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Lithium-ion battery manufacturing plants – risk and insurance considerations

Huge demand for technology has led to growing need for lithium batteries, for which insurance availability is key. Our paper gives an overview of project risks and insurance considerations.

Lithium-ion (Li-ion) batteries are the fastest growing rechargeable battery segment; it is estimated that global output is set to increase from just below 200GWh in 2019 to between 1,100GWh and 2,000GWh by 2030.

But the construction of battery plants carry specific risk and insurance considerations, especially prescient in a tough insurance market. How should construction companies risk manage their projects? And what other measures should they take to obtain the cost-effective construction insurance needed to help optimise a project’s bankability?

 

Find out in our new article, Lithium-ion battery plants – risk and insurance considerations.

You'll discover:

  • Why fire is the main concern for battery factory insurers.
  • How economies of scale can lead to increased vulnerability for delay in start-up issues.
  • How to obtain the optimum insurance programme placement for prototypical equipment.

Read the article to find out more key facts for Li-ion battery plant construction. And please don’t hesitate to contact us for more information.

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Lithium-ion battery manufacturing plants – risk and insurance considerations

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