German reinsurance giant Munich Re has signed a long-term collaboration agreement with INTILION to insure its large-scale energy storage system.
The insurance product offered by Munich Re provides the company with the ability to insure against clients’ claims arising under the warranty and performance guarantee (Product and Performance Warranty Insurance).
This agreement provides insurance coverage for the five-year warranty and 10-year performance guarantee that INTILION provides to its customers.
These commitments are the result of an extensive auditing process of the INTILION | scalecube energy storage system by MunichRe.
Dr. André Haubrock, CEO of INTILION AG commented: “If there had been any need for a seal of approval for the quality and longevity of our product, it has now been provided by MunichRe after a very rigorous testing process.
“We are proud that the respected rein-surer has agreed to offer insurance covering the five-year warranty and 10-year performance guarantee that INTILION provides to its customers. This long-term approach gives our customers the necessary security and planning capability when using our large-scale storage solutions of up to 100 MWh.”
