Rimac Technology Launches Energy Storage Brand Rimac Energy

Electric vehicle (EV) developer Rimac Technology has announced its entry into the stationary energy storage systems (ESS) market with a new brand, Rimac Energy.  The group has created a novel battery architecture that reduces efficiency losses by up to 50% whilst decreasing the system footprint by up to 40% compared to current solutions.

Additional technological benefits include improved cycle life, built-in redundancy for increased availability, as well as competitive material and installation cost.

Initially, Rimac Energy will provide solutions for large commercial, industrial, and utility-scale applications, with battery-buffered solutions for fast and mega-watt charging already underway.

The company currently has several customer projects in discussion, including a pilot with a leading renewable energy company to provide battery storage solutions for their solar and wind power plants.

These pilot systems are expected to be produced by the end of this year, and commissioned in 2024.

Mass manufacturing is set to start in 2025, with manufacturing capacities continuously scaling up into the double-digit GWh-scale.

Rimac Energy's Director, Wasim Sarwar, says: "At Rimac we have always been driven by innovation and a passion for pushing the limits of what is possible in the automotive industry. However, we recognize the importance of stationary storage solutions to power our planet sustainably. Given our track record in innovative battery technology, we believe we will play a vital role in building Europe's future energy ecosystems, elevating it on the global stage.”

Rimac Group founder and CEO, Mate Rimac, adds: "There is an urgent need for clean energy infrastructure to support the integration of renewable energy sources into the grid by providing storage and balancing capabilities. Given our head start in EV technology and dedication to sustainability, this path feels like a seamless progression for us. Our team is truly excited about creating solutions that make clean energy more accessible, as we strive to decrease our dependence on fossil fuels and foster a greener future."

Rimac Energy’s technology is being developed and manufactured at Rimac’s facilities on the outskirts of Zagreb, Croatia and will be revealed later this year.