Proven strategies to de-risk your production journey
At Tharsus, we de-risk your production journey, ensuring smooth product development and market success.
De-risking your production journey is essential to avoid costly delays and disruptions. Imagine your company’s product manufacturing journey coming to a halt due to a single supply chain disruption. A critical component that was scheduled to arrive on-site is delayed by three weeks, leading to halted production, missed deadlines, and additional costs.
At Tharsus, we’ve seen it happen and know how to prevent it.
Bringing a new electrification product to market is inherently risky. Complex supply chains, shifting regulations, and integrating new technologies can all disrupt your development process and lead to costly setbacks. This is where Tharsus can help. By embedding risk management at every stage of product development, we help our partners avoid common pitfalls and maintain project momentum.
Contact us today to see how we can help you de-risk your production journey.
Identifying critical risks in electrification and energy product manufacturing
In the product manufacturing industry, production risks include fluctuating supply chains, regulatory changes, and the complexity of integrating new technologies. Effectively managing these is critical for maintaining project momentum and avoiding costly setbacks.
Supply chain volatility and de-risking your production journey
Supply chain disruptions can lead to delays and increased costs. According to a report by the International Renewable Energy Agency (IRENA), the complex supply chains required for new technologies, such as energy storage systems and advanced automation solutions, are particularly vulnerable to geopolitical shifts, raw material shortages, and fluctuating demand.
Tharsus uses predictive analytics to monitor supplier performance and anticipate potential issues. This allows us to proactively adjust production timelines, reducing the risk of disruptions that could halt project progress. As the Energy Profits Levy encourages traditional industries to redirect capital toward green investments, supply chains are increasingly pressed to meet the demand for sustainable technologies. Tharsus’ predictive analytics, combined with flexible supply chain planning, ensures your production journey stays agile and disruption-resistant amid this sector shift.
Regulatory uncertainty in energy product development
Regulatory changes can alter the requirements for compliance, especially in highly regulated industries like energy. For example, policies such as the UK’s Clean Growth Strategy have shifted the landscape of renewable energy investments, affecting project viability and leading to potential rework in compliance strategies.
Tharsus’ compliance team stays ahead of regulatory trends, ensuring that every product is designed to meet both current and future compliance standards, which minimises the risk of rework and costly adjustments.
Integration of new technologies and de-risking the production journey
Implementing emerging technologies, such as AI or hydrogen systems, introduces unknown factors. The MIT Energy Initiative (Massachusetts Institute of Technology) emphasises that the integration of innovative solutions like AI-based grid management or hydrogen storage needs a flexible approach, as compatibility issues and unexpected operational challenges can arise.
Tharsus’ Solve + Scale + Supply process builds flexibility into the development cycle, allowing for rapid iterations and adjustments to ensure seamless technology integration. This helps de-risk your production journey.
Strategies for de-risking your production journey
Navigating these risks requires a structured and strategic approach. Tharsus employs multiple risk management strategies throughout the product lifecycle to ensure reliable, market-ready outcomes.
Comprehensive testing and prototyping
Conducting rigorous testing throughout the development cycle helps identify potential issues early, preventing costly setbacks during production. For example, the Department of Energy’s Energy Storage Grand Challenge focuses on data-driven validation of new storage technologies to ensure that potential risks are caught and addressed before scaling to production.
Tharsus’ Approach: Tharsus’ Solve phase includes early-stage prototyping and extensive testing under real-world conditions. By addressing technical risks upfront, Tharsus ensures that only optimised solutions move forward to the scaling phase, helping you de-risk your production journey from the start.
Quality control protocols
Maintaining a strong focus on QA (Quality Assurance) at every stage ensures that each part of the product development is aligned with industry standards and client specifications. The DOE’s Grid Storage Launchpad provides a framework for independent testing under realistic grid conditions.
Tharsus’ Approach: Tharsus uses multi-stage quality control protocols that align with ISO 9001 standards. These protocols ensure that every component and process meets strict performance criteria before scaling to production, keeping your production journey de-risked at all stages.
Scenario planning and flexibility
Preparing for market volatility and supply chain disruptions through scenario planning allows companies to respond quickly to changing circumstances. This involves creating flexible production frameworks that can adapt to unexpected changes in demand or regulatory environments.
Tharsus’ Approach: Tharsus’ Scale phase is built around adaptability. Using modular production techniques and digital twins, Tharsus can quickly pivot production strategies to accommodate sudden changes, ensuring your production journey stays on track and is de-risked.
Integrated risk management frameworks
The MIT Energy Initiative stresses the need for structured frameworks that combine innovation strategies with practical risk-mitigation tools. This approach includes supply chain monitoring, compliance tracking, and scenario analysis to reduce both technical and market-related risks.
Tharsus’ Approach: Tharsus integrates comprehensive risk management tools across its Supply phase, monitoring supplier reliability, regulatory compliance, and production capacity to prevent disruptions, supporting your de-risked production journey from start to finish.
The Tharsus approach to de-risking: Solve + Scale + Supply
Our structured Solve + Scale + Supply process ensures that risk management is embedded into every stage of the product development journey, helping you de-risk your production journey.
- Solve: Validate and test concepts early, identifying and resolving technical risks to prevent delays.
- Scale: Refine designs for reliable volume production while maintaining strict quality and regulatory requirements, helping you avoid costly disruptions.
- Supply: Build a robust supply chain to ensure stable and predictable delivery, even under volatile conditions, supporting a de-risked production journey.
Ready to bring your product to market with confidence?
Risk is inevitable when introducing new electrification and energy technologies to the market, but it can be managed effectively with the right strategies. By implementing comprehensive testing, maintaining strict quality control, and preparing for various scenarios, energy companies can significantly reduce project risks and de-risk their production journey.
At Tharsus, our Solve + Scale + Supply process is designed to help companies de-risk their production journey. We ensure that every product we develop is reliable, scalable, and ready to meet the demands of a rapidly changing energy market. If you’re looking to mitigate risks in your product development, contact us today to learn how we can help you navigate the complexities with confidence.