TWAICE AND BEARING POINT ENTER STRATEGIC PARTNERSHIP IN THE FIELD OF HV-BATTERY ANALYTICS
TWAICE and BearingPoint combine automotive expertise with a real-time battery analytics platform to create new revenue streams for the automotive industry and reduce the costs and risks of e-mobility.
- Users and operators of batteries in the automotive industry, such as OEMs, suppliers, and mobility providers are able to tap into new revenue sources and achieve cost savings based on the combination of sophisticated battery analytics with deep processual and market knowledge.
- The TWAICE software creates digital twins of high-voltage (HV) batteries to predict battery life, provide predictive maintenance scenarios, and offer real-time monitoring of batteries.
Munich/Frankfurt (Main). Management and technology consultancy BearingPoint and battery analytics software provider TWAICE have signed a long-term strategic partnership. Existing and new clients including players in the mobility and energy sector and insurances now benefit from the combined knowledge of the expert teams along the entire value chain.
The e-mobility market is constantly growing. In recent years, electric vehicle sales have been increasing at an average annual rate of 50%, but they still account for only 2.6% of global vehicle sales. So far, the main reasons for the reluctance to buy are well-known and include the low range, the lack of extensive charging infrastructure, high investment costs, and the uncertainty regarding lifetime and residual value, which arises from a lack of information about the batteries’ aging behavior.
The strategic partnership between TWAICE and BearingPoint provides an end-to-end perspective on battery analytics, monitoring, and life cycle management by using artificial intelligence. TWAICE offers in-depth expertise in battery analytics with cloud-based software, which enables precise real-time simulations and predictions of battery aging processes. BearingPoint has extensive experience and expertise in core automotive and e-mobility processes, contributing to the seamless integration of the TWAICE software into both existing and new business models. This combination of technological innovation and market expertise enables clients to identify and implement new business models in the field of battery analytics along the entire automotive value chain.
Multiple use cases with predictive battery analytics can be realized, ranging from optimized R&D and production over decreased warranty costs to optimized fleet management. Another application area is the second life of batteries, which includes for example the integration of used batteries into energy storage systems.
The TWAICE and BearingPoint partnership will help clients to gain comprehensive knowledge and transparency about the factors that influence batteries and to improve the state of health in both the short and long run using the approach of predictive analytics.
Dr. Stefan Penthin, Global Leader Automotive at BearingPoint: “Partnering with TWAICE enriches our existing expertise in battery and predictive analytics to support our clients along the entire value chain. With the capability to combine technical know-how and business requirements, we enable our clients across industries to face the challenges of high-voltage battery management. Therefore, the usage and state-of-health are being analyzed, monitored and optimized, and the findings transferred into individually defined business use cases.”
Dr. Michael Baumann, Co-Founder and Managing Director of TWAICE: “Players in the mobility and energy sector are increasingly relying on batteries. Together with our partner BearingPoint, we can address the challenges associated with batteries and enable OEMs, fleet managers, and energy providers to make a profitable transition to a battery-powered and electric future. The combination of BearingPoint’s extensive industry expertise with our in-depth battery know-how and advanced battery analytics solutions creates maximum customer value.”
TWAICE provides predictive analytics software that optimizes the development and operation of lithium-ion batteries. TWAICE’s core technology is the digital twin – a software that combines deep battery knowledge and artificial intelligence to determine the condition and predict the aging and performance of batteries. This makes complex battery systems more transparent, effective, and reliable. As the leading battery analytics software for global players in the mobility and energy sectors, TWAICE is committed to increasing the lifetime, efficiency, and sustainability of the products that power the economy of tomorrow.
BearingPoint is an independent management and technology consultancy with European roots and global reach. The company operates in three business areas: The first division comprises the classic consulting business; Business Services as the second division offers customers IP-based managed services beyond SaaS; in the third division, BearingPoint provides software solutions for successful digital transformation, advanced analytics, and regulatory requirements and develops new, innovative business models together with customers and partners.
BearingPoint’s customers include many of the world’s leading companies and organizations. BearingPoint’s global network of more than 10,000 employees supports clients in over 75 countries and is committed to working with them to achieve measurable, long-term business success.
More information: www.bearingpoint.com