On September 5, Nippon Living Insurance announced that it will provide long-term warranty services for industrial batteries/grid storage batteries and battery storage systems with renewable energy sources (industrial power storage systems). called ESS Warranty System. that it will be available from the 1st of this month.
ESS Warranty System Supply Process
(Source: Nippon Life Warranty)
After the original manufacturer's warranty expires, we will pay the cost of repair or replacement (the cost of purchasing a comparable sample of the same model or a comparable model from another manufacturer) as well as travel costs. and labor within the limits of the warranty. There is no limit to the number of repairs, but if the product is completely replaced (the entire warranty period has expired), the warranty will terminate with the supply of a replacement product.
Maximum warranty period is 10 years (including 1 year manufacturer's warranty). The insurance premium can be set at 5-10% of the selling price depending on the guarantee conditions. By using a reasonable contract method, assuming the maximum amount of compensation for each department (unit), proposals can be made that have little impact on business investment activities.
According to the company, product buyers will essentially sign a maintenance contract with the manufacturer or distributor and offer a warranty as part of the product sale, but they also plan to offer Consulting at the buyer's request.
Industrial battery storage systems are expected to gain popularity as an efficient means of energy storage to stabilize electricity supply and demand. On the other hand, the problem of creating an environment for system maintenance, management and operation such as maintenance and warranty after the system is put into use is also an issue.
