Energy storage power station insurance bidding

Why do you need warranty insurance for your energy storage system?

Our warranty insurance solutions help to secure your sustainable business in the long run. Energy storage systems often involve the complex integration of multiple high-tech components. These are all prone to failure and malfunction, particularly over long periods of ten years and more.

What is a standalone energy storage system?

Con Ed defines a standalone energy storage system as are those systems installed separate from other customer load, and are generally operated to participate in energy, capacity, or ancillary services markets.

Why do we need reliable energy storage systems?

Renewables like wind and solar energy are intermittent by nature. To successfully master the energy transition, reliable energy storage systems are a must to provide the necessary supply stability.

How can energy storage help meet New York's electric system needs?

Energy storage will play an increasingly significant role in helping to meet New York’s electric system needs. This includes peak load reduction, renewable firming and time shifting, carbon reduction, and increased resilience.

Should energy storage be included in the electric grid?

Integrating storage in the electric grid, especially in areas with high energy demand, will allow clean energy to be available when and where it is most needed. As New York continues to invest and build a cleaner grid, energy storage will allow us to use existing resources more efficiently and phase out the dirtiest power plants.

What is energy storage in New York State?

Energy storage resources in New York State can provide services and interface with the electric grid at the transmission and distribution system levels. There are several different areas of opportunity for energy storage to participate and serve the New York State electricity system: