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TESVOLT Acquires a Stake in Software program Firm Wendeware and Secures a Technological Benefit in Power Administration

  • Wendeware possesses technologically modern, clever power administration programs used, amongst different issues, for optimizing power storage programs.

  • Wendeware software program is thus meant to turn into extra deeply built-in into TESVOLT battery storage programs to additional optimize power demand forecasts.

  • TESVOLT and Wendeware have a shared intention: to drive ahead the power transition comprehensively.

WITTENBERG, GERMANY / ACCESSWIRE / November 24, 2022 / TESVOLT AG, one of many main firms in expertise for power storage within the industrial and industrial sectors, is buying a considerable stake in Wendeware AG, an modern software program producer within the space of ​​power administration . The funding kinds a part of TESVOLT’s development technique and is anticipated to facilitate essential technological progress in power storage programs.

Wendeware is a spin-off firm of the Fraunhofer Institute for Industrial Arithmetic. Its power administration system based mostly on synthetic intelligence collects power information and makes use of it to optimize power storage system management, amongst different issues. Wendeware has established its place as a expertise chief and places its software program resolution to work in nationwide and worldwide initiatives. TESVOLT and Wendeware have been working collectively efficiently for about two years. With this funding, the intention is for the Wendeware power administration system to turn into extra deeply built-in within the TESVOLT battery storage system product vary. It will allow TESVOLT to additional enhance the yield and cargo forecasts for its storage programs, enabling them, for instance, to react much more flexibly to modifications in power demand.

TESVOLT’s funding in Wendeware comes as a part of a capital improve and supplies TESVOLT with a blocking minority curiosity. Each events have agreed to not disclose the precise quantity of the funding.

Simon Schandert, Co-Founder and CTO of TESVOLT: “Wendeware and TESVOLT are pursuing the identical intention: to have the ability to provide inexpensive renewable power in each nook of the world. The clever power administration system from Wendeware may be very effectively suited to our power storage programs and supplies us with a technological benefit.Varied income potentialities for finish clients additionally outcome from this, that means the programs pay for themselves much more shortly.We’re delighted to deepen our trusting collaboration with Wendeware and proceed driving ahead the power transition collectively. “

Jochen Marwede, Co-Founder and CEO of Wendeware: “TESVOLT is the right accomplice to help us in our growth work. As a number one buyer, the Wittenberg firm has already had a big affect on our software program previously and efficiently applied many complicated initiatives with us.With TESVOLT’s funding we are able to now construct on these experiences, strengthen our growth workforce and concentrate on our expertise management.Like TESVOLT, we see storage programs as an integral part of the power transition, and the clever networking and management of era , consumption and storage as an more and more important component in its success.”


TESVOLT AG focuses on battery storage programs for the industrial and industrial sectors. The modern firm produces clever lithium storage programs with energy scores from 30 kilowatt hours by to a number of megawatt hours. TESVOLT makes use of high-performance battery cells from Samsung SDI. TESVOLT manufactures its industrial storage system options in sequence in its personal Gigafactory for industrial battery storage on the Wittenberg web site and delivers them worldwide. Since 2014, TESVOLT has applied greater than 4,000 storage system initiatives worldwide and employs greater than 180 individuals. The corporate has already acquired a number of awards, together with the German Entrepreneur Award within the “Rising Stars” class, “Innovator of the 12 months” from the “TOP 100” and the smarter E Award within the “Excellent Initiatives” class.

About Wendeware

Wendeware AG is a spin-off firm of the Fraunhofer Institute for Industrial Arithmetic (ITWM), the place the event of its power administration system began again in 2011. From this utilized analysis, a product emerged that displays and controls power turbines, customers and storage programs, no matter producer. Clever algorithms, partly based mostly on synthetic intelligence, facilitate power administration methods for fixing complicated issues, throughout totally different properties and in actual micro-grids. Wendeware AG was based in 2019 and has since established itself internationally with many shoppers. Based mostly on Wendeware’s long-term analysis and growth cooperation with the Fraunhofer ITWM, clever options will proceed to feed into its merchandise sooner or later.

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