Rimac Technology enters energy storage systems market with Rimac Energy brand

Rimac Technology has announced its entry into the stationary energy storage systems market with a new brand – Rimac Energy.

The firm said the launch of Rimac Energy leverages its expertise in making market-defining electric vehicle technology to create the next generation of stationary energy storage systems (ESS).

Rimac Energy 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 state-of-the-art solutions, the announcement reads.

The new business will be presented by Rimac Energy’s director Wasim Sarwar Dilov at the Belgrade Energy Forum 2023, which will be held on May 8-9.

The Rimac Energy product portfolio includes utility-scale systems, commercial and industrial applications, and e-chargers

According to the firm, the Rimac Energy product portfolio includes utility-scale ESS, commercial and industrial applications, and highly integrated battery-buffered charging solutions. All products are fully designed, developed, and produced in Europe, it said.

Rimac Energy revealed a plan to begin the production of pilot systems for selected customers this year, with commissioning scheduled for 2024. Mass manufacturing is set to start in 2025 at the Rimac Campus in Croatia, with manufacturing capacities continuously scaling up into the double-digit GWh-scale, it said.

The company pointed out that it has several customer projects in discussion, including a pilot with a major renewable energy company to provide battery storage solutions for its solar power plants and wind farms.

Rimac Energy has been steadily built as a specialized team within Rimac Technology over the last 18 months and now consists of 60 employees, the statement reads.

Sarwar: Rimac will play a vital role in building Europe’s future energy ecosystems

Wasim Sarwar Dilov, Rimac Energy’s Director, said the company recognizes the importance of stationary storage solutions to power the 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,” he stressed.

According to Mate Rimac, founder and CEO of Rimac Automobili, 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.

“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 said.