Advanced Warranty

Managing Warranties Between Asset Owners and Warranty Providers

Effective Warranty Management Is Challenging

Batteries are consumable assets that are sensitive to usage and ambient conditions. Warranties provided by the industrial batteries’ OEM may contain stringent terms which, if not complied with, can essentially void the warranty. Considering that most projects are financed by a third party, this situation poses a significant risk to an investment scheduled to be paid off in 10 to 20 years.

Effective battery warranty management is a key challenge for asset owners and operators. The warranty management module within RenewanceConnectTM enables quicker and better claim resolution through claim digitization, warranty flow automation, and streamlining analysis, disposition, and fulfillment.

Renewance also has experience in managing industrial battery warranties and is uniquely positioned to help manage the warranty between the asset owner and the warranty provider, who is generally the OEM, system integrator, or the engineering, procurement, and construction (EPC) contractor. Our software and execution expertise streamline the process and automate battery warranty data submission, analysis, disposition, and fulfillment, all of which can be extremely complex.

Common Warranty Management Needs

Unfulfilled warranty claims represent wasted value through missed vendor recovery
Multiple parties in the Energy Storage System (ESS) value chain with disparate warranties make warranty management time-consuming and inefficient to navigate
Contract terms and conditions vary by project, making it difficult to ensure that all obligations are met
Warranty metrics are not readily available, making measuring potential margin erosion cumbersome

Renewance Warranty Management Solution

By establishing close engagement and interfacing with key battery and other ESS component OEMs, claim digitization, and warranty flow automation, Renewance accelerates warranty submission and fulfillment throughout the life cycle, from commissioning through battery degradation and waste battery management. All this is done via the highest levels of regulatory compliance and through best-in-class recycling and repurposing technologies.

Contractual and actual battery system usage can make warranty claim management difficult. Efficient warranty management requires having data and terms managed in ways that ensure successful disposition. Renewance products and services help address these challenges for a range of battery types and numerous applications through our unique position in the industry. We offer:

Single source for managing battery warranties throughout the life cycle
Fully automated process that facilitates interactions among all parties and reduces overall cycle time
Auto-validity check of submitted claims to ensure only valid claims are submitted
Full suite of key warranty metrics

Warranty claims can be programmed during the commercial or startup phase of a project. Battery asset owners can make claims to warranty owners throughout the project life cycle; both parties can interact on related claims, capturing time-based interactions.

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Effective Warranty Management Is Challenging

Common Warranty Management Needs

Renewance Warranty Management Solution

Partner with Renewance to Manage Your Industrial Batteries from Start to Finish