Battery pack manufacturers and insurers are building a system to monitor electric vehicle batteries in real time and offer dynamic warranties based on live health data. The problem is that new battery components lack the years of failure history that traditional insurance models rely on. Without a warranty, smaller battery suppliers cannot get their products to market. This project, called Pozibot, combines quantum-based asset tagging with AI-driven data analysis to create an unforgeable record of each battery’s state-of-health, remaining value, and expected lifetime. The warranty provider can then adjust coverage dynamically based on actual usage and degradation, rather than historical averages. If successful, Pozibot could remove a major barrier for smaller UK battery pack manufacturers, allowing them to compete with larger suppliers. It would also enable insurers to offer prescriptive maintenance advice, reducing the risk of sudden battery failure in electric vehicles. The project directly addresses measurement challenges identified by the National Physical Laboratory in its 2017 report on the battery industry’s energy transition needs.
View original technical description
"Project Pozibot brings together prominent organisations involved in battery development from university to a battery pack manufacturer, to a BMS developer, to a niche EV market manufacturer and a leading FCA regulated Insured Warranty provider from the LLoyds' and London insurance market. The aim of Project Pozibot is to enable a new type of dynamic insured warranty to be developed, covering components too young for traditional history-based risk calculations. It will enable partnerships between insurance providers and smaller (local) battery pack suppliers removing market entry barriers; Pozibot will play a significant role in the development, and real-life rollout, of next generation batteries. Battery packs need remote monitoring for predictive maintenance, to flag high-level information such as state-of-health, predictions of remaining asset value and lifetime enabling a modern dynamic warranty insurance product which, with the help of AI, goes beyond traditional risk calculation and forecasting and enables the insurance provider to conduct prescriptive analytics based on real-time battery health and usage data. Using patented quantum-based asset tagging technology enables an unforgeable logging and monitoring system for battery packs. Cells and battery level suppliers need a warranty to get their products to market. The warranty provider needs the data to provide the insured warranty. Project Pozibot will deliver a warranty thus supporting a significant UK industry initiative at each point in the supply chain. The project responds to many of the challenges on measurement needs within the battery industry identified by the National Physical Laboratory report on Energy Transition: Measurement needs within the battery industry (c)NPL Management Ltd 2017\."
Plain English summaries and category classifications on this site are generated by AI and may not perfectly reflect the original research.
Is something wrong? Let us know