Green Hydrogen Industry

There are Not Cuckoos. Part II. INSURERS in Green Hydrogen Industry

There are Not Cuckoos. Part II. INSURERS in Green Hydrogen Industry
Their crucial role in making hydrogen projects commercially viable for investors. A brief non exhaustive outline focused only to improve your insurance policy.

We should permanent divulgate high quality information & best practices to achieve societal acceptance. Insurers products should provide a reasonable risk transfer. Please, to check, complete, improve & correct this brief outline with experts is mandatory for you, always.

FIRE & EXPLOSION HAZARD

To consider: Iidentify leaks with dedicated detectors, pay attention to self-ignition & potential infrastructure rupture. Around 25% of losses comes from leaks. Inadequate ventilation & purging Hydrogen equipment must be located outdoors.

BUSINESS INTERRUPTION – THIRD PARTY LIABILITY – TERRORISM – OTHERS
Industrial gas companies already manage risks inherent to distributing liquid and highly pressurized gaseous hydrogen.

To consider: appropriate insurance policy wording checking the details.

ELECTROLIZERS
Damages from electrolysis cell, membranes, etc.

To consider: expert engineers should offer guidance on the selection of the best technology adjusted to the facility’s lifetime, improving the insurability of a project.

STEEL EMBRITTLEMENT DUE HYDROGEN CONTACT

To consider: Specialist hydrogen risk engineering input right from the start can be crucial to the insurance process.

SECONDARY EXPLOSION PROTECTION

To consider: usually due electrical failures. Proper earthing. Expert engineers’ designers checking any technical detail of the project including the most safety lay out.

NEWER PLAYERS VENTURES NOT FAMILIR WITH CRITICAL EXPOSURES

To consider: Include expert insurances risk advocates addressing key risks from the beginning

FLAMMABILITY OF HYDROGEN

To consider: health & Safety expert should check any potential risk of air hydrogen combination always.

TERTIARY EXPLOSION PROTECTION

To consider: Balance of plant, storage, containers, etc., must be designer by specialist engineer from the scratch to support risk advocate to ensure a proper insurance policy.

BREAKDOWN & BUSINESS INTERRUPTION IN SPARE PARTS

To consider: selection of balance of plant components, specially electrolizer technology or heat exchangers are crucial for the lifetime of the project improving the insurability of a project.

STORAGE, TRANSPORT, HANDLING.

To consider: Identifying hazards and defining risk mitigation measures, training of staff, proper leaks detection & isolated, proper ventilation, avoiding accumulation, to secure the integrity of the system, an appropriated fire safety equipment & systems, emergency alarms, emergency systems.

This publication did not address protection measures against fires, risks, emergencies, accidents, or disasters once they have occurred.

Please check the following link https://lnkd.in/duxthVBF

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