited partner with us to provide BESS operational all risk and construction all risk solutions, part of our wider portfolio of products and services across the battery value chain.”

The announcement follows news that Altelium has signed a deal with Tokio Marine Kiln on BESS warranty products.

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