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Image Source : Energyinfra market BESS11

GCube Launches $100m Insurance Consortium for BESS

Last Update 16 July 2024

GCube Insurance launched a consortium offering up to $100m in "A-rated" insurance for BESS. With six Lloyd’s syndicates, it meets rising demand from BESS developers. As utility-scale BESS capacities grow to 100MW+, so do financial risks. GCube's initiative addresses underwriters' concerns amid rapid technological advancements, aiming to stabilize the BESS market's risk landscape.

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2023

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