Image: Accure Battery

Accure Battery Intelligence has secured $16 million (15.6 euros) in an oversubscribed Series B round, led by Incharge Capital Partners, a joint venture of Porsche SE and DTCP.

This funding will help fuel the company’s accelerated growth across Europe, the Americas, the Asia Pacific, and other regions to meet growing demand.

On the same day, Accure announced one of its biggest deals to date under which it has deployed its AI predictive analytics platform at four Texas energy storage projects.

With a cumulative storage capacity of 730 MWh, the projects are part of a BESS-focused investment strategy at UBS Asset Management. The investment manager acquired the assets in 2022.

“Increasing the safety and performance of battery energy storage systems (BESS) is a priority for us. ACCURE’s predictive analytics platform not only streamlined our commissioning process but also improved safety and performance, ensuring we’re ready to meet the energy demands of the Texas grid,” said Mark Saunders, co-head of energy storage at UBS Asset Management.