Credit checklist
Lender BESS due diligence checklist for project finance teams that need a harder downside read
Use this checklist when the battery story has to survive lender, adviser, and credit-committee scrutiny. The goal is not more paperwork. It is to test whether usable capacity, degradation, telemetry quality, and operating history actually support the financing case.
The checklist
1Request raw or near-raw BMS, SCADA, and historian exports, not only presentation-layer dashboards
2Test usable capacity against the health number being used in the financing case
3Review degradation mode, not just the headline SoH figure
4Check whether derating, thermal stress, or rack divergence is already visible in the operating history
5Assess telemetry completeness, timestamp integrity, and missing windows before relying on any conclusion
6Reconcile dispatch and cycling history against the downside assumptions embedded in the credit case
7Confirm whether warranty position, remediation history, and augmentation needs have been represented cleanly
8Translate the technical read into lender-grade language: proceed, reprice, reserve, tighten covenants, or monitor
Operating posture
Scoped data handling
•Encrypted review workflow
•Customer-controlled deployment options
•Direct principal review