HDInsights Edition 7 2022

‘The insurance customers benefit twice. Basically, the reliability and availability of the battery storage increases. In addition, they can plan their maintenance and repair work based on our analysis and receive tailored insurance conditions," said Dr Kairies. The ACCURE platform determines and forecasts the safety and status of batteries based on operating data. At the same time, the evaluated data is used to optimise system design and battery operation. If irregularities nevertheless occur, the insurance covers both property damage and non-property damage. This means that business models with battery storage systems are covered in several ways, which increases the willingness to invest in this area and thus contributes to accelerating the growth of the market for renewable energies.

Investing in technology ““As investment in battery storage technology accelerates, so too does the need for greater understanding of battery performance. Investing in technology that predicts and prevents failure before it occurs will not only improve long-term performance, it makes an asset more attractive from a financing and insurance perspective by reducing the potential risk of failure. As the technology evolves and adoption increases across the Australia and the Asia Pacific, we’re pleased to bring our broker partners and their clients this global innovation through HDI TH!NX.

Insurance vital to building trust “"Through the cooperation with ACCURE, HDI Global is happy to provide additional support to our customers as they transition towards a greener future, I am excited that together we have been able to launch this new and necessary combination of technology and insurance."

Haris Michaels Underwriting Manager Engineering and Construction Australasia. HDI Global SE, Australia

Please contact our HDI Team with questions

Claire McDonald Member of the board HDI Global SE

Contact - HDI

‘While HDI Global has been providing insurance for more than 100 years and is active in more than 175 countries, HDI TH!NX focuses on co-innovation with industrial companies in the field of Internet of Things (IoT). Thanks to ACCURE's continuous monitoring, reliable information on the condition of all insured batteries is available for the first time. This information can also be used to investigate the cause of damage. This makes the ACCURE software an essential product for reducing the investment and operating risk for battery storage systems.

Haris Michaels Underwriting Manager, Engineering Australasia M: +61 (0)498 052 656 Haris.Michaels@HDI.Global

Philipp Glanz Risk Engineering Manager Asia-Pacific M: +61 (0)498 016 552 Philipp.Glanz@HDI.Global

HDInsight Edition 7 - page 22