Charging Ahead: How the Current Pace of BESS Adoption is Reshaping the Risk Landscape

Synopsis

As Battery Energy Storage Systems (BESS) are adopted at an accelerating pace, the risk exposure landscape is evolving. 

The rapid deployment of large-scale BESS projects is creating alternative risk profiles, with changing climate factors, fire hazards, and operational demands that create fresh challenges throughout the project lifecycle. Additionally, the surge in BESS adoption is driving increased production, which brings its own set of changing risks. In this presentation, Zurich Resilience Solutions examines how these dynamic factors are reshaping the risk exposure. We will share how we are adapting our advice to address the potential impacts on the resilience of BESS & the local grid network.