Predictive battery analytics supplier TWAICE is so assured within the accuracy of its knowledge, it’s keen to offer insurance coverage. The corporate’s contractual assure is backed by Nice Lakes Insurances, a subsidiary of reinsurance large Munich Re.

TWAICE offers predictive analytics software program for firms working with batteries, addressing key considerations equivalent to well being, guarantee and security. TWAICE’s scalable analytics platform combines professional battery data and synthetic intelligence, and is designed to generate actionable insights at each step of the battery lifecycle.

Below the brand new assure, ought to the analytics final result ever be past the assured accuracy, the client will likely be indemnified eight occasions the quantity paid for the analytics. The underlying battery situation may be decided with a clearly outlined method, and Munich Re carried out a radical analysis of the analytics.

“The accuracy promise of TWAICE is the primary of its form within the battery analytics software program area” mentioned Dr. Stephan Rohr, founder and Co-CEO at TWAICE. “The insurance coverage and due diligence by Munich Re ought to give producers and operators of electrical automobiles and vitality storage the arrogance to speed up the event and deployment of batteries with the TWAICE platform.”

Supply: TWAICE