BESS Data room checklist

Our BESS (Battery Energy Storage System) data room checklist provides a comprehensive list of the documents and information necessary for due diligence during project procurement, acquisition, and financing. Investors and other stakeholders can evaluate the project’s technical, financial, and legal viability through this process.

Site

V

Geotechnical report

BESS projects often on brownfield/” questionable” land so insurers want to check land stability etc.

V

Hydrological report

Check for appropriate flood mitigation measures

Engineering

V

Layout diagram / Site plan & Lat / Long

Check distances between BESS units and from substation. To calculate probable maximum loss

V

Diagram showing foundation levels

Check foundations levels against flood return periods.

V

Location of site substation

For proximity to BESS units and possible thermal runaway cascade

V

Location of first non-owned substation

For contingent DSU/BI coverage

V

Distance to first non-owned substation

For contingent business interruption

V

Gantt Chat

Check schedule against weather seasons and check if the build schedule is conservative/aggressive

V

EPC Agreement

V

EPC track-record for BESS

V

O&M agreement

O&M responsibilities covering BESS, BOP and electrical infrastructure.

V

Single line diagram

e.g. the Electrical diagram

V

Independent engineering report

Normally from a DNV or equivalent for the project and/or technology used

V

Integrated BESS unit installation manual

This should include details on deflag vents, gas detection, BMS scope.

Technology

V

UL9540a cell level report

V

UL9540a module level report

V

UL9540a unit level report

V

UL9540a installation level report

V

Independent engineering report

Any tech due diligence?

V

Details on warranties and back-ups

What are the warranty provisions and how these are financed.

V

Cell supplier track-record

Some details on # of MWhs produced etc.

V

Cell supplier local presence

Does it have locally based technical personnel? How involved is it during commissioning?

V

BESS system integrator track-record

V

Suppliers of major components

BESS, inverters, PCS, main power transformer

V

BMS system details and track record

V

Details of battery unit circuit breakers

Grid Connection

V

Connected to distribution/transmission grid?

V

Main power transformer supplier

V

Cost of site main power transformer

V

No of main power transformers and, if applicable, any
redundancy between multiple

Check to see if there are multiple transformers, in the event of damage to one can the other operate independently? If so, how much of the project could still export?

V

Any grid upgrade works at first non-owned substation to be paid for/conducted by the Insured

If any grid upgrade works beyond the site boundary needs insurance cover then we need full details of what is being built and at what cost.

Finance

V

Lenders’ due diligence report

This normally has plenty of information that helps answer a lot of insurer questions.

V

Monthly revenue breakdown

If Delay in Start-up required.

V

Details on revenue sources

How will the project make money: capacity payments/ancillary services/arbitrage etc.

V

Breakdown of values (capex)

Insurers needs to see the relative cost of different bits of equipment.

V

Contractual structure for construction

  • How many major contracts?
  • Who are the major contractors?
  • EPC/multi-contracting

How many contracts/work packages? Is it an EPC / multi-contracting approach?

SAFETY

V

Proof of engagement with local fire brigade

Some communication (letter/email) that the local fire brigade is aware of the BESS project

V

Details of any thermal runaway strategies. Including any:

  • Water suppression
  • Gas suppression
  • Liquid cooling
  • Other

Mitigation strategies such as any water suppression (if applicable) etc.

V

Details of site security

Cargo

V

Shipping schedule

V

Details of the critical items and shipping dates

V

Lead replacement times

V

Port of load and discharge

V

Shipping method statement for the BESS units/containers

V

Shipping method statement for the main power transformer

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