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Rising Energy Demand
"44 Percent of New Power Generation is Expected to Come from Renewable Energy."
Peak U.S. demand for electricity is forecast to increase by more than 135,000 megawatts, or 18 percent in the next 10 years. Yet, committed power generation resources that can be relied on are projected to increase by only 77,000 megawatts, or 8.4 percent.In response, schools, office buildings and other locations are increasingly using alternative energy, such as micro-turbines, hydrogen fuel cells, diesel generators, solar, wind turbines, and more, creating new insurance exposures.
No longer used only for back-up power, these alternative energy technologies are used regularly to help meet a building's energy needs. That means new equipment risks where they didn't exist before and higher insured values.
In order to protect your customers, you must understand their equipment and business exposures. HSB has technical knowledge and experience. We are your source for the latest equipment breakdown coverage and services.
