EIB Invests €24 Million in TWAICE to Accelerate the Energy Transition with Predictive Battery Analytics
Luxembourg, Feb. 5 -- TWAICE, the analytics platform built for real-world battery energy storage operations at scale, has secured €24 million in financing from the European Investment Bank (EIB), provided as a long-term venture debt loan, backed by the InvestEU programme.The financing will accelerate TWAICE's growth as electrification drives rapid expansion across both battery energy storage systems and electric vehicle markets, increasing demand for predictive analytics and advanced battery expertise. Predictive analytics enables battery developers to anticipate degradation, optimize performance, and extend lifetime, which is crucial for reliable, safe and cost?effective electric storage solutions. By learning from vast real?time and...
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