Energy Storage News•about 14 hours ago
Battery data analytics software specialist TWAICE nets European Investment Bank funding
Key Takeaway
Increased investment in battery data analytics tools like TWAICE's will enhance the performance, longevity, and reliability of energy storage assets, directly benefiting developers and large power consumers.
AI Summary
- •Battery data analytics firm TWAICE secured €24 million (US$28 million) in funding from the European Investment Bank (EIB).
- •This investment supports the expansion of TWAICE's cloud-based software, which provides insights into battery health and performance.
- •For developers and large power consumers, this signifies growing financial backing for tools that can improve battery asset reliability, reduce operational costs, and enhance ROI in energy storage projects.
Topics
financingstorage