Munich Re has entered into a long-term partnership with German energy provider INTILION, a provider of integrable energy storage solutions.
As part of the agreement, Munich Re will offer INTILION the ability to insure against clients’ claims arising under the Product and Performance Warranty Insurance guarantee.
The terms of the partnership include a 10-year guarantee on the performance of the large-scale energy storage system INTILION | scalecube, and a five-year warranty for the INTILION | scalecube energy storage system.
The terms of the mandate were agreed on 14 June at a ceremony during the trade fair "The Smarter E" in Munich.
André Haubrock, CEO of INTILION AG, comments: “We are proud that [Munich Re] has agreed to offer insurance covering the five-year warranty and 10-year performance guarantee that INTILION provides to its customers.”
