Management and technology consultancy BearingPoint, Amsterdam, Netherlands, and battery analytics software provider TWAICE Technologies GmbH, München, Germany, 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 lacking knowledge 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 partnership of TWAICE and BearingPoint 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.
Christoph Landgrebe, Partner at BearingPoint: “The usage of battery analytics enables mobility providers and vehicle manufacturers to offer services to their customers which are sustainable in both ecological and economical terms. With customers requiring reliable, sustainable, and affordable mobility solutions, electric vehicles are becoming increasingly popular worldwide. And as batteries are the main cost driver of electric vehicles, it is essential to analyze and understand the factors influencing batteries and how they can be controlled. Together with our partner TWAICE, we support our customers with predictive battery analytics across the entire value chain to improve the state of health and reduce costs.”
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.”
About TWAICE
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.
About BearingPoint
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.