Battery analytics data on screen
News

TWAICE guarantees accuracy of battery analytics

TWAICE guarantees the accuracy of the analytics results regarding the battery health condition and is backed by insurance.

TWAICE / Dec 09, 2022
Download the content

twaicetech

TWAICE helped me to learn more about: TWAICE guarantees accuracy of battery analytics read article here:

www.twaice.com/newsroom/twaice-guaranteed-accuracy-of-battery-analytics

#thinktwaice

Accuracy and health insights guarantee is insurance backed by Munich Re    

Insurance and AI (Artificial Intelligence) come together to enable peace of mind for any business working with batteries. This marks the start of a new era for de-risking batteries.

‍

TWAICE, leader in predictive battery analytics, has announced that accuracy and health insights will be guaranteed. The first of its kind contractual guarantee is backed by Great Lakes Insurances, a subsidiary of Munich Re, one of the world's leading providers of reinsurance solutions.

‍
Should the analytics outcome ever be beyond the guaranteed accuracy, the customer is indemnified eight times the amount paid for the analytics. The underlying battery condition can be determined with a clearly defined approach, giving customers full transparency and control at any time. Munich Re conducted a thorough evaluation of the analytics.

TWAICE provides predictive analytics software for companies working with batteries addressing key concerns such as health, warranty, and safety. Customers using TWAICE de-risk their battery business and outperform their peers by increasing battery performance and lifetime. Uniquely combining deep battery expert knowledge and artificial intelligence on a scalable battery analytics platform, TWAICE generates actionable insights at every step of the battery lifecycle. In addition to enabling TWAICE products, the analytics platform is a launchpad for customer and partner solutions, for example, for the joint venture Battery Quick Check with TĂśV Rheinland.

"The accuracy promise of TWAICE is the first of its kind in the battery analytics software space" said Dr. Stephan Rohr, founder and Co-CEO at TWAICE. "The insurance and due diligence by Munich Re should give manufacturers and operators of electric vehicles and energy storages the confidence to accelerate the development and deployment of batteries with the TWAICE platform."


Gallery

‍

{{gallery}}

‍

Press information:

Lennart Hinrichs | press@twaice.com

PR13 agency for public relations | twaice@pr13.de | +49 40 21993366

Webinar

Product Webinar: What’s New with TWAICE Energy Analytics (Spring '25 Edition)

Join our next product webinar and discover the latest features designed to support BESS owners and operators, improve performance, ensure warranty compliance, and maximize revenue.

View Webinar
No items found.

Related Resources

May 14, 2024
May 14, 2024

Study on BESS failures: analysis of failure root cause

A joint study by EPRI, PNNL and TWAICE analyzes aggregated failure data and reveals underlying causes for battery storage failures, offering invaluable insights and recommendations for future engineering and operation
August 7, 2024
August 7, 2024

Simulation Model for Sodium-Ion Batteries

TWAICE introduced an aging model for sodium-ion batteries, the first time a simulation model for battery aging is compatible with non-lithium batteries. This expansion will give battery operators a valuable tool in understanding how to best deploy emerging sodium-ion batteries.
March 25, 2025
March 25, 2025

TWAICE and Modo Energy Debut Integration to Quantify the Financial Impact of BESS Performance Improvements in ERCOT Markets

The battery analytics company also announced two new features to help BESS operators identify and fix performance issues that reduce availability.