Marsh Commercial today announced that it has secured an agreement to provide risk and insurance solutions to Britishvolt, a manufacturer of lithium-ion batteries for energy storage and electric vehicles, for its gigaplant. Set to be the first of its kind in the UK, the facility is on track to be completed by 2023 and will have an annual battery production capacity of up to 30GWh.
Marsh has a dedicated team of specialists with extensive knowledge of the risks, present and future, confronting both the automotive and renewable energy industries, and how to manage these effectively in an evolving insurance market. The team at Marsh will provide Britshvolt with solutions across multiple lines of placement and technical risk management to address the unique complexities a gigawatt factory possesses.
Anthony Gruppo, CEO, Marsh Commercial, commented: “Britishvolt’s facility will help further mobilise the use of electric fleet vehicles and energy storage solutions by organisations committed to reducing their carbon footprint. Our transport and renewable energy experts look forward to working closely with Britishvolt in aid of our joint commitment to support the growth of greener UK industries.”
Martin Reynolds, Chief Governance Officer, Britishvolt, commented: “Our mission is to put the UK at the forefront of battery technology and manufacturing. This is seen as an essential component for safeguarding the British automotive industry and renewable energy sectors as we move towards an increasingly electrified future. We cannot achieve our ambition to build the UK’s first gigaplant, delivering world-class battery technologies, without world-class experts and advisers. That is why I am delighted that we are working with Marsh Commercial. Their knowledge, experience and expertise will be essential to our growing business.”