Croatia’s Rimac Group said on Thursday that its fully-owned subsidiary Rimac Technology has a launched a new brand, Rimac Energy, leveraging its expertise in making electric vehicle technology to create stationary energy storage systems (ESS).
“As a result, 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 company said in a press release.
These stationary solutions are essential in utilising the full potential of renewable power generation and driving the decarbonization of energy networks, it noted.
The Rimac Energy team has been built over the last 18 months and now consists of 60 employees.
Initially, Rimac Energy will provide solutions for large commercial, industrial, and utility-scale applications, with battery-buffered solutions for fast and megawatt 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.
Rimac Energy will produce its pilot systems for selected customers this year, with commissioning in 2024. High volume ESS production shall begin in 2025 at the Rimac Campus in Croatia, scaling to more than 10GWh of annual production.
The Rimac Group, led by CEO Mate Rimac, is the majority shareholder in the Bugatti Rimac joint venture, with a 55% stake and German sports carmaker Porsche with 45%.
(SeeNews, May 4, 2023)
