TH!NXLetter #7: Insights from BESScon, Innovations in Battery Logistics, IoT and Risk Management Trends, Discover the HDI TH!NX IIoT Campus

Welcome to the 7th edition of our TH!NXLetter! We truly appreciate your continued interest and support, whether you're subscribed to our newsletter or?following us on LinkedIn. Your involvement helps keep our community thriving, and we're excited to share more with you.?

Your Team from HDI TH!NX

1?- BESScon 2024: Advancing Battery Safety, Predictive Analytics and Insurability

The conference at the HDI TH!NX IIoT Campus brought together leading minds from the energy sector to tackle one of the industry's most pressing challenges: the safety and insurability of battery energy storage systems (BESS). With growing demand for reliable energy solutions, especially amid the ongoing energy transition, BESScon shed light on crucial developments that are shaping the future in both industrial and residential contexts. Among the key topics were strategies for extending battery life through effective management practices. Attendees explored how optimal storage conditions can significantly reduce degradation and improve efficiency, and highlighted the importance of proactive maintenance in extending the usability of battery systems (Speaker:?Jonas van Ouwerkerk). The conference also highlighted the importance of predictive analytics and big data in the BESS sector. By adopting these technologies, companies can monitor battery performance in real time, leading to improved system stability and reduced risk. Not only does this predictive approach enhance operational safety, but it also promotes greater transparency in risk management, which is essential for the development of tailored insurance solutions that address the unique challenges facing the industry (Speakers:?Dr. Christian Offermanns,?Eric Najda). Pressing safety issues related to battery fires were also tackled in detail. Participants discussed effective prevention measures, with a particular focus on strategies to mitigate the risks associated with thermal runaway. These findings provided actionable recommendations for improving safety protocols in battery operations (Speaker:?Rainer Kiefer).

Want to catch a glimpse of the event? Check out our video for highlights and impressions from BESScon!

2 - TraWeBa: Shaping the Future of Battery Logistics and Predictive Analytics

This summer, leaders from the battery and automotive industries gathered at our HDI TH!NX IIoT Campus for an inspiring networking event focused on two pivotal topics: safe battery logistics and predictive analytics - key drivers of tomorrow's mobility and energy storage solutions.

The event showcased breakthroughs in battery manufacturing and highlighted how predictive analytics can revolutionise battery systems by identifying and mitigating risks early, thus optimising safety and extending battery lifecycles (Speaker:?Dr. Kai-Philipp Kairies). As the demand for electric vehicles increases, the safe transportation of batteries and vehicles is more essential than ever. Participants explored innovative solutions, such as state-of-the-art fire suppression systems and streamlined logistics, to tackle these challenges (Speaker:?Kai Brüggemann).?Furthermore, the need to foster regional partnerships and collaboration between industry players was a recurring theme, recognised as vital to improving the entire battery value chain - from research to recycling (Speaker:?Dr. Jens Katzek).

Interested in knowing about future events on our campus? Follow us on?LinkedIn?and stay up to date!

3?- Discover the HDI TH!NX IIoT Campus

Want to dive deeper into the innovative offerings of our HDI TH!NX IIoT Campus? Don’t miss our new video showcasing all that we provide!? Watch now and reach out to us at?[email protected] to explore collaboration opportunities!

4?- Exploring AI and IoT in Industrial Insurance at the GVNW Symposium

At the end of August, our Managing Directors,?Dr. Verena Brenner?and?Christian Endter, took to the stage at the GVNW Symposium 2024 in Munich to discuss the latest developments in smart risk management through IoT. At this event, industry leaders came together to explore how cutting-edge technology is reshaping the risk management landscape.?

Alongside colleagues from ECE and Chubb, they showcased the transformative power of IoT and AI in optimising existing buildings. One of our highlights was ECE's announcement of the nationwide rollout of?Leak360, our innovative sensor-based leakage solution that provides instant leak detection, improves water efficiency and supports ESG efforts. Furthermore, their presentation highlighted how these improvements align with key business objectives, unlocking new opportunities to improve insurance strategies and strengthen collaboration between clients, insurers and software providers.

Want to follow up on topics discussed at the GVNW Symposium, such as AI and IoT in Risk Management??

Then be sure to tune in to the 'Industrial Insurance Digital' Podcast with our MD,?Dr. Verena Brenner. Within the episode, she delves into how IoT improves risk management by effectively monitoring various assets - from early leak detection to managing wind turbines and battery storage systems.

Curious to learn more? Hit the Link below and tune in now!

To listen to Verena speaking live, you can do so on 10th of December at the?SZ-Fachkonferenz.

5?- Upcoming Event: Windkraft als kommunaler Wirtschaftsmotor?

Join our conference on 5th of December 2024 and discover the transformative power of wind energy for communes and public utilities! In presentations by leading experts, you will learn how wind power projects can provide new economic impulses. Take advantage of our mini fair to make valuable contacts with innovative providers and engage in discussions with representatives from local utilities, citizen initiatives, and investors about the challenges and opportunities in your region!

Don't miss out—secure your spot today and register now!

???? The conference will be held in German language.

6 - TH!NXPedia: What is Thermal Runaway?

Thermal runaway is a critical safety issue in lithium-ion and lead-acid batteries, occurring when increased temperature triggers a self-reinforcing cycle of heating that can lead to battery failure, fire, or explosion. This process unfolds in three phases: initially, there is slow self-discharge that produces low heat levels, often unnoticed. This is followed by rapid self-discharge, which dramatically increases heat generation, making it increasingly difficult to control. Finally, complete self-discharge results in extreme, uncontrollable heating that can lead to catastrophic fires.

Key factors contributing to thermal runaway include high ambient temperatures, flammable materials, and internal short circuits, often caused by mechanical stress. To mitigate these risks, it's essential to implement robust monitoring strategies and safety measures, such as advanced temperature sensors and effective heat dissipation systems. By understanding thermal runaway and proactively addressing it, you can enhance the safety and reliability of battery storage systems, ultimately protecting your investment and ensuring peace of mind.