TWAICE SELECTED AS THE LEADING CLEANTECH COMPANY OF EUROPE AND ISRAEL
TWAICE has been announced winner of the 2021 Global Cleantech 100 European Company of the Year
- TWAICE highest ranked of all European (and Israel) companies
- Predictive battery analytics solution judged best response to the recent surge in battery progress
- Funding and partnership successes convinced expert panel
Munich/ San Francisco, 25 January 2021. A Global Cleantech 100 company for the first time this year, Munich-based software company TWAICE has also won the group’s European Company of the Year award. The Cleantech Group makes several different awards annually to the companies with the most promising solutions for a more digitized, de-carbonized and resource-efficient world. Company of the Year was awarded in each of three regions to the highest-ranked company from that region:
- North America: Carbon Engineering, developer of technologies for the capture of carbon dioxide from the atmosphere at industrial scale.
- Europe & Israel: TWAICE, developer of predictive analytics software for batteries
- Asia Pacific: Dishangtie (DST), provider of charging and management solutions for new energy vehicle fleets.
“We are delighted and honored to receive this prestigious award,” said Dr Michael Baumann, TWAICE’s Managing Director and Co-Founder. “Seeing our work recognized in this way and at such a high level is extremely gratifying and a tribute to the whole TWAICE team”.
“In its 17-year history, the Cleantech Group has always recognized and celebrated successes and noteworthy moments and people in our ecosystem, all part of their championing of sustainable innovation mission”, said Richard Youngman, CEO of the Cleantech Group.
Regarding the expert panel’s decision to choose TWAICE, he continued: “We were thinking particularly of TWAICE’s successful funding round in March and their partnership with Munich Re, providing the first performance warranty insurance for Li-ion batteries based on their monitoring and analytics”.
TWAICE predictive battery analytics is an enabler for green energy and e-mobility. Electric vehicle players along the lifecycle are empowered to optimize the development and operation of their batteries. Energy companies around the globe benefit from profit-optimized operating strategies and extended operating ranges for their battery storages. Furthermore, these storages can be covered by Munich Re insurance solutions, based on the TWAICE analytics. As Dr Michael Baumann emphasized, “We see synergies that will lead to a merging of the two industries, the common denominator being a greater understanding and optimization of battery design and use. This is the key to sustainable technologies in Europe and further afield.”
The Global Cleantech 100 is a selection of the most innovative and promising companies that will aid the transition from climate chaos to transformation. The annual list contains the private, independent and for-profit companies best positioned to drive sustainability and change.
About Cleantech Group
At Cleantech Group, we provide research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. We bring clients access to the trends, companies and people shaping the future and the customized advice and support businesses need to engage in external innovation.
Industries are undergoing definitive transitions toward a more digitized, de-carbonized and resource efficient industrial future. At every stage from initial strategy to final deals, our services bring corporate change makers, investors, governments and stakeholders from across the ecosystem the support they need to thrive in this fast arriving and uncertain future.
The company was established in 2002 and is headquartered in San Francisco with people based in London, Paris and Boston.
Kristin Macdonald, Cleantech Group
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 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.