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
Geotechnical report
BESS projects often on brownfield/” questionable” land so insurers want to check land stability etc.
Hydrological report
Check for appropriate flood mitigation measures
Engineering
Layout diagram / Site plan & Lat / Long
Check distances between BESS units and from substation. To calculate probable maximum loss
Diagram showing foundation levels
Check foundations levels against flood return periods.
Location of site substation
For proximity to BESS units and possible thermal runaway cascade
Location of first non-owned substation
For contingent DSU/BI coverage
Distance to first non-owned substation
For contingent business interruption
Gantt Chat
Check schedule against weather seasons and check if the build schedule is conservative/aggressive
EPC Agreement
EPC track-record for BESS
O&M agreement
O&M responsibilities covering BESS, BOP and electrical infrastructure.
Single line diagram
e.g. the Electrical diagram
Independent engineering report
Normally from a DNV or equivalent for the project and/or technology used
Integrated BESS unit installation manual
This should include details on deflag vents, gas detection, BMS scope.
Technology
UL9540a cell level report
UL9540a module level report
UL9540a unit level report
UL9540a installation level report
Independent engineering report
Any tech due diligence?
Details on warranties and back-ups
What are the warranty provisions and how these are financed.
Cell supplier track-record
Some details on # of MWhs produced etc.
Cell supplier local presence
Does it have locally based technical personnel? How involved is it during commissioning?
BESS system integrator track-record
Suppliers of major components
BESS, inverters, PCS, main power transformer
BMS system details and track record
Details of battery unit circuit breakers
Grid Connection
Connected to distribution/transmission grid?
Main power transformer supplier
Cost of site main power transformer
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?
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
Lenders’ due diligence report
This normally has plenty of information that helps answer a lot of insurer questions.
Monthly revenue breakdown
If Delay in Start-up required.
Details on revenue sources
How will the project make money: capacity payments/ancillary services/arbitrage etc.
Breakdown of values (capex)
Insurers needs to see the relative cost of different bits of equipment.
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
Proof of engagement with local fire brigade
Some communication (letter/email) that the local fire brigade is aware of the BESS project
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.
Details of site security
Cargo
Shipping schedule
Details of the critical items and shipping dates
Lead replacement times
Port of load and discharge
Shipping method statement for the BESS units/containers
Shipping method statement for the main power transformer
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