FM Global starts new business area: Support for the energy transition!
FM Global starts new business area: Support for the energy transition!
FM Global, one of the largest industrial insurers in the world, has launched a new division for renewable energies to support customers in the energy transition. The company announced this initiative at the Riskworld conference in San Diego. The aim is to help companies that want to switch to alternative energies with research, innovation and technical know-how. Doug Patterson, the head of the new area, emphasized the urgency in view of the increasingly complex risks in the industry. Almost 70 years of experience in the energy industry brings FM globally, including expertise from the areas of hydropower, biomass and waste use, such as added.
research and innovative solutions in the focus
The newly introduced business unit will focus in particular on the further development of standards and technologies in order to prevent losses in large solar and wind turbines as well as battery storage systems (BES). From July this year, FM Global will offer a special policy for renewable energies in the USA, while an additional policy for construction projects will follow next year. These policies are designed to offer comprehensive protection from the planning and construction phase to regular operation. Overall, these measures should not only help the individual customers, but also benefit the entire industry, which is in a rapid change, according to FM Global.
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