What are performance warranties and why are they important in the design, operation and bankability of battery energy storage systems projects? This article answers these questions and shows how our TWAICE Warranty Tracker can minimize risks and ensure a successful business case.
The performance warranties of battery energy storage systems play a vital role in the design, operation, and ultimately bankability of BESS projects. Warranties are only valid if the complex and increasingly individual warranty conditions and operating limits are adhered to. Therefore, to minimize risks and ensure a successful business case, it is vital to have a complete and continuous transparency on the portfolio’s warranty conditions. The TWAICE Warranty Tracker identifies potential warranty issues early. This newly created transparency reduces technical risks, avoids unplanned warranty deratings, and simplifies warranty claims, therefore saving time and costs.
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