The insurance package, designed to mitigate specific technical and commercial risks, allows Pulse to replace components over the next decade without compromising coverage. This shift in risk management is intended to streamline project financing while supporting the integration of renewable energy into the grid across England and Wales. Aazzum Yassir, Director of Technology and Operations at Pulse, noted that the coverage provides the necessary performance guarantees to attract investors as the company scales its portfolio.
In section Releases
Pulse Clean Energy Secures First UK Battery Insurance Policy
Pulse Clean Energy has achieved financial close on its Plymouth and Dowlais battery projects, becoming the first developer in the UK to secure Technology Performance Insurance. The bespoke 13-year policy from Ariel Green provides the long-term risk protection necessary to bolster lender confidence and operational flexibility during the assets' lifecycles.
Backed by the Lloyd's of London Chain of Security, the deal was finalized with brokerage support from Aon and legal counsel from Eversheds Sutherland. For Ariel Green, the transaction signals a broader push to standardize performance-based insurance for energy storage, a sector facing increasing technical complexity as global deployment accelerates.
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