TWAICE, a German battery analytics software company founded in 2018 which already counts Audi and Daimler as well as European energy utility companies amongst its customers, has raised US$26 million in a Series B funding round.
TWAICE, a software company headquartered in Munich, has launched a platform aimed at helping energy storage system operators manage the profitable use of their assets against the impact that has on the health of their batteries.
Battery storage systems can deliver multiple services and provide customers and sites with backup power, but their value in doing so remains largely dependent on “highly sophisticated” software.
Dr Kai-Philipp Kairies, a battery scientist and CEO of battery software start-up ACCURE, spoke to Andy Colthorpe about how his company aims to be a ‘software-as-a-service’ provider in negotiating the complexity of managing batteries.
An analytics platform developed by India-headquartered startup ION Energy will help US project developer esVolta improve operational efficiency across its near 600MWh portfolio of battery storage systems.
UK-headquartered distributed energy services provider Kiwi Power has made its first official expansion into the US, operating in the ERCOT market of Texas and planning a further step into the PJM Interconnection service area.
The software platform now incorporates data from a SolarEdge inverter, meaning clients can run residential storage dispatch simulations and work out the optimum schedule for operations.
Today, energy storage projects often fail to deliver value because of economic miscalculations. These computational issues, however, can now be mitigated by applying software, analytics and machine learning, write Enrico Ladendorf and Bryce Evans of Pason Power.
