the following article was dated 27.9.22 and has useful...

the following article was dated 27.9.22 and has useful information about UL 1973:
https://www.energy-storage.news/ul1973-safety-certification-opens-doors-speeds-up-project-development-flow-battery-maker-invinity-says/

Anglo-Americanflow battery provider Invinity Energy’s recent attainment of a key safetycertification will open up doors for its technology and streamline complicatedproject development steps.

While projects can be done without them, beingcertified to standards like UL1973 and NFPA855 makes the “mind numbing” processof going through site-level permitting, commissioning and other developmentstages much shorter, Invinity chief commercial officer (CCO) Matt Harper said.

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Having the right certifications is important for bankability, making itmuch easier for developers to get project financing and therefore playing avital role in their decision-making process on selecting technologies andtechnology providers.

According to Matt Harper though, certifications matter from end-to-endthroughout the whole development process.

“Even before you get to questions of bankability, if you’re trying toinstall a battery in the grid that doesn’t have those kinds of certifications,you could do it and we’ve done it, but it’s just a mind-numbing process. Ittakes a lot longer to go through the site-level permitting, go through thecommissioning process, to get everything signed off.

“Whereas if you’ve got, UL1973 or UL9540 certification, then the localelectrical inspector is going to look at and say, ‘Ok, you’ve met that, you’vemet the national standard, just go ahead’.”

Important proof pointfor bankability

To think about the broader question of bankability, providers need to beable to show customers their technology will do what it’s claimed it can doover the lifetime of the project. For companies working in a less maturetechnology like VRFBs, as opposed to lithium-ion batteries, there is no “magicbullet” that will make a system bankable.

However, alongside third-party verifications of system performance or ofvarious aspects of system performance, safety standards and certifications“start to build a case” for bankability.